Lower priced watches from cheaper brands supposedly have higher margins. "One watch is never enuff. Anytime you trade money for goods or services, theres a risk involved. https://www.fdic.gov/consumers/assistance/filecomplaint.html, (You must log in or sign up to reply here. They could possibly subpoena the records from Chrono to traceback the conmans point of operations at time of the crime. I dont understand why this info is needed and never heard of a this being necessary for online purchases. This is bad both for Chrono24, and for everyone who has helped build the site into what it is today the sellers. The problem with that was that when I purchased the watch I communicated that I was on the road and wouldnt be home to see the watch for two weeks. They are happy with the fact that it is an opportunity to reach a larger audience and more potential customers But none of them have been satisfied with the way Chrono24 is run, their policies, and most importantly, their commission fee structure. Chrono24 is a business and they need to make money. One such example is when it comes to trade-ins (part exchanges). As you can expect from the process of listing a watch, the listing offers a ton of information. You can learn more about Chrono24 payment processing here: Buying from a commercial . Our number one goal is to make you so satisfied with your purchase that we get the honour of helping you with your next watch purchase. But the issue is that their communication is the complete opposite of what they are doing. Chrono24 of course understands that trade-ins are not like regular sales, which is why they write Please keep this in mind when calculating trade-ins.. It works like almost any other site, with a few exceptions. Rather than having a flat percentage fee for all listings, they would adapt the commission rate based on the sales price. Payment is transferred and kept safe in Chrono24s escrow account until you have your watch in your hands. Its also important to keep in mind that the listed price is not always what something sells for. Collin from the HP Consumer Sales UK and IRE did an exelent job during the phonecall. Best of luck. We strive to offer you an amazing customer service to make your buyer experience as great as it can be. Maybe if they see their user base shrinking rapidly after this move theyll get the message.. I feel very uncomfortable uploading this info especially for just a watch purchase. Send mail to Gulshan Saini with subject Automated SEO Website and I will get back to you in 24 hours. The listings are constantly changing, subject to what sellers are listing, lasting only until buyers snatch them up. Many of these well-documented issues revolve around watches with straps made from crocodile or alligator leather. Belongs to you personally, no commissions or monthly payments. I have all the emails and documents that proves what I just write. I have even been ordered by Chrono24 to send money to the buyer due to a platform mistake in the process, imagine this, as a seller I am short the watch, missing the funds AND should send more money. I looked through their website after reading this and just a heads up, there are multiple counterfeit watches listed even by dealers right now. Just a note, Buyer tried to do business outside Chrono24 platform but I didnt accept because. The company has been in business since 2003. Thanks to the Chrono24 Escrow Service, your payment is fully covered. You can list one watch or several at a time, all free of charge. I became to get suspicious when after they claimed they received funds they kept on making excused about sending the courier tracking number. The patient made a co-pay during the check-in process and no follow up appointment is necessary. It just goes to show just how little understanding Chrono24 really has about the watch market and the basic principles of the capitalistic market in general. Chrono24 is legit and reputable. The site has knowingly allowed this fraudster to advertise and con people. Same here. Its available for use by all sellers, but not everyone elects to use the service. Got questions? It may cost north if $20K but Id do it Good luck! If youre like most watch collectors, youre looking for a great deal to save money and also protect your investment. Purchased a $5K Rolex from a Las Vegas based seller (from Australia) via Chrono 24. I don't understand why this info is needed and never heard of a this being necessary for online purchases. Service 87. 3. We try to reply within an hour. This leaves the seller without the watch and without the payment. To safeguard its customers from risky purchases, Chrono24 will set up an escrow account to hold the purchase funds while the buyer verifies that everything is legit. This should take a few seconds. Chrono24 ranks 7th among Marketplace sites. I really enjoy using Chrono24. Ive had a watch held before, and its an extremely frustrating experience. Im pleased. And It's going to be a watch manufactured in my birth year so that I'm always by his side when he wears it. Most importantly, have your watch verified as soon as possible. A forum community dedicated to watch owners and enthusiasts. The most common questions about chrono24 payment is being verified. The AD is still up even though I have sent many emails to Chrono 24 and calls. Dealers are welcome to increase the prices of their watches on Chrono24 accordingly in order to maintain stable margins, Chrono24 Review: Why you Shouldnt use Chrono24.com. This was a immediate red flag and I knew I had been screwed. Chrono24 provides Escrow Service for free. The fact that they are stating something like this can be described as nothing less than an insult to anyone who is selling watches on their platform. Chrono24Around the World Our headquarters in and on the Hoepfner Castle are located in the heart of Karlsruhe, the bastion of innovative IT solutions in Germany. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. The commission fees for the watches most commonly sold watches actually increased rather than decreased. Only then do we send the money to the dealer. The sale of counterfeit watches is prohibited by Chrono24, though many unscrupulous sellers have been able to get around it. Regards or buy another one if it was gone. Once your claim has been approved, your benefits will be deposited into your account 2 business days after you . Ideally, meet them at an established watch dealer's shop where the watch can be inspected immediately. Ps. I figured, hey, he's a "trusted dealer" on Chrono24, he seems fairly knowledgeable about watches and he's selling the watch for a reasonably good, but not shockingly good, deal. Interesting points made in the article but then I read this commentas an online seller myself (completely different industry) I cant help but see more and more people unable to read and take responsibility. Of course, you could argue that it is a common business sense for Chrono24 to use its own platform to sell its watches. What should I do if I want to return an item? Only then do we send the money to the dealer. We keep your money in our escrow account for 14 days after delivery of your watch. In an ever-changing watch market, people will turn to platforms that truly understand their needs and wants, and value their contribution to building a great platform. Come join the discussion about watch collections, displays, watch winders, accessories, classifieds, and more! You may also be able to set up a Trusted Checkout, which well get into next. It will have our names engraved on the back and I'm giving it to him for . I have just had the very bad misfortune of being defrauded out of over $12, 000.00 from a fraudulent seller on chrono 24. Tom Scalisi is a freelance writer and editor with a passion for watches and everyday carry items. I was looking to sell my watch - Chrono24 gave me a valuation which I thought was OK, so I put it on the site. Chrono24 review: chrono24.com scam. Thanks for that insight! It just happens to be an easy platform for scammers to take advantage of. They have programmers, employees, and all of the other things that go into building a business. Seiko SARB033 Review: Is It Worth the Hype? From your initial contact to after you have your new watch on the wrist. Authentic customer reviews also provide insights into the respective dealer's services, so you can always be sure who you're buying from. But the major thing is that in Chrono24s message, they write: But if a buyer has bought the watch off-platform, Chrono24 will still charge a fee. Warning to everyone looking to buy a watch on chrono 24- DONT Chrono24 people great and responsive with a query. Its okay to question Chrono24s legitimacy, though most of these questions are misdirected. Published by on June 29, 2022. They have even gone so far to develop a program that automatically detects this. 2022-06-29 /; Posted By : / glen helen raceway death /; Under : pottery barn great white pasta bowlpottery barn great white pasta bowl That sounds very strange that you are not able to reply. a. My experience was a lesson that cost me thousands of dollars. VerticalScope Inc., 111 Peter Street, Suite 600, Toronto, Ontario, M5V 2H1, Canada. Personal 100% verified and ready-to-go Stripe account Up to $10K monthly revenue No extra commissions or hidden fees Perfect and risk-free option to get started in eCom business. No cost to you. Being in the security industry and dealing with fraud on a daily basis, this is textbook phishing for identity theft. In practice, how the mediation process works is thatChrono24 locks the seller out of the funds whilst the case is in mediation, and they repeatedly ask if the buyer is satisfied. Or, in their own words: These guidelines serve to standardize listings and keep things on an even playing field.. Keeping my funds and my watch away from me is a dirty maneuver. For a better experience, please enable JavaScript in your browser before proceeding. They have an editorial office in Berlin, a location in New York City, and a home in Hong Kong. And thats exactly what we think will ultimately happen with Chrono24. At this point, Chrono24 will suggest a price to you based on current and former listings. Thus, you have time to carefully inspect your order knowing your money is safe in our account. JavaScript is disabled. If a price from a private seller is too good to be true, run. Just a bunch of scambugs. everything has been sorted. Maybe they actually need those data, maybe they know that requesting that information eliminates a large fraction of dishonest customers, or maybe they are trying to gather data for other reasons. The rules are clear, you have two weeks. Never miss a post, plus grab this free guide (instant download). In 2020-2021, Chrono24 announced a new way of charging their commission fee for the sale of watches. Chrono24 simply helps facilitate the transaction. Hi, Chrono24.com is the worlds largest online marketplace for watches. Value 79. So deffinetly I would buy from him again and again. Chrono24 frequently promotes its mediation process which is where a representative from Chrono24 comes in and mediates between the seller and the buyer when the buyer is dissatisfied with the watch they have received. Why is the CC picture needed, especially with so many numbers showing? You can pay with all major credit cards, PayPal, Sofort, iDeal and bank transfer. But the fact of the matter is that since the transaction has taken place outside of the platform, they are not able to offer any guarantee whatsoever. On the same token, they are unwilling to do anything to support the sellers and accommodate a better commission solution for these occasions. Comment below! In some cases, Customs has seized items and held them for a long time, which puts the transaction and your escrow-protected money in limbo. It says the payment is in the verification process. They are going to have you cc info anyway if you pay by card, no? Each watch that sells through Chrono24s website garners the company a 6.5 percent commission. You get the best price for a vintage watch, but please feel free to make an offer on a vtg watch. Proceed with CAUTION. By adjusting the time and snapping the shots, youre letting the staff at Chrono24 know that you probably have this watch in your possession. Probably because its a fake. Ever. No spam. Chrono24 does this to provide some extra insurance in a bid to increase the chance youll spend your money through their site. Payment via Chrono24's secure Escrow Service. The watch selection is enormous, they get a ton of visitors each day, and you can find some real steals. And still not reimbursed for the shipment cost. The PlayerAuctions Seller achievement system has been online since Mar 24th, 2022. Payment via Chrono24's secure Escrow Service. The patient needs to make a follow-up appointment. When I received it I noticed the stem of the watch was sticky and didnt work well. The issue that Chrono24 has had over the last couple of years is that they have increased the fees at a rapid pace, but added minimal value. The patient needs to make a follow-up appointment. Dealers are welcome to increase the prices of their watches on Chrono24 accordingly in order to maintain stable margins. . But thats a merit you cannot rely on forever. I have bought and sold on C24.I can see that I uploaded a copy of my passport back in 2017. Ren Herold. chrono24 payment is being verifieddark blue suit brown shoes. If sending to your US account I would assume they sent it in USD not EUR, Did you double check the acct. Misleading site, i bought a watch from them that i never received. I paid by credit card via the trusted checkout process, was given shipping info, and received the watch as expected. To think that a seller can just increase the prices and it will all be fine is ignorant at best, and insulting at worst. Chrono24 accepts multiple different payment methods from Credit Cards . Chrono24 heavily promotes its buyers security. In fact, Chrono24 one time introduced an update to the site which eliminated the information about who you purchased the watch from. It will inform you of our team's decision. For the sake of education only, I chose to shop for a Seiko SLA037. Chrono24 does everything it can to prevent its sellers and professional dealers to build their own names and brand on the platform. Every contacts are directly to the seller. Worried about fake watches? Premium: 209 2.5-6.5 %. I have been waiting now for 6-8 weeks! Please wait until payment verification is finished. Thanks in advance. It is based on a watchs average revenue so that every watch can sell for a profit on Chrono24. I just don't like the fact that I need to give that info. no you were not ripped off. The Trusted Checkout Authenticity Guarantee is only good for 14 days.