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Banking and Finance  » How Are Con Artists Stealing Money From eBay Buyers? Case I

How Are Con Artists Stealing Money From eBay Buyers? Case I

Someone is using another person as a middleman.

Just imagine: you want to buy a fast and modern laptop but you

see that in retail stores and internet superstores it costs tons

of money. Where will you go? Right! You will connect to

Internet; start your favorite browser and type "www.ebay.com".

You find a laptop there and you like a price, you think: "Okay.

It's very good deal! I will win this auction!" And you win.

You write to a seller and ask him how to pay. The seller is

reply that you should send a money order to him/her. Then you

send the money order and... nothing. You try to contact with the

seller, but nobody replies on your messages.

You use eBay to get seller's information. What a hell!? I sent

the money to another person!!! You call to the seller and find

that he doesn't know what eBay is. Someone used his credit card

to signup.

You find a phone number of a person who had received your money

order. You call to her and learn that she is just receiving

money orders on behalf of an overseas company.

She doesn't know what eBay is also. Heck! You want your money

back! But it's very problematic...

As I know it's impossible!

What do you learn from it?

Before bidding on an auction: - Look at the payments part of a

page. If a seller accepts money orders and cashiers' checks only

when it's a 95% scam. Feedback means almost nothing. I will

explain it later.

- Ask a seller for his/her phone number and make a call to be

sure that the seller is real person who is selling an item.

- If a seller is refused or avoiding to contact you via the

phone ask for the eBay escrow service. Use eBay escrow only! Do

not trust other companies.

- If you are paying a seller by http://www.PayPal.com always

check that a seller name the same as on eBay. If different it's

95% scam.

- If you reached a seller by a phone and negotiated with him

about a payment method you can bid on the auction safely.

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Some advanced knowledge:

I said early that feedback means nothing. Why?

Because some scam artists are buying eBay accounts with a high

feedback rating.

They are buying it from hackers who overtake legal users'

accounts and inactive for a long time period accounts. It's also

true for PayPal accounts.

And why you should trust eBay escrow services only? Because

rippers are running bogus escrow sites and try to rip you off.

Theirs site looks very fine. You will see a professional design

and great domain name. But... it's only fake, intended to take

your money and run.

Very often such services tell you to transfer money to an

overseas bank account or e-gold account.

Remember that a big part of scam artists simply don't do the

next step if you will ask for the eBay escrow or phone call. I

know it, because I'm the retired ripper.

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