*** WARNING !!! ***
Hi , as we all know Ebay is a great place to find bargains and an excellent place to buy & sell .HOWEVER ....... There are some people out there who are determined to SCAM you out of your hard earned cash
In this guide il point out the most common SCAMS , FAKES , FRAUDS , and general nasty people .
As an Ebay member for many years now ( first as timsbargainbin , and now as Timz.Bargain.bin) I , like many of you have been a victim of these scams at some point , and hope that this guide helps you to shop and sell a bit safer on Ebay .
1 ) ~ PAYPAL
As you may or may not know , paypal is owned by ebay , and although there are other payment options available , (nechex etc etc ) paypal remains the most common . but BEWARE if anything should go wrong they do not have the best customer service in the world , and often fail to reply to emails .
also , if you have a business account you will pay fees for receiving payments no matter how small ( on avarage of 10% ! ) this is on top of the other fees .
lets have a look at fees for a standard listing using a business account .
1 .listing fee
2. picture fees
3. layout fees
4. final value fees
5. paypal fees
6. bank transfer fees
these are typical fees that you will be charged for a standard listing ( not to mention , bold standout fees , second cat listing fees , swiss tax etc etc etc )
on one of my small typical listings for 2.99 , i loose approx 1.10 in fees !
2 ) NIGERIAN SCAM
I am not trying to say that all Nigerian buyers / sellers are bad , but be aware , be very aware that 70% of the scams on Ebay are traced back to Nigerian scamsters , why do you think soo many people write NO NIGERIAN BUYERS at the bottom of their ebay listings . the most common of Nigerian scams ( apart from the letters you may get through your post saying that they need to use your bank account to transfer funds for the Nigerian royal family ! ) is FAKE credit cards , the scam artists will have acquired somebody's credit card details , and start a spending spree with the FAKE cards . if in doubt , only send to paypal verified addresses , DO NOT send to PO boxes etc etc .
3 ) THE BANK SCAM
A friend of mine recently became a victim of this at Xmas time , it all started off with a very promising listing from a seller with good positive feedback and about 8 months trading on ebay .
my friend purchased an iPod Touch for what he thought was a very very good price , but this turned out NOT to be .
it started off with the seller who had very good feedback ( and for items that were for 100's of pounds ) asking my friend to send the money via bank account transfer ( the seller claimed that his paypal account was being upgraded and that payments into it would not be open for 10 - 15 days )
my friend was wary but on the basis of the sellers good feedback he took the risk ..................... fast forward 1 week later , and still no ipod touch delivered , and surprise surprise the seller had received 15 negative feedback in 2 days ....... anyway , this went on and on , and after 2 weeks it turns out that the SCAM had taken 20,000 from ebay buyers . the seller had extracted the money from various pay points and banks across the UK and still has not been caught .
how does it work ?
this SCAM is much larger than you may think ! ......... heres how it starts ~ a group of scam artists get together 6 or 8 months before xmas ( ebays busiest selling time ) and create new ebay accounts , then start to build up feedback , they buy and sell between each others accounts , using FAKE items that are highly sought after ( lcd TVs , mobile phones , mp3 players , ps3 , etc etc ) until they have 100% positive feedback , they may even open up ebay shops , and sell a few genuine items just to make the scam more believable . then when it comes to xmas time , and the marketplace is soo hectic with buyers trying to get that last minute Nintendo Wii , they STRIKE ! ... over a week or so they will all sell items as mentioned above , and tell the seller that due to xmas time and being very busy , postal issues etc etc , the buyer should expect to wait 1 week for delivery ( this gives the scammers time to scam as many as they can before the negative feedbacks and claims start to come in ) , they may even buy and sell a few items between the dodgy accounts , just to have recent positive feedback , so that wary buyers are reassured , then when the time is right they extract all of the money from the fake bank accounts they have set up over a 24 / 48 hour period .
4 months on , my friend is still trying to get his money back , and along with 30 other ebay buyers have now enlisted the help of police in the areas where the money was extracted from .
BANK TRANSFERS ARE NOT GUARANTEED BY YOUR BANK , AND YOU WILL MOST LIKELY LOOSE ANY MONEY TRANSFERED TO SCAM ARTISTS .
4) FEEDBACK SCAM
Always check feedback !
Go over it with a fine tooth comb if you have to , as sometimes it can be FAKE !
A common example is sellers having multiple accounts , and bidding / buying / selling over the many accounts .
check what and who they have bought and sold to
But by far the biggest SCAM is the 1p auction !
Scam artists can easily build up 100's of positive feedback by using this 1p auction ( for example , £1 = 100 positive feedback ! , more if you are buying from overseas $1 = 200 positive feedback !)
if in doubt ~ CHECK IT OUT !
Fin.well , thats about it for this guide , i hope it has helped , and maybe cleared up some ebay myths you were maybe not aware of .
if it saves 1 person from getting scammed , then it has done its job !
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