How Cash4Gold Works - From a Former Employee

[Barefootsies]

An interesting read...

Well I am a former employee of Cash 4 Gold. I did not know much about the company before being hired. On my first day of being hired, I was taught the ?Cash 4 Gold Scam? from beginning to end.
1. The ?refiner?s pack? that is used for you to put your jewelry is ?insured for UP TO 100 dollars, ? according to how much they feel your items are worth, NOT appraised at.
2. We receive your ?Refiner?s Pack? within 3-4 days, but we are instructed to tell you that it takes ?7-10 business days, for us to receive your pack, ALTHOUGH your package has already arrived.

3. Your jewlery gets appraised by hand/magnifying glasses/
a small weight pad, and a bottle of mystery fluid, which your items are then give a value for. Not million dollar equipment or specially trained jewelry experts.

4. Although the payment (check) for your item is dated within 24 hrs of testing your jewelry, we sometimes DO NOT actually send out the check until up to 3-4 days later.

5. We claim a 100% Satisfaction Guarantee or your jewelry returned, BUT THE CATCH IS, that the guarantee is contacting us within 10 DAYS from when your check is DATED. (This begins with the time it takes for the accounts payables dept. to issue the check and also including the transit time for you to receive your check in the mail. **** NOTATE THE COMMERCIALS THAT STATE U GET YOUR CHECK IN 24 HRS.***

6. IF you are lucky you will receive your check around the ?7th-10th? bus iness day, AND more then 97% of the time Customers are outraged when they lay eyes on the amount of the check. Some Customer?s even receive a check for 0.01 cents. (TRUTH) Thats including items of great value (Diamonds, Platinum/ Gold and Sterling)

7. They sometimes even receive your valuables and like them so much THAT we CLAIM to not have received the items just so the ?TOP? people or even ?FAVORED? people can get first dibs on your items. From which point we issued an INSURANCE CLAIM for UP TO 100 dollars. GOD FORBID your items are worth more then a 100 dollars, and when you call in to check on the status of your items, we tell you ? YOU SHOULD?VE ADDED EXTRA INSURANCE ON YOUR ITEMS.? We do not have an actual Insurance company, they use customer service reps as the claim department agents.

8. For those who receive there check within the 10 day frame, GOOD LUCK with trying to get in touch with a cust. srvc. rep before your 10 days are up. Which after your 10 days, your items are ?ALREADY MELTED? or NO LONGER AVAILABLE FOR RETURN.?

9. For the ?LUCKY? people who do get in touch with us within the alloted time frame, we already know what you are calling about. Customers want their items returned, because there check amount is so insultingly LOW. The first thing a Rep will ask you is ?HOW MUCH WERE YOU EXPECTING TO GET BACK?? This way we can know how much to ?BONUS? you.
Definition of a BONUS: We issue low checks just to have you call us back if you are smart enough to realized that you just got scammed. For the smart one?s we are paid to offer u a bonus up to 3x the original amount of your check and you accept. For ex: Sally Smith receives a check for $27.86 for a rolex watch(which we dont issue value for), a class ring, a ring with diamond chips, a pair of earrings with emeralds, as well as a few sterling silver pieces, and maybe a few items that were really of no value. Now Sally Smith calls the cust srvc dept, where she speaks to a rep who seems so concerned and will see if she can do better with the amount by speaking to a ?SUPERVISOR?. We then place the caller on Mute, and speak to our neighbors or doodle on a sheet, or twiddle with our hair for about 45 seconds, while we are supposedly speaking to our supervisor about Ms. Smith?s complaint. We then come back with an offer to ?BUMP UP YOUR MELT DATE or any other lies the cust srvc reps can think of, and offer you a total amount of $53.20 which is a little under double the amount of your original check. In which case if you accept, the cust srvc rep makes a 15.00 bonus off of your transaction. If the cust srvc rep offers you under triple the amount of your orig check, she makes 10.oo in bonuses.

10. If you accept the offer, the deal is done, and you are told that the call is recorded(which most of the time, the record button does not work.)Just a way to make your feel binded by a verbal contract. IF you do not accept the deal, you have to return your check, and it takes sometimes up to a month to receive your items back after we receive the check.

11. If you only want the items that we do not find of any value back, you have to pay a 10.00 shipping and handling fee to have your own items returned, which varies depending on sales for that week. IF sales are good, there is no fee, when we are slow, you must pay.
Cash 4 Gold is definitely not a trustworthy or credible company to do business with. You are almost better off taking your items to a local pawn shop or shopping around for other companies. With the economony the way it is, Cash 4 Gold seems to be a way out of financial stress for some, but in actuality becomes a stress of its own. I would advice you to think twice before sending in valuables or items inherited and of sentimental value. Its not worth it. I am not doing this as a way of Bashing their money making process but more so to warn everyone.

http://www.shoemoney.com/2009/03/22/...rmer-employee/

[BradM]

Yea old news, shoe just copy pasted that from a consumer affairs site

[collegeboobies]

its a scam !

[pornguy]

Amazing aint it..

BF. You have found some good reads today. NOW STOP! I have work to do.

[Pete-KT]

Nice way to scam people

[TyroneGoldberg]

lol

anyone with a half a brain would know this was a scam. why the fyck would i send my gold, diamonds in the mail to someone i didn't know.

yes one is born every second

[Reak AGV]

I could have think of that scam, not that good.

[The Judge]

The owner of cash4gold is a member of the dominating ethnic minority. Not that is has anything to do with how they do business ofcourse.

[babymaker]

Damn, I wish I was a mailman right about now :D Would be "losing" a few of those packages everyday before they got to the scammers and would have a very full bank account

[Barefootsies]

Originally Posted by BradM

Yea old news, shoe just copy pasted that from a consumer affairs site

I used to only see commercials for these turds.

Now I see a good half dozen daily. Plus some local coin shops now do similar.

I can see why. Very profitable scam.

[Barefootsies]

Originally Posted by TyroneGoldberg

lol

anyone with a half a brain would know this was a scam. why the fyck would i send my gold, diamonds in the mail to someone i didn't know.

yes one is born every second

I always thought the same as well.

Yeah, sure. I am going to pack up old Rolex's, diamonds, rings and such to send off in some envelope through the mail to some infomercial company because the black dude in the commerical tells me of the riches received.

Priceless.

[V_RocKs]

I am going to send them my gold RCA jacks.

[JFK]

hey guys , not defending sleazy business practices, BUT it is a business. I buy gold off the streets and it is not my fault people pay 5-600% markups on cheap 10k crap. No matter how nice the piece of jewellery is, it has a break up value and if it is not sold within a certain period of time, it gets melted down. If you pay too much you end up losing. Not in business to lose money, I pay a fair price, but a bottom line, is a bottom line

[tammix]

they are considering to change their name to "Scam 4 Gold" but they are afraid people will stop sending them jewlery by snail mail... (will they?)

[UFGators2007]

Didn't need to read that to know its a scam.

[JFK]

anyone who sends the stuff in the mail is a total fool. I see those commercials and shake my head in disbelief, how stupid can people be

[snaker]

Originally Posted by TyroneGoldberg

lol

anyone with a half a brain would know this was a scam. why the fyck would i send my gold, diamonds in the mail to someone i didn't know.

yes one is born every second

My friend who needed cash was going to send her stuff in, total scam

[Horny Dude]

Why send it in when most jewelry places will buy it from you right now. That is what blows me away. Here in San Diego we have gold buying events all the time from local jewelry places. You get the cash right there, why wait 3-4 days.

[cherrylula]

Originally Posted by Horny Dude

Why send it in when most jewelry places will buy it from you right now. That is what blows me away. Here in San Diego we have gold buying events all the time from local jewelry places. You get the cash right there, why wait 3-4 days.

Most people just don't know about things like that, they sit in front of their tv and watch commercials. That is why C4G works so good on the lazy crowd.

[PornMD]

When they pay like $15+ per lead just to send out the "Gold Refiners Pack" to people (i.e. they haven't received anything from the lead, the lead merely signed up to receive the envelope to send the jewelry in), you know they've gotta be making shitloads off of people. The main guy in their commercials looks like a f'in sleazy crook...hell, most of the people in the comercial does.

Seriously though, who would have thought a business like that could operate without people's BS radars going off? Yea, send something potentially worth thousands through snail mail in some shitty envelope. Let them hold onto it while they give you an estimate you know you're not going to like. Face the potential that they're going to fuck you without you being able to do anything about it. Have these people forgotten pawn shops exist?

[GonZo]

I bet if they were coming to shows and buy some of you drinks , drugs and ass youd think they were topnotch standup guys.

[Angry Jew Cat - Banned for Life]

i might ship them a bag full of my best "brown" nuggets...

[Barefootsies]

Originally Posted by GonZo

I bet if they were coming to shows and buy some of you drinks , drugs and ass youd think they were topnotch standup guys.

[Puremeds-J]

wow thats fucked.. I hope I get my chains back!

[Angry Jew Cat - Banned for Life]

Originally Posted by GonZo

I bet if they were coming to shows and buy some of you drinks , drugs and ass youd think they were topnotch standup guys.

brroooooooooooooooz

[hypedough]

Originally Posted by V_RocKs

I am going to send them my gold RCA jacks.

I have so many of those to sell them, hopefully I can get an insurance check for $100.

[2012]

wow, and here I thought this whole thing was on the "up and up" . I've always needed a place to send my worthless gold

... now what.

[Vicious_B]

Originally Posted by JFK

anyone who sends the stuff in the mail is a total fool. I see those commercials and shake my head in disbelief, how stupid can people be

Apparantly VERY stupid and many fall for it.

[Si]

[Stephanie Hastert]

Jewelry stores, and most coin dealers purchase precious metals.
Ridiculous to send your unwanted jewelry to someone via mail.

[The Seduction of Art]

I hear ads for this all the time on Sirius (Where 99% of all ads are some kind of get rich scam). Retarded.

[TyroneGoldberg]

Originally Posted by GonZo

I bet if they were coming to shows and buy some of you drinks , drugs and ass youd think they were topnotch standup guys.

hahahahahhaha