Fraud Warning for Online Shoppers in Auction Sites
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Fraud Warning for Online Shoppers in Auction Sites

Many people today are shopping online using their credit cards and perhaps you are one of them. There are fraud warnings for all online shoppers especially to those who love to visit auction or bidding sites. Auction sites are shopping sites where you can get cheaper products by winning the bid. The highest bidder will be the winner of this game. Every time you bid, you pay a certain amount. Thus, the more you bid, the more money you spent. Here are the fraud warnings for online shoppers in auction sites.

Many people today are shopping online using their credit cards and perhaps you are one of them. There are fraud warnings for all online shoppers especially to those who love to visit auction or bidding sites. Auction sites are shopping sites where you can get cheaper products by winning the bid. The highest bidder will be the winner of this game. Every time you bid, you pay a certain amount. Thus, the more you bid, the more money you spent. Here are the fraud warnings for online shoppers in auction sites.

Scammers Pretend as Sellers

What's the harm with this? They can get your credit card numbers once you check out the item. They may deliver the product or sometimes they don't. If they send it, you will only get a substandard product. All is left for you is to complain, take the long process of returning the product and too late for you to know that your credit card number were stolen only until you check your credit card statement online. The worst part is if you don't have it online and only rely on the hard copy you receive in a monthly basis. Getting your credit card number is just the first step of the game for these scammers. The game ends when they drained your entire credit limit.

Scammers Create Dummy Account 

Whether you are the seller or a bidder here, you can be scammed. If you are a seller, a scammer may pay you a check, of course if you allow it, and intentionally overstate the amount in check. Since you are concerned about your reputation and just an honest seller, you will refund the excess immediately without you knowing that the check has no sufficient funds until you finally presented it to the bank. If you are a bidder, scammers can pretend as one of the bidders too and will create a dummy account. They can both place a very low bid and then a highest bid using a different account name. They can even control when to drop the highest bid just to win the item. By doing this the price of the item goes up and you as a bidder will be tempted to spend more in bidding but the truth is you can never get the item.

Transact only with reputable online sites if you don't want to be scammed. But remember that scammers are very tricky and could pretend as a seller even in those well known online shopping or bidding sites. Take extra precautions to avoid fraud.

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