A man walked into a mobile phone shop in Wenzhou city, in China's Zheijiang province, and wanted to buy some iPhone 5S models.
But his mode of payment shocked the shop owner, Hong Kong daily South China Morning Post reported.
The man, who was not named, paid for the phones with huge bundles of five yuan (S$1) notes.
According to local news website Zhejiang Online, on Sept 13, the middle-aged man entered the shop and inquired about buying five gold iPhone 5s models.
After negotiating for some time, the man and the shopkeeper, surnamed Xu, agreed upon a bulk price of 20,000 yuan for the five phones.
The man left the shop and soon returned with three large sacks.
Mr Xu said he was "shocked" when the man "poured bundles and bundles of money, all five yuan notes".
The man told the shop owner that each bundle contained 500 yuan worth of bills and counted out 40 to cover the cost of the phones.
"I've had this shop for more than 20 years and I've never encountered such a thing," Mr Xu was quoted as saying.
He was a bit puzzled, but agreed to take the bundles anyway after making sure that they were not fakes, the report said.
The staff at the shop were reportedly laughing at the crazy situation of piles of cash lying on the shop tables.
They began snapping photos.
Even though he got the money, Mr Xu decided to take it to a local bank for one final round of checks.
There, he realised that he had been conned, the report said.
The bank took about two hours to count the cash. And Mr Xu soon realised to his dismay that the bundles contained only 10,000 yuan worth of bills.
Which means he was cheated of half of the value of the phones.
This comes after Chinese consumers were left disappointed by Apple's apparent decision to overlook China for the launch of the iPhone 6 and iPhone 6 Plus.
The new models will be available in 10 countries including Singapore and Hong Kong from Friday.
This article was first published on Sep 17, 2014.
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