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To the So Called "eBayers"

J

Jeffrey903

macrumors member
Original poster
May 27, 2006
54
0
This is a message to anyone who is considering buying an iPhone just to sell it on eBay:

Don't do it! You will just piss off a lot of people and will probably make little profit. Here is why:

1) There will be a good supply of iPhones within 3-5 days at launch. The resale value of the iPhone will drop to MSRP very quickly.
2) There is going to be a credit check at the Apple and AT&T stores. If you don't pass the credit check, you will have to pay an extra $750 which you will never get back since you won't be the one activating the phone
3) You may not be able to do a credit check online. The video shows that iTunes requests a "credit check code", which shows that you have already done (and been approved by) the credit check. If you buy the iPhone and pass the credit check, the person who you sell the iPhone too might not be able to activate it.
 
Hello,

where have you read this thing with the extra 750$...?

I hope so much there will be a way for a not USA Iphone fan...
 
If you have little, no, or bad credit, AT&T (or any cell phone provider) will make you pay an extra fee (up to $750 in AT&Ts case) basically as a good faith payment to ensure that you pay your bills on time. That money gets return to you after 1-2 years of good payment on your bill.
 
Jeffrey903 said:
If you have little, no, or bad credit, AT&T (or any cell phone provider) will make you pay an extra fee (up to $750 in AT&Ts case) basically as a good faith payment to ensure that you pay your bills on time. That money gets return to you after 1-2 years of good payment on your bill.
Click to expand...

Is that $750 extra on top of the iPhone or just the phone itself?
 
Jeffrey903 said:
3) You may not be able to do a credit check online. The video shows that iTunes requests a "credit check code", which shows that you have already done (and been approved by) the credit check. If you buy the iPhone and pass the credit check, the person who you sell the iPhone too might not be able to activate it.
Click to expand...


It shows, and he says, in the video that IF you have already gotten one done, you can just enter the code, if not, you have to do the credit check then.
 
Indeed, and thats the crapshoot. If you spend all day waiting in line and then they make you do a credit check and you have bad credit, they'll want you to fork over the money for the deposit. They dont want you buying the phone and then turning around and sitting on it when it could be in someone else's hands providing revenue vis a vis voice and data plans.
 
Jeffrey903 said:
This is a message to anyone who is considering buying an iPhone just to sell it on eBay:

Don't do it! You will just piss off a lot of people and will probably make little profit. Here is why:

1) There will be a good supply of iPhones within 3-5 days at launch. The resale value of the iPhone will drop to MSRP very quickly.
2) There is going to be a credit check at the Apple and AT&T stores. If you don't pass the credit check, you will have to pay an extra $750 which you will never get back since you won't be the one activating the phone
3) You may not be able to do a credit check online. The video shows that iTunes requests a "credit check code", which shows that you have already done (and been approved by) the credit check. If you buy the iPhone and pass the credit check, the person who you sell the iPhone too might not be able to activate it.
Click to expand...




The $750 is a security deposit and if you pay your bills on time for 1 year then you do get that maoney back because I did that a couple years ago when I switched to cingular. I did get it back.

Also this should only apply to people who are starting a new account with AT&T. If you are already with AT&T then there is no credit check needed becasue you already went through that.
 
macWilson420 said:
The $750 is a security deposit and if you pay your bills on time for 1 year then you do get that maoney back because I did that a couple years ago when I switched to cingular. I did get it back.

Also this should only apply to people who are starting a new account with AT&T. If you are already with AT&T then there is no credit check needed becasue you already went through that.
Click to expand...
Correct, but I doubt an eBayer is going to fork over the $750 security deposit, since they won't have a way to get it back (since they aren't the ones activating the phone).
 
Jeffrey903 said:
This is a message to anyone who is considering buying an iPhone just to sell it on eBay:

Don't do it! You will just piss off a lot of people and will probably make little profit. Here is why:

1) There will be a good supply of iPhones within 3-5 days at launch. The resale value of the iPhone will drop to MSRP very quickly.
2) There is going to be a credit check at the Apple and AT&T stores. If you don't pass the credit check, you will have to pay an extra $750 which you will never get back since you won't be the one activating the phone
3) You may not be able to do a credit check online. The video shows that iTunes requests a "credit check code", which shows that you have already done (and been approved by) the credit check. If you buy the iPhone and pass the credit check, the person who you sell the iPhone too might not be able to activate it.
Click to expand...


OK did you actually WATCH the video, because thats not what it showed at all. It showed an OPTIONAL pre-approved code.

The guy activated his phone by running his credit with his SSN# right through iTunes. Way to spread false info due to not paying attention.
 
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