Selling Xbox One's, CHEAP

[b!z]

Aren't these essentially fraudulently obtained?

Yes. The OP is using an exploit in the Microsoft return system. For $100 he will scam Microsoft and have them ship the scammed console to your front door.

The OP is everything that's wrong not only in the bitcoin business but the world. Honesty is a virtue and the OP has none.  It's never ok to steal.

No, it's nothing like that.

That's a blatant lie.

[SardonicJester]

Taken from another thread about these fraudulent Xbox's.

"Advanced exchange: Microsoft will ship a replacement product to you first, and then you'll send back your non-working item. There are a few important things to note about advanced exchange:

You must provide credit card details for an advanced exchange. A hold will be placed on your credit card for the price of an Xbox One console or Kinect sensor.
You're responsible for sending the non-working product in within 14 days after receiving the replacement product to avoid having your credit card charged."

The trick is Microsoft don't put a hold for the full cost of a console on your card, they just do a check. So people use a pre paid visa or vcc with £1 on to do this and the serial numbers to set up a repair can easily be found or given to you if you ask a seller on eBay etc.

When Microsoft clicks on they're not receiving the broken xbox that doesn't exist back they will try charging the card which obviously won't work where it only ever had a pound on it and the only trace is the delivery address which conveniently is the buyers and not the seller.

With the use of Bitcoin as the payment method and not accepting PayPal etc (there is nothing identifying the seller), but there's nothing stopping Microsoft chasing it up or bricking your console down the line or worst case scenario the seller using stolen credit cards to pass the security checks (Microsoft are meant to be clamping down on pre paid cards) which would result in more than a bricked console for whoever buys one.

TL/DR - It is fraud and the only person who has anything to lose is the buyer. Seller is safe since Microsoft won't have any of his information, only yours. (Because Microsoft will ship straight to you.)

[SlidingHorn]

TL/DR - It is fraud and the only person who has anything to lose is the buyer. Seller is safe since Microsoft won't have any of his information, only yours. (Because Microsoft will ship straight to you.)

Extra emphasis added....

Don't risk your time, money or even possibly your freedom on this scam.

[coins101]

if only people would put all this ingenuity into something more productive, we'd all be much better off.

[JessyMatt]

Grad I didn't fall for this. Sounds very fraudulent.