4 Scams to watch out for while making transactions through internet

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By: tiarajoseph11
on 1st May,2013

However, you need to safeguard yourself from the online scams, 4 popular types of which are discussed here.
4 Scams to watch out for while making transactions through internet


Do you often take resort to certain websites to get a great deal while buying or selling objects? There is nothing wrong in doing so as you may find good deals. However, you need to safeguard yourself from the online scams, 4 popular types of which are discussed here. 

1. While buying or selling a vehicle:

   If you are selling your car via internet, it might happen you get a check from the buyer with an amount more than what you had quoted. When you inform this to the buyer, he/she says to refund the excess amount. You do so and also send the vehicle to the given address, only to realize later that the sender's check has bounced.

   Being a buyer, you may also find that the seller asks you to transfer the amount to a safe escrow account, where the amount will be kept, till you get your vehicle. However, it may happen that the escrow account is a fake one.

   To avoid being in such a situation, never believe deals that sound too good to be true. And never involve yourself in a transaction where you sense there's something wrong or you cannot physically meet the person with whom you're making the transaction.

2. While buying or renting an apartment:

   Be hesitant if you, the renter, has to take an apartment on rent through a middleman, since the owner is out of country or unavailable due to any other reason. What happens is, after you pay the deposit amount, you don't find the middleman and the property is also not available to stay. It may also happen that a person, posing himself/herself as a landlord, collects deposits from all anxious renters and flees from the town. The actual situation comes into the fore when all the renters try to move into the same apartment or house.

   To avoid being a victim of such a scam, make sure that the landlord really owns the house. Therefore, ask for the landlord's ID and call the local authorities to make sure it's a legitimate ID. You can also do a quick search in the Google regarding the landlord's name and the address in order to find whether or not there is any available information online.

3. While trying to find a suitable job:

   The ‘Nanny Job' has become quite popular. Such advertisements target the youth who are inexperienced. The people giving such advertisements offer good salary (but not too good to be true) for looking after the children, since they are moving new to the area. The scammers hire people, send check and ask to buy some groceries and paying rent to the new landlord. The newly hired Nanny does so by taking out money from his/her account and realizes later that the landlord is also a part of the scam and the check is a void one.

   Therefore, next time someone hires you, do not take out money from your account to fulfill what your employer is asking you to do. Always deposit the check and withdraw amount after making sure that the amount has been deposited to your account.

4. While buying a ticket from a third party:

   You might try to buy tickets from certain websites, like Craigslist, when you cannot find tickets at regular venues. However, you might approach a seller who's trying to sell canceled or fake tickets. It may happen the seller had bought airline tickets and as soon as he/she finds a buyer, cancels the ticket, and you buy it. When you realize that you've been scammed, you won't be able to approach the airline as it hadn't sold you the ticket. Similarly, often con artists make print outs of fake tickets, of big events, which resemble like original ones.

   So, next time make sure what the ticket actually looks like and also have an idea regarding the seating arrangement so that you can verify the seat numbers before paying the money.  Also, ask for an invoice as a proof of purchase. Moreover, when you're buying tickets online, never pay the full price upfront. Always pay half of the price and pay the remaining amount when you receive the tickets. Write everything in the e-mail and ask the seller to mail you the tickets with a tracking number.

All these steps will help you avoid being a victim on such online frauds and safeguard your hard-earned money.



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