Home Based Internet Business For Sale - Ebay Scams - What's New?

Here is a sample of some of the current 2007 Ebay scams going around. Always be aware of what is going on within the auction world and protect yourself -- whether you are a seller or a buyer. Do not participate with your eyes closed, however, ebay is a great way to sell or buy products online, granted. On both the buyer and the seller side, ebay scams abound.

Buyer Side Scams

2) The seller will send a product not of the quality advertised. What happens- 1) they may never receive the product from the seller. He/she will agree to send money thru Western Union to purchase the product, so. That the buyer can not resist, the buyer find the product the seller is advertising to be so enticing and below cost. Western Union Scam -- The scammer states that they can only accept payment via Western Union.

Eversend money to a complete stranger via Western Union, rule of thumb: Never.

Fraudulent listings-auctions-- fraudulent auctions contains links that direct buyers to spoofed sites that attempt to phish their Ebay credentials.

The money is deposited directly into the seller's
overseas account. Where does the money go? When in fact it is not, this is where the scam gets interesting: the "Ebay trader" notation is the scammer's attempt to fool the buyer into thinking that this is truly a secure escrow account. They receive an email from the seller(scammer) that states to please send their payment via a wire transfer through an "Ebay trader", when a buyer states an interest in buying. The Fake Escrow Account - The scammer utilizes an email to purport the scam.

If you are wanting to buy:

1) Ask questions of the seller about the item

They will respond in 24 hours to tell you if it is real or fake. You can verify that the email is real by forwarding the email to spoof@ebay. 4)If seller accepts only cash or cash wire transfers -- do not bid on listing
5)Be cautious when consider escrow accounts
6) If you received an email that says it was sent by Ebay-verify, paypal is the safest way on Ebay. 2) Verify seller's contact information-before you submit money to seller
3)Make sure your method of payment offers protection.

When the Seller Is Scammed

Here are a sample of some of the scams sellers can encounter. And have things set up to protect yourself and your business, make sure you do a little research, for the newbie wanting to try their hand at Ebay selling, so. The seller can also be scammed.

Check or money order 1) Fake credit card,

You will be responsible for the chargeback charges, and the 2nd loss, you will not get the
product you sent to the buyer(1 loss); in most cases. The seller, but where will that leave you? The scammer is banking on the fact that you do not have enough proof that you sent the product -- giving them an out and the product. They will issue a chargeback, once the product has been received by the buyer, however. So good, so far. Will purchase the item, using their credit card, 2) Utilizing the chargeback feature - the buyer.

Rule of thumb -- make sure you keep accurate records and that you work with a delivery service that includes tracking numbers to verify the product was sent.

The seller is responsible for the chargeback charges, again. Orders a chargeback, in turn, the credit card company. But then the owner of the stolen credit card calls the credit card company stating that their credit card has been stolen, the scammer gets the product. 3) Stolen credit card - The scammer buys with a stolen credit card.

Both lose. This is bad for the legitimate seller and the buyer. 4) Ebay Account hijackers -- is where a scammer hijacks the account of a legitimate seller with a
good feedback record.

When you should back away from a deal, and thus, know the red flags, get the facts. Do not go blindly into it, whether you are a seller or a buyer, if you are wanting to try your hand on Ebay, to conclude.