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Bankruptcy InformationHow To Avoid Being A Victim Of Ebay Buyer’s Fraud.
by:
Kirsten Hawkins
From everything you’ve detected
simply about the risk of fraud on eBay, you strength
think it’s only buyers effort scammed – but you couldn’t be much wrong. Here are a few common scams that sellers fall for every day.
The Rubber Cheque.
This one manifestly isn’t limited to eBay – it’s been going on for years in all kinds of business. It works like this: a client sends you a cheque that they don’t have the funds to cover and you pay it in your bank. You then send the goods right away, only to find out a few days later that the cheque bounced.
The resolution to this is simple: don’t send thing
to a client until their payment has cleared, no matter how quickly they strength
say they need it. Advise them to pay electronically if they don’t want to wait so long for their items. Then again, if your items are quite small, you could simply take the loss from an occasional bounced cheque. Think of it as a small cost to pay for quicker
and better client service.
‘I Ne'er
Bought Anything!’
This is one of the riskiest scams to fall victim to. In this case, the credit card’s real owner still has control over it – no-one has purloined their details. They have realised, however, that they can phone up the bank who issued their card to say that it’s being used fraudulently and they ne'er
bought any such thing, and the bank wish often reverse the group action
without even as investigating. The only way to beat this scam is to do all your sales through eBay, as they support a record of transactions.
The Unofficial
Address.
It is quite easy to steal PayPal accounts from inexperienced users: all you need, after all, is their email address and password. PayPal tries to protect against credit cards registered on purloined accounts being used to buy things by listing a ‘confirmed address’ for each client – an address that matches what is registered with their credit card issuer.
What many an scammers wish do is ask you to ship to a some address – unless you’re really sure of them, this is a bad idea, as they could be trying to commit credit card fraud. Be especially suspicious of anyone who wants to pay a higher cost and get nightlong shipping, especially if not even as to the same country as the confirmed address. The fraudster is trying to do sure the item reaches them before they are discovered.
It’s up to you to take responsibility for fraud on PayPal, as eBay’s favourite way to refund dishonourable payments to their rightful owner is to simply reverse it from you! This is considered an activity
risk of PayPal usage, and sellers who get burned severely sometimes go as far as moving to a rival electronic payment service. See http://www.nopaypal.com for more.
In the next email, we’ll take a closer look at PayPal, and ask: should it be the only kind of payment you accept?
Just simply about the author:
Kirsten Hawkins is an Ebay and net
auction enthusiast from Nashville, TN. Visit http://www.auctionseller411.com/for much great tips on how to do the most from Ebay and else online auctions.
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