Wise buyer tricks wise buying avoid scams and do if one oc

Gemma Did you know that roughly 1 in 10 eBay listings are estimated to be either a scam or potentially fraudulent? Being aware of some of the frequent scams is a great way to lower the chance of it happening.

Boat Reviews Avoiding Buying and Selling Scams Many of the scams we see today are variations on old tricks that have been around for decades. The three that follow are currently in wide use. Counterfeit Cashier's Check or Money Order A bogus buyer will contact you with an email, offering to send a cashier's check or bank draft for the full asking price if you provide your contact information.

The buyer will ask you to deposit the funds and send some portion of the money to someone else, often a phony shipping company. Unfortunately, the check is counterfeit, and you'll be out the money you sent. PayPal Variation The phony buyer will ask for your PayPal ID in order to send you a payment, again for substantially more than the purchase price.

Shortly after that, you will receive a fake confirmation from PayPal with your user ID for more than the agreed purchase price, and the buyer will contact you asking you to send the extra money to a shipper.

Wise buyer tricks wise buying avoid scams and do if one oc

Again, you'll lose whatever you've sent. Escrow Scam When you try to buy a boat, the seller will suggest using an escrow service and recommend something that sounds legitimate like Escrowprotect. But the realistic-looking website is the center of the scam: Once you transfer your money, you won't hear anything more about the boat, or the seller, ever again.

Email Fraud Nearly all scams involve emails, and they often contain clues to alert you. Any one of the following is a warning, and two or three together should put you on high alert and make you proceed with extreme caution.

No reference to what is being sold. Scammers create a generic email to send to thousands of people, so they tend to use general language that could apply to anything.

Poor grammar and language use. Internet scams usually originate from outside the country, and the language often appears like it wasn't written by a native English speaker. Scammers will go to great lengths not to talk to you and give reasons ranging from being out of the country to being in the military.

Scammers constantly change their email addresses to avoid detection, and they may have to get ones with fairly normal-looking names but lots of numbers.

Rolling a Car They Know You Can't Finance

No interest in seeing the boat or haggling over the price. Whether buying or selling, scammers are amazingly unconcerned about the price of the boat. And if buying, they'll often say they accept the boat "as is," won't mention a survey or inspection, and won't hold you responsible for its condition.

Anyone willing to buy a boat sight unseen after a few emails should be regarded with suspicion — and if they're also not concerned about price, it's a good bet you're being scammed.

If you're considering buying a boat, scammers will price the boat cheaply, but despite a plethora of pictures and a good description likely swiped from a real adthe boat doesn't even exist. If a boat you're seriously interested in is out of state, send a local accredited marine surveyor or someone you trust to verify there really is a boat and that the seller has the actual title and registration.

Once you're satisfied that the boat is real and paperwork legit, you can arrange for a survey and proceed from there. Demands to use a specific business escrow or shipper and won't accept alternate. If you chose to use an escrow service to settle the transaction, suggest your own after visiting the BBB site and verifying it's a legitimate one.

Wants to pay a different amount from the selling price. If any mention is made of paying you anything more than the agreed price, walk away. Changing names and locations in emails.

It can be difficult to keep the details straight when scammers are working multiple scams. If the person doesn't remember who or where he is supposed to be, or exactly what he's buying, you're being scammed.

If there's no interest in discussing titling the vessel or in verifying the registration information or hull-identification number, they have no real interest in the transaction.

Wise buyer tricks wise buying avoid scams and do if one oc

Spelling and punctuation errors. Many scam emails have spelling and punctuation errors.At some point, the buyer will tell you that he/she must send you the check for significantly more than the purchase price and give you one of a number of bogus reasons why this is necessary.

The buyer will ask you to deposit the funds and send some portion of the money to someone else, often a . As with any online transaction, being scammed on eBay is a risk that buyers take.

Being asked to contact the seller before making a bid or purchasing steeply discounted items that are actually counterfeits are some ways scammers target buyers. The good news is that the scams that tend to occur are generally easy to recognize.

Common eBay scams and how to avoid them Buying and selling on eBay can be great, but it can also be fraught with risk. Here are some of the most common eBay scams and how they can be avoided. The gist of it is that the buyer wants a certain car or a certain price that the dealer doesn't have or can't match.

At the same time, the buyer says that they're not ready to buy at the moment. The Worst Mistakes. made by Home-Sellers. and the good news. The Solutions! CONDITIONING IS ONE OF THE CRUELEST REAL ESTATES TRICKS. It has one purpose: to convince sellers to lower their prices so that their homes can be easily sold, thus ensuring that the agents get paid.

Buyers do not buy because of advertising. They buy. What problems can arise and how to avoid these problems and B.

What to do under the circumstances. This text is useful information to those who want to become a wise buyer. Even if you are a wise .

9 Worst Scams by Fraudulent Buyers on eBay and How to Avoid Them – eBay Business Guide