Online Shopping and Auction Scams

The Ads that Attract Your Attention May Be a Sign of Online Shopping and Auction Scams

There’s no shortage of junk available to purchase online and whoever  is selling it wants you to buy it. Just like you should never judge a  book by its cover, never judge something that’s for sale online by the ad that attracted your attention. If you do you may very well wind up a victim of online shopping and auctions scams.

Online Shopping

Selling a cheap item for a high price is a scam as old as the hills. So, it stands to reason that no one who does that for a living is going to advertise it as an inferior product. If the ad contains a photo it  will be touched up. Or the photo may be of an entirely different product.   The description in the ad will make it sound like it’s an amazing find. The advertised price may say it’s “discounted” or a “sale.” It may also include other euphemisms like “one-time offer.” Many such ads even appear on quality web sites and reputable online classifieds. Therefore, don’t assume that the website’s pedigree protects you from becoming a victim of online shopping and auction scams.

In any event, should you fall for the scam, you will make your purchase using your credit card. Then you’ll wait seven-to-ten days until your purchase arrives. But when you open the package you discover that it’s just a piece of junk.  Assuming it really does arrive!

Sometimes it won’t because the scammers aren’t really selling  anything. Some publish ads even though they aren’t selling any overpriced junk. Instead, what they want is your name, your address and your and credit card number. Offering you a bargain that’s hard to resist is the most likely way they can get what they’re really after. Identity theft. Once they have your personal information they use your card to rip  you off even more.

How can you check in advance if it’s a scam? First, beware of a  Gmail, Yahoo, Hotmail or other generic email address. If it’s a real  company it will have its own dedicated domain and web site. Second,  search for the company on the web.  If you can’t find it, consider it a  scam.

Online Auctions

While there are plenty of legitimate online auctions, scams exist as well.  There are two types of them, traditional and shill bidding.

In a traditional online auction scam, the scammer will call you out of the blue. Ostensibly, the call is to notify you that you have a second chance to  buy an item that you previously bid on. The scammer will tell you that’s because the winner declined it, did not pay for it or was otherwise disqualified. In all  likelihood, he’ll also claim to be calling on behalf of a legitimate auction site in order to cover his tracks.

But how does the scammer know you submitted a bid? He doesn’t. He’s winging it, hoping that you won’t remember. If you insist that you  didn’t, he’ll tell you that someone else (maybe your spouse, parent or  even a friendly neighbor) must have done so in your name as a gesture.  If he convinces you, he’ll explain how to obtain the car or refrigerator or whatever it is that you’ve won. But you won’t be able to  pay using the auction site’s secure payment page. The the software , so he’ll say, only recognizes the name of the original winner. So, you give him your  credit or debit card number, pay through PayPal or send a bank wire. The scammer makes off with your money and the merchandise, of course, never arrives.

Shill bidding is used by legitimate online auction sites that open up bids on a specific item for a very limited time period. Once you start  bidding you’ll notice that someone else is competing against you, raising the ante. Every time you raise your bid the same competitor will raise his until you finally reach the price that the online  merchant really wants. Shill bidding is illegal in many jurisdictions, including in the United States and the European Union. It is prohibited by eBay and many other popular auction sites.

If you think you’ve been the victim of an online shopping or auction scam, contact the fund recovery experts at MyChargeBack.

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