Hello ^^ I tried to look for a Nintendo Switch on Ebay classifieds, now I found it and he would like to use CashtoCode as a payment method. (would be 200 euro with 3 games.) Because he was often ripped off with bank transfers. My question about this now is… WHAT is Cashtocode? How does it work? Is it safe?
His instructions were that he sent me the switch by express and I paid a bar at the gas station. I can look at the switch to see if everything is fine and then send him the code so that he can access the money. I can't really find anything about it on the Internet, mainly through online casinos…
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he sent me a picture with the text from the Support Cash To Code? It says:
Hello Mr *********,
We would be happy to explain how this works with cash to code. For example, you go to a gas station and show a barcode where an amount of 25, 50, 100 or 200 is then paid. When you have paid you will receive a receipt with the amount on it and the number code you then enter and then you have the money, for example 25 euro. If you have any more questions, please contact us.
With best regards
Your Cash To Code
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Yes, it really says so… Without a comma, etc.
Would be nice if someone could help me quickly, would not like to put 200 euro in the sand… Not again…
Sounds strange to me.
How can he be ripped off when making a transfer? It couldn't be safer.
I've only read in briefly on the https://info.cashtocode.com/, because I didn't know the service before, and I dare to make a prognosis of how it will work.
With the usual prepaid cards, you buy the card in the store, it is activated when you pay and then you can use the code printed there to pay online.
With CashToCode, the provider / retailer issues you a personalized barcode that you show in the store. The money that you then deposit is immediately transferred to the account of the provider / trader.
In your e-mail, however, the provider acts as if you received a code, just like with a normal prepaid card, with which you only have to pay for it once it has sent the goods to you. But that's nonsense, because by then the money has long been with the provider. The fact that the provider is lulling you into a false sense of security indicates to me that he wants to cheat you.
So it will work like this: the provider gives you the code (maybe with a few more embellishments so you don't suspect anything), you go to pay it at the nearest gas station, your money is gone and you never hear from the provider again.
You wouldn't pay until the goods have been checked. But how should you do that at the gas station?
Most of them are petrol stations that are integrated into the CashToCode system. It's just a little extra income for them. There are of course a number of smaller shops and stores; I only used the gas station as an example.
If the provider actually sends the goods and you can check them before paying with the barcode at the gas station, that's of course something different. That would be virtually risk-free for the buyer. But it will certainly not work that way when I look at the questioner's text.
The seller will explain to you that you first go to the gas station with the barcode and pay the amount. Then he sends the goods off and you can check them in peace. If everything is ok, you send the seller the payment code. The buyer believes that only this payment code, like a prepaid card, will forward the credit to the seller. In fact, this happens automatically with the CashToCode system as soon as you pay with the barcode at the gas station. The money is already gone by then.
Ultimately, this is just as risky for the buyer as a transfer. Only in the event of fraud you would still have an account number. With CashToCode you have nothing.
I understood that in the opening post that he should check the switch first. Without goods, I wouldn't pay anything in this way. With PayPal you have at least buyer protection, with the cash code you have nothing.
