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Confessions of a former Cash4Gold employee

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  • Confessions of a former Cash4Gold employee

    Presently there is no mention of this on Snopes, so take it FWIW:

    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 determine from a description from you, the worth of your items to be, NOT an actual fully researched appraisal.

    2. We receive your shipment within 3-4 days, but are instructed to tell you that it takes "7-10 business days, for us to receive your pack, ALTHOUGH many times, your package has already arrived.
    (All cash4gold customers who have called customer service to track a package can vouch for this)

    3. Your jewelry gets appraised by hand, a magnifying glass, a plastic container, a small weight pad, and a bottle of ORANGISH fluid, which your items are then determined a value for. Not million dollar equipment or specially trained jewelry experts. The company was temporarily closed recently due to health and code violations. I have witness testers being transported to Medical Centers, due to the testing department environment. There is literally a cloud of smoke in the air from acid and other testing material. If you were thinking it was some state-of-the-art testing facility, you thought WRONG.

    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. (if you are a customer check the date the check was issued against the stamped date on the envelope.)

    5. We do offer a 100% Satisfaction Guarantee or your jewelry returned, BUT THE CATCH IS, that the guarantee is to contact us within 10 DAYS from when your check is DATED. (This begins with the time it took 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 INSINUATE THAT YOU GET YOUR CASH IN 24 HRS.*** If you request (sign) for FAST CASH (direct deposit) you automatically WAIVE your rights to have your items returned, EVEN if you are not satisfied with amount of your deposit.

    6. You generally receive your check around the "7th-10th" business day, AND majority of the time Customers are outraged when they lay eyes on the amount of their check. Some Customer's even receive a check for 0.01 cents.

    7. There have been times when we have received your package and MISPLACED or LOST it at the facility. We CLAIM to not have received the items and even try to convince you that it was lost in the hands of USPS. At which point we begin an insurance claim process on your package. We ask you to send us an itemized list of the content of the package, trying to be as descriptive as you possible can (if you can remember everything in full detail) and a copy of your state issud ID. We then issue an INSURANCE CLAIM for UP TO 100 dollars. GOD FORBID your items are worth more then a 100 dollars. If you call customer service to check on the status of your shipment, and we actually have not received your package, we inform you of the insurance claim process. For those who know that their items are worth more than a hundred dollars, they become very upset and threaten to take action against the company, at that point we inform the customer that if they knew their items were worth more they should have added additional insurance at the Post Office. BUT unless you are paying to ship your items in a completely different package other then the refiner's kit, you are unable to add insurance to the package.

    8. For those who do get in touch with us within the allotted 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 realize 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 don’t 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 customer service rep offers you under triple the amount of your orig check, he/she makes 10.oo in bonuses.

    9. 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, or the box if full.)It’s 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.

    10. If you only want the items that we do not find of any value back, you have to pay 10.00 shipping and handling fee to have your own items returned, which varies. Although it is listed under the terms and conditions, this charge varies from a 10.00-15.00 charge to NO charge, reason being, UNSURE.

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  • #2
    Wow. I would have never guessed that a company that asks you to send in your gold through the mail and trust them to assess it's value would rip you off.
    Just try it once. One beer or one cigarette or one porno movie won't hurt. - Dallin H. Oaks

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    • #3
      Originally posted by BlueHair View Post
      Wow. I would have never guessed that a company that asks you to send in your gold through the mail and trust them to assess it's value would rip you off.
      If you can't trust them, who can you trust?

      Our society is crumbling around us!
      "I don't know the origin of said bitch booming."-Art Vandelay
      "Hot Lunch posted awhile back on this. He knows more than anyone except for maybe BO."-Seattle Ute

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      • #4
        I spent a good 40 minutes reading the links on those pages. Thanks for posting, but I didn't get my work done last night until 2 a.m.

        My friend who used to work for Dell had similar stories to the Credit Card workers. Everyone's a crook, I guess.
        "More crazy people to Provo go than to any other town in the state."
        -- Iron County Record. 23 August, 1912. (http://chroniclingamerica.loc.gov/lc...23/ed-1/seq-4/)

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        • #5
          Has anybody else taken gold jewelry to a place (usually pawn shops) to get appraised to sell? My wife had some old nick-nacks for which she thought she'd get a nice little sum ($200-$300). I think they offered $30.
          Give 'em Hell, Cougars!!!

          For all this His anger is not turned away, but His hand is stretched out still.

          Not long ago an obituary appeared in the Salt Lake Tribune that said the recently departed had "died doing what he enjoyed most—watching BYU lose."

          Comment


          • #6
            Originally posted by myboynoah View Post
            Has anybody else taken gold jewelry to a place (usually pawn shops) to get appraised to sell? My wife had some old nick-nacks for which she thought she'd get a nice little sum ($200-$300). I think they offered $30.
            Isn't the whole "used" business model predicated on buying back well under market value? See also, trading in a used car to a dealer, trading in used CDs to a music store, or selling used musical equipment at a pawn shop. You never seem to get anything close to the amount at which those retailers will then sell your item to the next customer.

            I wish it were more like making a charitable contribution to the Goodwill or DI. They just give you a blank receipt and you give yourself a fair-market trade-in value.
            Fitter. Happier. More Productive.

            sigpic

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            • #7
              Originally posted by TripletDaddy View Post
              Isn't the whole "used" business model predicated on buying back well under market value? See also, trading in a used car to a dealer, trading in used CDs to a music store, or selling used musical equipment at a pawn shop. You never seem to get anything close to the amount at which those retailers will then sell your item to the next customer.

              I wish it were more like making a charitable contribution to the Goodwill or DI. They just give you a blank receipt and you give yourself a fair-market trade-in value.
              That's why I'm not that sympathetic with people that get taken in by cash4gold. Do some homework folks and you'll see this for what it is.
              Give 'em Hell, Cougars!!!

              For all this His anger is not turned away, but His hand is stretched out still.

              Not long ago an obituary appeared in the Salt Lake Tribune that said the recently departed had "died doing what he enjoyed most—watching BYU lose."

              Comment

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