Need Advice

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Hotsoup
Hi, One guy is paying LIC premium by unethically using Amazon pay later,

he is offering good  discount, He agreed to take payment after i got payment confirmation from LIC.

Shall i go with it? What other things i have to take care and any other risk that i am not considering.

I know that i should not promote to these things but if i don't do someone else wii do it.



Edit: Thanks dimers for your kind advice. I am dropping this deal.

But i am still confused what will be  impact if i paid after payment confirmation received.

Please advise

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Generous Generous
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Hotsoup wrote:
I have dropped the deal based on advice received here. But still confused what will be my liability after i received payment confirmation from LIC.
here is a case reported on dd itself
This was for ebill
The electricity board sent notice to customer stating you have made payment using illegal method
The person actualy got it paid from someone using amazon gvs and those gvs were obtained illegally, so amazon initiated sone action
Dont know what happened afterwards, but everything is digital now with all traces better to stay away from such things
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Glitterati Glitterati
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May be using Amazan pay Later offers.

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Hi just wanted to ask why it is unethical for my understanding to use pay later, it is like using credit card right ?

Also what is the discount you are getting there ?

Maybe you can get inputs for alternate options if you aren't comfortable with this route from discussion in this thread https://www.desidime.com/discussions/best-way-t...

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tappukepapa wrote:

May be using Amazan pay Later offers.

I don't believe Pay later is giving 2-3k discount or cashbcak on bill payment

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Hotsoup wrote:

I don't believe Pay later is giving 2-3k discount or cashbcak on bill payment

Can you pls share lic amount and discount offered by him for better inputs from dimers

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Gauravmittal49589 wrote:

Can you pls share lic amount and discount offered by him for better inputs from dimers

In that case it will be easy to calculate discount, which i am not allowed to disclose

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Random123 wrote:

Hi just wanted to ask why it is unethical for my understanding to use pay later, it is like using credit card right ?

Also what is the discount you are getting there ?

Maybe you can get inputs for alternate options if you aren't comfortable with this route from discussion in this thread https://www.desidime.com/discussions/best-way-t...

Discount is much higher than discussed here.

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I just want some advice that shall i go with it? And any other risk that i am missing

Benevolent Benevolent
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3 or 4 percent discount ok, else some fraud don't entertain

Benevolent Benevolent
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Hotsoup wrote:

I just want some advice that shall i go with it? And any other risk that i am missing

no.
Deal Subedar Deal Subedar
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No..please dont trade for your own safety. I have seen people giving 10% off on elec bills by using pay later methods. God knows how do they manage margins if this is genuine at all

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Maverick_23 wrote:

No..please dont trade for your own safety. I have seen people giving 10% off on elec bills by using pay later methods. God knows how do they manage margins if this is genuine at all

Yes, but what is the problem we face if we make payment after confirmation received.
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caks2006407 wrote:

3 or 4 percent discount ok, else some fraud don't entertain

Its much more, 3-4% to Amazon gv se mil jata hai

Deal Subedar Deal Subedar
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Hotsoup wrote:
Yes, but what is the problem we face if we make payment after confirmation received.
Not sure. If the person defaults may be they track which all txns have happened.
I think these guys opt for pay laters using anyone's pan cards, get few thousands limit..and exhaust it and dont pay the dues
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Hotsoup wrote:

Discount is much higher than discussed here.

It's good that there is a better option with higher discount but sorry don't have much idea on the safety of this transaction. I would go ahead only if it is someone I know.

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Maverick_23 wrote:
Not sure. If the person defaults may be they track which all txns have happened.
I think these guys opt for pay laters using anyone's pan cards, get few thousands limit..and exhaust it and dont pay the dues
Yes, but how it can be validated others PAN?
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Random123 wrote:

It's good that there is a better option with higher discount but sorry don't have much idea on the safety of this transaction. I would go ahead only if it is someone I know.

No its not known person, that's why telling you that he is doing with some unethical means.
Benevolent Benevolent
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Well I am not sure if anything can happen if he/she defaults which seems to be only way of giving discount surely they are not gonna pay.

But have seen on telegram where people deal bill payments or cylinder bookings in bulk but they don't accept if the source are pay later services probably because of the future risk it pose.

Generous Generous
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Maverick_23 wrote:
Not sure. If the person defaults may be they track which all txns have happened.
I think these guys opt for pay laters using anyone's pan cards, get few thousands limit..and exhaust it and dont pay the dues
This is what i think is going on I have alerted people to stay away from even 4% discount on lic payments
Generous Generous
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Hotsoup wrote:
Yes, but how it can be validated others PAN?
People have loads of pan data of other users
Generous Generous
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Hotsoup wrote:
No its not known person, that's why telling you that he is doing with some unethical means.
Ask him for his paylater account statement before and after payment
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insta wrote:
This is what i think is going on I have alerted people to stay away from even 4% discount on lic payments
4% is possible as people got 3% + 5% on amazon gv purchased from sbi so they give 4%
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insta wrote:
People have loads of pan data of other users
Through mobikwik data leak smile smile
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insta wrote:
Ask him for his paylater account statement before and after payment
No one will give that. People are doing mobile booking who gives their credit card bill statement.

Further he will say, whatever i do its not your problem, u should check your payment confirmation and pay me. That's it.
Generous Generous
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Hotsoup wrote:
4% is possible as people got 3% + 5% on amazon gv purchased from sbi so they give 4%
The one who is giving 4% is fool as gvs easily sells at 3% joy Possible in rare cases if he is outside of this trading universe, in which case he is unlikely to do all these reselling things.
Generous Generous
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Hotsoup wrote:
Through mobikwik data leak smile smile
Many other ways possible Ppl have excel dumps from nsdl too
Generous Generous
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Hotsoup wrote:
No one will give that. People are doing mobile booking who gives their credit card bill statement.

Further he will say, whatever i do its not your problem, u should check your payment confirmation and pay me. That's it.
U just need to check his willingness to do it, if he acts rudely thats a red flag. Just avoid
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insta wrote:
U just need to check his willingness to do it, if he acts rudely thats a red flag. Just avoid
I have dropped the deal based on advice received here. But still confused what will be my liability after i received payment confirmation from LIC.
Generous Generous
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Hotsoup wrote:
I have dropped the deal based on advice received here. But still confused what will be my liability after i received payment confirmation from LIC.
here is a case reported on dd itself
This was for ebill
The electricity board sent notice to customer stating you have made payment using illegal method
The person actualy got it paid from someone using amazon gvs and those gvs were obtained illegally, so amazon initiated sone action
Dont know what happened afterwards, but everything is digital now with all traces better to stay away from such things
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