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This is what a scalper looks like..

Discussion in 'Graphics Cards' started by Robi_uk, 31 Mar 2021.

  1. Odirse

    Gangster

    Joined: 3 Dec 2020

    Posts: 108

    You sell 2x the GPUs shown above, and you'll likely have to register. Pretty sure the guy is not gonna stop once he sells these... and I'm sure he has already sold a few before. Not to mention capital tax anyway, even if you are selling just a few of them, and as second hand items. You want to pretend all that is legal, ok, it doesn't matter to me really, but it is not legal even.
     
  2. The Voice

    Associate

    Joined: 25 Apr 2017

    Posts: 40

    Location: London

    And VAT would've been paid when they bought the items originally. Can't charge VAT + VAT, unless I'm mistaken.
     
  3. pp111

    Wise Guy

    Joined: 22 Oct 2018

    Posts: 2,313

    Once you become VAT registered ( and you only have to if you sell above a certain amount ~ £80,000 ) then you can both claim back VAT on purchases and you must charge VAT on sales. Problem is that if you buy from a non registered entity then you cant claim it back so if you are registered there are times when you do have to charge VAT + VAT because you bought from say someone on ebay.
     
  4. CuriousTomCat

    Wise Guy

    Joined: 22 Nov 2018

    Posts: 1,784

    If scalpers are buying multiple FE cards when the limit is one per person then that's something I strongly disagree with.
     
  5. Rusky

    Associate

    Joined: 7 Apr 2021

    Posts: 15

    I'm amazed that anybody can truly defend any part of what scalpers do. I'm equally amazed that anybody would sacrifice their consumer rights and buy from them. I don't like the high shop prices, but at least I would be protected if I were to miraculously be able to buy from them.
     
  6. Surveyor

    Capodecina

    Joined: 5 Sep 2010

    Posts: 23,823

    Are clothes and foorwear for children essential items but the adult versions "non-essential, luxury items"?
     
  7. SkodaMart

    Mobster

    Joined: 27 Jul 2009

    Posts: 4,178

    Location: Manchester

    Car dealers have been ‘scalping’ for years.
    Something is worth what someone is willing to pay.
    Don’t buy it, the market wouldn’t exist.
     
  8. Dicehunter

    Capodecina

    Joined: 19 Feb 2007

    Posts: 11,452

    Location: Milkyway Galaxy

    I don't blame the scalpers, They are using the open market, It's the simpletons that enable them that are the real problem especially for long term pricing, Manufacturers will see this and think -

    "Oh... people are willing to pay xxxx amount, Let's put up our MSRP"


    That's the way it's headed and that is something that could wreak havoc throughout multiple industries as people will be less inclined to part with their hard earned money once they see these items going up and up and up at that point much like myself people will think "Do I really need this in my life?" and the 'overwhelming answer is no.
     
    Last edited: 22 Apr 2021
  9. luismenendez

    Hitman

    Joined: 11 Dec 2005

    Posts: 963

    Location: Brighton

    OC UK has the 2060 super for sale now for 649 quid! I might buy 3 lol
     
  10. pp111

    Wise Guy

    Joined: 22 Oct 2018

    Posts: 2,313

    Agree on both counts.
    Product support is extremely important. Sure, most of the time you will buy a product it will fine and there will be no issues for years, but the one in a hundred products that fail, you are royally screwed if you bought it from some scalper on ebay. To spend over £1000 and take that risk is pure insanity to my mind.
     
  11. luismenendez

    Hitman

    Joined: 11 Dec 2005

    Posts: 963

    Location: Brighton

    or desperation ;)
     
  12. denigor777

    Gangster

    Joined: 3 Mar 2015

    Posts: 357

    Location: Wokingham

    Not if you didn't set out with that intention, then no. But, if you take advantage of another human being for your own gain, just because you are able to, and without adding any value to them, then that's bad.

    It's not illegal, but it's immoral. Sone people don't care how much they screw over other people to benifit themselves. Taking advantage of another humans' stupidity to line ones' own pocket is ancient news. But it's never been the right thing to do.
     
  13. denigor777

    Gangster

    Joined: 3 Mar 2015

    Posts: 357

    Location: Wokingham

    Surely VAT only has to be paid once. If this seller is buying and re-selling then the product VAT was already paid.

    Now, what they could do is say "This card is £500, and the service charge is £600 to cover my cists to list snd supply this". Then it's reasible that VAT should be paid on that £600 as it's 'new'.
     
  14. CuriousTomCat

    Wise Guy

    Joined: 22 Nov 2018

    Posts: 1,784

    I agree 100% with your post. If I fixed a computer for a customer and charged £1500 instead of £80, then that is taking advantage of another human being because they would feel that they had to pay it. Or if I fixed a garage flat roof and charged £10,000 etc. Those kinds of acts should warrant a prison sentence because the customer is being forced into a corner.

    However, where graphics cards are concerned, the scalper isn`t demanding money. The customer is choosing. Its 100% freewill. The customer knows 100% that the MSRP is £649 or whatever. I doubt anybody is actually tricked/coned into thinking £1800 is the MSRP.

    The only thing that annoys me about scalpers is if they break a "one per customer" rule or "one per household" that some retailers have.
     
  15. chanjy

    Mobster

    Joined: 14 Dec 2003

    Posts: 4,671

    Check the law on wasting chattels and CGT

    We can hate scalpers but unfortunately it's legal and there is no CGT to pay
     
  16. Odirse

    Gangster

    Joined: 3 Dec 2020

    Posts: 108

    What would you think about people who are reselling by dozens atm if you were the CEO, or a worker of a well known high street shop which makes business by buying and selling second hand electronic products? Let's be serious, these people pay no taxes, at all. And to think anything else is to deceive yourself, or just trying to defend an illegit business for whatever the reason.

    This well known shop has to buy a GPU from a customer, lets say a 3070. they are paying 816 pounds atm. I don't know if they make you prove that the GPU is actually yours, or you have to give them proof of purchase or whatsoever, but I think it wouldn't be rare if they had to charge for VAT again on this card really, how to prove VAT has already been paid? Then they will have to pay taxes, of course: Capital gains, corporation tax... whatever, you name it. You have a local, so you pay rent for it, and don't forget your employees, insurance... they are selling this card for 960£, so with a difference of 144£ in the buy-sell price, they are still making money. How much do you think they can actually make for each card? 25-50-75...100£? And don't forget they still have and do offer you warranty. Or that they are legally obliged to things like accept refunds the first days etc...

    Do you think it is fair that people buy them for 700-750, or even 470£ for a FE, by abusing the system and no adhering to the rules retailers are imposing, just to sell them at 1100£? 630£ of benefit, nothing to pay, no obligations. Scalpers are doing unfair competitions even to retailers atm, and ******* the rest of us up on the way. That is my opinion at least, of course other people will have different ones... I am curious what you would think if someone decided to buy all the petrol from the petrol station and you had to decide between not buying petrol in 6 months at all, or having to pay 10 quid per litre... a free market, after all.
     
  17. Odirse

    Gangster

    Joined: 3 Dec 2020

    Posts: 108

    Yeah ok, as I said on the post above... what would you think if you were the CEO of the well-known red shop, or worked there? They are taking part of your market, after all... In any case, just because something is legal, doesn't mean is by any means ethically correct.
     
  18. subbytna

    Capodecina

    Joined: 22 Oct 2008

    Posts: 10,036

    Location: Belfast

    This person has the cash to buy these up front so they have been scalping for a long time to get the funds to buy these cards outright at the start.
     
  19. StephenJ

    Gangster

    Joined: 29 Mar 2021

    Posts: 192

    this looks to be around 100% markup on msrp ?, so quite a upfront cost and proof that scalping is a massive issue, i would say on par with mining
     
  20. denigor777

    Gangster

    Joined: 3 Mar 2015

    Posts: 357

    Location: Wokingham

    I think you got me wrong. I think scalpers are Scum, and I wont defend them. But Im also interested in getting the details right about tax I prefer to attack scalping on genuine information, not misinformation about VAT