Complaint Review: Ryobi - Nationwide

A week ago I was offered a position as a billing and accounts receivable position. I signed a lengthy contract with Ryobi Limited. I do not know how he got my email. The contract was long and business-like. It looks like the real thing. I do not know if it is. Today I received this in the email today from Owen Law: Duties as a billing and Receivable Specialist: Ryobi 14 in. 37cc 2-Cycle Gas Chainsaw, with a drawing of chainsaw. Price $983.00 Below is guidelines: Processing Instruction (7 simple steps): 1. You will receive funds via USPS from our client; this payment has been sent in the form of check. (The funds are for products that have already been delivered to our customer; an overview of the products that have been delivered) The check should be delivered to your address within 3 to 7 working days. 2. Deposit and receive cash funds for the checks. 3. Deduct expenses. (Bank Fees, Transportation Expenses, REloadit pack costs) All the fees you encounter in the process of transferring a payment you receive should be deducted from the payment itself. Your final report on the payment should include a summary of these expenses: Bank Fees: (Your bank charges a fee to process a check the amount you were charged should be placed here) Transportation Expenses: (You may use your car, a bus sometimes even a train to get to your bank or to a REloadit location, sometimes multiple REloadit locations will need to be visited in order to complete the transfer, please add all the costs and inform us about them here: Beginning on Jan. 1, 2018, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 54.5 cents per mile for business miles driven, up one cent from the rate of 2017. 4. Deduct your Cash Bonus for this payment ($100.00). TIP As stipulated in the agreement please review again this For each payment received on behalf of the Company, the Company's subsidiaries, the company's dealers and partners or any such entity as determined by the company and successfully transferred to the Company, the Company shall pay the Employee a minimum Cash Bonus of 50.00 US Dollars; the Cash Bonus cannot exceed the amount of 200.00 US Dollars for any one payment transferred. The compensation specified in this subsection (b), together with any such compensation modifications in that the Company may make from time to time, is referred to this Agreement as the "Cash Bonus". 5. Purchase REloadit packs for the remaining amount. (Picture of this product available below) For internal company transfers we use a service called REloadit. (Method of electronic funds transfer offered to companies) 6. Provide a report containing the 10 digit Scratch OFF PIN for REloadit pack purchased and any expenses incurred. (Picture of the REloadit pack Scratch OFF PIN available below) Attach to your report any and all receipts received in the process. DO NOT ADD THE RELOAD IT PACKS YOU PURCHASED TO A RELOAD IT SAFE NEWLY HIRED EMPLOYEES ARE DOING THE SAME ERROR; ADDING THE PACKS TO RELOADIT SAFE WEBSITE DO NOT BUY PREPAID CARDS 7. Attach to your report any and all receipts received in the process. How to find REloadit packs near your location: Use the link below to locate the nearest REloadit pack retailer: https://www.reloadit.com/StoreLocator A Reloadit pack can be purchased at thousands of stores nationwide, including major retailers. Quick Note: Please be aware that some locations may not be mentioned in the Store Location link we provided you with, but, that does not mean that REloadit Packs are not sold near you. Most major store chains around the US carry this product, therefore stores such as Homeland, Acme , Ahold , Kmart , Giant Eagle , Kroger , Safeway , Lucky’s, Home Depot, Office Depot ETC, may be able to provide you with the REloadit packs you need to complete the transfer. As stated above your report needs to include the REloadit pack information. This report needs to be provided to me via email. The REloadit pack information is to look like this: PAYMENT PROCESSING REPORT Invoice #17930 – $983.00 Payment Received: MM/DD/YYYY Payment Deposited: MM/DD/YYYY Funds Released: MM/DD/YYYY Travel expenses - $10.10 Cash bonus - $100.00 REloadit - 2 x $3.95 Amount sent: $865.00 REloadit Pack Scratch-Off PIN 1: xxx-xxx-xxxx / Amount loaded on pack: $400.00 REloadit Pack Scratch-Off PIN 2: xxx-xxx-xxxx / Amount loaded on pack: $465.00 Rules, Regulations and Tips Banks and Credit Unions across the U.S. are allowed to create their own internal rules, this means that the time between the moment you deposit a check and the time you are allowed access to the funds from that heck can differ from institution to institution, but federal law establishes a maximum length of time a Bank or Credit Union can make you wait. TIP: Always ask your financial institution on how long they plan to hold the check for when depositing a payment from one your client accounts. Federal Law (Currency and Foreign Transactions Reporting Act) requires all financial institutions on US soil to report transactions of $10,000.00 or more to the US government. This act also requires financial institutions in inquire as to what the source of the funds is if the transaction is over $10,000.00. TIP: In your case, the deposit of the check for #17930 (totaling $983.00) should be smooth and no questions should be asked. If the bank asks you where the checks are from the best reply would be that you received them from clients and that you own a business. They have no reason or authority to pry into this matter. (The answer stated above will help you cash any check in a shorter amount of time). TIP: Banks and other financial institutions record the financial behavior of their clients. This means that a person that does not receive check payments often or does not utilize paper or electronic checks will have to wait a longer period of time to cash a check payment. After a few check payments have been through the banking process the whole verification process will be run in a shorter period of time.