Business People Club

The Warning signs of Online Fraud and How to avoid it

0 like 0 dislike
361 views
by Dragonig
The number may seem grim for Web-based commerce. In 2004 in the Unites States alone, computer users logged in more than 207,000 Internet fraud reports to the U.S. Internet Crime Complaint Center. If you look hard at this number, you may be astounded, and a good bit frightened, by the implication. You may ask, “Is it really safe to buy and sell at an online site?”

Put simply, the answer is: yes. The Internet is an incredibly powerful tool for business, so you can’t pass it over just because of a few crooks and conmen—even if they do seem like they’re behind every pop-up window and banner ad. The truth is that you can create opportunity and make more money online than you could lose in fraud.

Better yet, you could lose absolutely nothing if you know the warning signs of fraud and the tricks to avoid danger during your Web-based business dealings.

Whether you’re looking to buy or sell goods online, the first—and the best—way to fight fraud is prevention. There are certain warning signs to watch for, which should set off a chorus of alarms and flashing red lights in your head. Don’t do business with this person! For buyers, these potential warning signs can be when a seller:

• asks you to pay through non-traceable avenues, such as Western Union or MoneyGram, or a third party, or via an overseas address. You should ask yourself—and the seller—why he or she won’t accept payment options that are traceable and convenient for you.

• posts an image on his auction or classified ad that’s obviously from an outside source. Sometimes these images may not even match the type of item, let alone the brand, that the ad features.

• sells a typically expensive item at cut-rate prices, which is a good indicator that it could be counterfeit.

• refuses to provide tracking numbers when you purchase an item. Tracking numbers are another way to trace a valid transaction.

• offers only excuses, instead of help, when your purchased item doesn’t arrive at your doorstep.

If you’re a seller, you ought to be wary of signs of a suspicious buyer, such as when a buyer:

• asks to pay only some of the fee, offering to the pay the rest sometime in the future. This is the old excuse from Popeye’s friend Wimpy, who always could be heard saying, “I'll gladly pay you Tuesday for a hamburger today.” Wimpy never paid Tuesday.

• sends you a cashier’s check for more money than the agreed price “by mistake.” In this scam, the buyer then asks you to repay him the difference by personal check, wire transfer, or money order—before you find out that the cashier’s check didn’t clear. Believe it or not, this scheme works because cashier’s checks can be cashed before they bounce.

• sends you a cashier’s check for the correct amount of money but then demands a refund, requesting that you repay with your own money. See the scheme above for how this trick works.

These warning signs, of course, are only for a handful of the frauds and scams out there. Conmen are good at what they do, trying to separate you from your money. That’s why it’s best to always follow these golden rules of online commerce whenever buying or selling on an Internet auction or classified site.

Keep your common sense. No matter how good a deal seems, or how much clients say they want to pay, always remember the old adage: “If it sounds too good to be true….”

Do your business locally. Try to buy and sell from your neighbors as much as possible. It’s safer, more convenient, and better for your local economy. What’s more, it saves you the trouble of dealing with foreign vendors and buyers. Though they may be legit, dealing with them can be complicated because of different legal systems and customs, which can make any conflict difficult.

Seal the deal with plastic. Paying for items with credit cards, and allowing your customers to charge for purchases, is a great all-around business decision. Under U.S. law, all plastic purchases are protected from fraud and allowed to be disputed in case of problems.

Meet at the middle man. Intermediary services are virtual middle men that protect both buyers and sellers from cyber shysters. Services like Escrow act as a holding pen for both payment and sale items until both the buyer and seller are content. Only then will Escrow finish a transaction.

Purchase with PayPal. As Escrow and credit cards do, PayPal guards against fraud for both buyers and sellers. It’s a secure and reliable way to transfer money over the Internet. No wonder PayPal is the most popular online money transfer service.

As you can see, the odds are actually in your favor when it comes to doing business on online classified or auction sites. The resource of the internet is far too valuable than to be taken away by a few crooks and conmen. It simply comes down to being smart, sensible, and observant whenever buying or selling on the Web. Then again, that’s what all good business is about, whether you’re doing it in a mall or on the information superhighway.

Your comment

Your name to display :
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

Related posts

0 like 0 dislike
0 comments 265 views
Scams: How to identify and avoid - List of the most known ,including Ebay Scams

Telephone lottery scams: These include the Canadian lottery scam and the El Gordo Spanish lottery scam, which deceptively uses the name of a genuine lottery. People respond to an unsolicited mailing or telephone call telling them they are being entered into a prize draw. They then receive a telephone call congratulating them on ... for every purchase. If it's too good to be true- IT IS. No free cheese in this world other than for your pets :)

image
by TrainedGuy
0 like 0 dislike
0 comments 254 views
Problems With Spam? Learn How To Treat It

The first step in your antispam campaign may well be to understand spam and how it works. Spam is usually defined as unsolicited e-mail that is delivered in bulk. It has become so prevalent because it's cheap, reaches the greatest number of folks in the least amount of time, and because it's unregulated. In the U ... service. "Sign up with us, they say, and we'll add you to an antispam list." Wrong! They're spammers and you're now on their list.

by AmazingKitty
0 like 0 dislike
0 comments 1,134 views
Avoiding Online Paid Surveys Scams

The bottom line is, if the hype for online paid surveys sounds too good to be true, it likely is. That's the safest way to screen out "offers" that hype big rewards for small investments of time or money. Don't be fooled by: Testimonials - Ropers and shills typically write these for scams, not ... legitimate job. There are some warning flags. In addition, there are sites that can help you determine what's a real work at home job and what isn't.

by MagicalCyborg
0 like 0 dislike
0 comments 359 views
Here Are Some Tips to Avoid Telephone Fraud

Fraudulent schemes range from peddling water purifiers, vitamins, and make-up kits to stock investments and abusive "900" numbers. According to the Alliance Against Fraud in Telemarketing (AAFT), Americans lose an estimated $40 billion each year to telemarketing fraud. Con artists and swindlers use the ... defense is yourself. Follow some basic rules, and arm yourself with the tools to safeguard your hard-earned money from telephone con artists.

by VoyageHooper
0 like 0 dislike
0 comments 95 views
Avoid scams and concentrate on real $$$

As a self-proclaimed skeptic looking for a REAL way to make honest $ on the internet, it took a long time to find something I felt was worth investigating. I have checked out many sites, trying to compare potential with time and $ required to make them work. All I wanted was something ... to work, listing unbiased strengths and weaknesses of each. I encourage you to look at this comparison if you are considering the Internet as an income source.

by MagicalCyborg
0 like 0 dislike
1 Comment 303 views
0 like 0 dislike
1 Comment 280 views
How to avoid identity theft?

How to protect my identity from thieves?

by CandidApricot
0 like 0 dislike
0 comments 79 views
How to Avoid eBay Scams and Fraud

Countless people have been scammed and defrauded on eBay. eBay is a fun place to bid on items and to sell items - but you must know how to recognize a scam, and how to avoid them, them or you quickly join the ranks of those who have lost their money to eBay scams. Of course, if you are ... should run smoothly. Report suspicious activity to eBay, and if a deal doesn't feel right, simply back away from it and move on to the next auction.

by PositiveVoid
0 like 0 dislike
1 Comment 325 views
How to protect yourself online?

How to protect yourself online?

by FlamboyantChomper
0 like 0 dislike
1 Comment 1,333 views
0 like 0 dislike
1 Comment 250 views
How to back up and secure my digital items?

How to protect and backup my digital life?

by TwinNut
0 like 0 dislike
0 comments 967 views
Avoiding the Scams: How to Find a Business Opportunity That is Right for You

It is heartbreaking to me that so many women with big dreams get knocked down by ruthless business opportunists who take advantage of a woman's passion and trusting nature by offering bogus business opportunities. Don't get me wrong, it happens to men too; it just really frustrates me ... simple steps in generating your very own, unique business ideas, you will definitely find a business opportunity that will be both fulfilling and profitable.

by Finderpros
0 like 0 dislike
1 Comment 363 views
What's the Difference Between Solicitors and Barristers?

What's the Difference Between Solicitors and Barristers?

by SilentTrooper
0 like 0 dislike
1 Comment 286 views
How Adware And Spyware Can Harm Your Computer ?

How Adware And Spyware Can Harm Your Computer?

by DopeyPotato
0 like 0 dislike
0 comments 648 views
Avoid the Hassles of Online Business Start-up with a Turn Key, Automated Home Based Business

Many people want to start a home business, but never do because of the hassles and start-up costs. As with any new business, a home based business can have unforeseen expenses and problems. There's also usually a waiting period of at least a year before profits can be realized. But with a turn ... the hassles of starting a business, then a turn key, automated home based business may be just the right choice for you to realize wealth from home.

by UncleRhino
0 like 0 dislike
0 comments 275 views
Disaster Preparedness For Your Small Business: How To "Weather" Any Storm

In the event of a potential disaster, do you have a business continuity plan for your employees and your business? Are you backing up files on a routine basis, and could you recover them in an emergency? On average, nearly 60 percent of businesses damaged in a disaster close after a year, according to ... Periodically review the data being stored on any back-up systems to ensure that the right data is being copied and that it can be restored.

image
by MagicalCyborg
0 like 0 dislike
1 Comment 451 views
is my computer really safe? how to find out?

is my computer really safe? What should i know?

by HistoryYak
0 like 0 dislike
1 Comment 289 views
How to protect yourself when using public pc?

How to protect yourself when using public pc?

by Dragonig
0 like 0 dislike
1 Comment 267 views
How to know if my identity has been stolen?

How to know if my identity has been stolen?

by Sumogre
0 like 0 dislike
1 Comment 251 views
How to protect my customers?

As a business owner how should i protect my customers?

by Octopuppy
0 like 0 dislike
1 Comment 260 views
How to know if my computer is really safe?

Tips to find out weather my computer is safe?

by Richard S.
0 like 0 dislike
1 Comment 368 views
How to protect my computer from viruses?

What are the ways to protect my computer from viruses?

by GardenParrot
0 like 0 dislike
0 comments 200 views
Avoiding Online Money Making Scams

I'm sure that if you are reading this, then you are interested in making money over the internet. you are probabally wondering how much money you can make, what is the fastest way to do it, and what is the easiest way to make money online. Most people dream of a job that they can do at home, ... you may find people with more information, it takes minimal time and is well worth the time it takes. Remember, a little bit of homework goes a long way.

by FrighteningTwinkles
0 like 0 dislike
0 comments 60 views
How To Make Your Family And Friends Your Investors - Minimizing The Risks Of Personal Loans

Most people don't realize that over half the businesses in America are financed by money from family and friends. The truth is everyone relies on their circles when they have nowhere else to go. Someone with mediocre credit may have a difficult time getting a start-up loan from a bank, but Mom and Dad will always help out ... 'll be out of town and forget, or be late with, a payment. Says Advani, It's a great way to not find yourself in a hole.

by Amigod
0 like 0 dislike
0 comments 335 views
The Pros and Cons of Online Commerce

As the Internet comes of age more and more people and buying goods online. This has becoming a growing trend that looks like it will continue to grow. But what are the pros and cons of buying goods online? There are several things to consider. Let's start with the pros. As competition for ... many traps that are waiting for consumers out there. The best protection is education on the part of the consumer to be able to pick up potential scams.

by HarmlessRose
0 like 0 dislike
0 comments 268 views
In Case of Disaster, Save Copies of Vital Documents

The impact of disasters like last year's Gulf Coast hurricanes is often long-term. As victims try to put their lives back in order, they frequently face the challenge of locating important documents that might have been lost or destroyed. For many people, it takes a disaster to remind them of ... 34 percent); insurance information (31 percent); social security card and related information (29 percent); and the deed for their house (20 percent).

image
by SleepyFledgling
0 like 0 dislike
0 comments 289 views
Don't be a victim of Cybercrime

When you access the Internet through the world wide web it is extremely important that you safe guard your personal information. There are literally thousands of people around the world that make a living exploiting the security loop holes by accessing your personal identity, passwords and bank ... fraud attempts. Visit their website or contact them via email or telephone for information on how you can protect yourself from online criminals.

by FlamboyantChomper
0 like 0 dislike
0 comments 77 views
How to find and avoid overselling hosting companies

If you are reading this you probably need help on choosing a good provider as a hosting service. In the last ten years the pc industry has reached its limit. As a result to that there is even more competition than ever before. But not all services are good. They will promise everything and than ... , but even that's better than wasting money. So I hope you have learned something from this article and good luck finding the right hosting service!

by HairyFoal
0 like 0 dislike
0 comments 126 views
How to Make Friends and Avoid Enemies

Over the past few years an epidemic of rudeness has swept America. Here's how to stop the disease. 1) Acknowledge people. Answer the phone. Return phone calls. Listen carefully when people talk to you. Be an active participant in conversations. Never use your cell phone when with others, ... Let other people do well. Let people tell you things that you know. Let other people win. Share information. Remember: mature behavior creates trust.

by GreedySmile
0 like 0 dislike
0 comments 107 views
Book Publishing Scams: What Are They and How to Avoid Them

Are you an author who would like to get a book published? If you are, and if you are currently an unpublished author, you may do just about anything to see your book in print. As good as it is to have goals and dreams, it is also important to have knowledge on your side. If you do not proceed with ... of the many that you will want to keep in mind. If an offer, a literary agent, or an editor sounds too good to be true, chances are it is.

image
by Butcherry
0 like 0 dislike
0 comments 245 views
Top 10 Things People Do Wrong at Interviews, And How To Avoid Them

A face-to-face interview is the most stressful part of the job search for many individuals, but it is also a critical component of the recruiting process. Up until this point, you have been able to hide behind your resume and cover letter. As the selection process starts to draw to a ... evaluating you, don't assume the interviewer knows you still want the job. Reiterate your interest and inquire about the next step in the hiring process.

by Madept
0 like 0 dislike
0 comments 229 views
Top Internet Marketing Blunders and How to Avoid Them

Internet marketing can be a tricky business if you do not know what you are doing. That is one reason that so many marketing beginners constantly execute some of the top internet marketing mistakes known to the cyber world. Building a clean, workable web site can be very simple if you educate yourself ... address. It is advisable to include a separate page solely for contact information, and have a link to your e-mail address on the home page.

by GraveGrass
0 like 0 dislike
0 comments 744 views
Top Internet Marketing Blunders and How to Avoid Them

Internet marketing can be a tricky business if you do not know what you are doing. That is one reason that so many marketing beginners constantly execute some of the top internet marketing mistakes known to the cyber world. Building a clean, workable web site can be very simple if you educate yourself ... address. It is advisable to include a separate page solely for contact information, and have a link to your e-mail address on the home page.

by Dingopher
0 like 0 dislike
2 comments 387 views
How bad guys hack into websites?

How hackers hack websites? and how to protect my website?

by Octopixy
0 like 0 dislike
1 Comment 247 views
How Anti Spam Software Works?

How anti spam software can help me protect my stuff?

by HarmlessRose
0 like 0 dislike
1 Comment 257 views
How cctv can help my business?

I am planning to install cctv cameras. Just want to know how it can help my business?

by FoolishJaguar
0 like 0 dislike
0 comments 259 views
The Best and Worst Days to Market Online

If you are in a sales position where you are soliciting a product or service, there is some advice that might be helpful when speaking to other businesses. There are times during a year that are good times and other times that might not be so good. As I always state in any advice I give, every ... , along with holidays. You should always try to sell 365 days a year in some fashion, but put more emphasis towards the prime, or best selling times.

by Scorpeon
0 like 0 dislike
0 comments 49 views
Domain Name Transfer – What Is It And How To Do It…

What is a domain name transfer? Is this an ordinary process of transferring just like those regular transfer processes? These are just two of so many questions that surround the domain name transfer. So you want to know the answer? Then, you read on. Essentially, a domain name transfer is made ... transfer. So upon the completion of the registrar domain name transfer, the holder can log in to the new account at the new registrar web site.

by SwiftHeroine
0 like 0 dislike
0 comments 232 views
Business loan and how to acquire it

Business loan can cater to your each and every aspect of your business. The urgent requirement of funds for your business can be catered through a business loan. It is easy to seek a business loan now a day. All you need to do is to fill up an online application form and your application form ... other resources. Don't let funds come your way in becoming a successful entrepreneur. Seek a business loan and expand your business, the way you want.

by Cybora
0 like 0 dislike
0 comments 413 views
Domain Name Transfer – What Is It And How To Do It?

What is a domain name transfer? Is this an ordinary process of transferring just like those regular transfer processes? These are just two of so many questions that surround the domain name transfer. So you want to know the answer? Then, you read on. Essentially, a domain name transfer is made ... transfer. So upon the completion of the registrar domain name transfer, the holder can log in to the new account at the new registrar web site.

by HuggingDuck
0 like 0 dislike
0 comments 194 views
Publicists: It's Time to Embrace the Technology of Online Press Kits

So you have a cell phone, a Palm Pilot, an automated office complete with teleconferencing, remote-access, Web site and e-mail addresses. So what? Just because you're always available to the media doesn't mean the media has easy access to your clients. What will your high-tech office be able to do when a ... ' press kits, you're not only making them easy to access, but easy to cover by the media. The media loves that - and so will your clients.

by LovableStorm
0 like 0 dislike
0 comments 268 views
3 Ways To Protect Your Customers

Customer security is one of the prime considerations of any retail outlet today. Whilst implementing key marketing strategies in order to promote products and increase sales, retail managers also need to be thinking about how safe their customers feel in-store and ways they can improve the attractiveness of ... shopping in a safe environment. The safer and more confident your customers feel, the more likely they are to spend money in your store.

image
by SwiftHeroine
0 like 0 dislike
0 comments 247 views
Strategies To Fight Email Spam

If you are a business owner and you rely on email, spam is going to be a major concern. How you address it can make a big difference in employee efficiency. Email spam has been a nuisance and has gotten even worse over the last several years. Email spam slows down server performance and can eat ... of users, amount of mail and storage requirements. Fighting spam is no longer be a losing battle if you have a good strategy to deal with the threat.

by GroundHurricane
0 like 0 dislike
0 comments 233 views
8 Easy Ways To Stop Spam

Create and use a temporary email address. Yahoo and Hotmail provide this feature in order to keep your private email address strictly for your friends and family members and only. The secondary address, you can use for your subscriptions and other purposes. If your secondary address is abused from ... , business colleagues e.t.c. You should also have installed an antivirus which scans your emails before they are saved into your hard drive.

by SnailMail
0 like 0 dislike
0 comments 152 views
The Importance of How You Spend Your Time Between Jobs - Various Options and Strategies You Should Think Of

With resume gaps now the norm, workers should pay attention to how they spend their time between jobs. The reason is simple: Employers want to know how job candidates spent their time when they were out of work. Learning? Traveling? Moping? Being productive or non productive ? ... about . It can set the tone of your conversation. And conversation, whether online or off, is often the lifeblood of a productive job search.

by Camella
Connect with us:
...