How To Avoid Being A Victim Of Online Auction Scams? - lcwf

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How To Avoid Being A Victim Of Online Auction Scams?

Action fraud advice
How To Avoid Being A Victim Of Online Auction Scams?

Online auction sites are regularly targeted by fraudsters advertising desirable items for sale which are below market value, but do not exist. Fraudsters use a variety of techniques to persuade the potential buyer that the item is genuine and that any advanced payment will be protected or reimbursed should the product be faulty or not received.

Protect yourself:
Stay within the auction guidelines stipulated on the website.
Payments made via bank transfer, money transfer or e-money are not protected, should you not receive the item.
View the item in person if possible.
If the item advertised seems too good to be true, it probably is.

IF YOU NEED TO REPORT A FRAUD , REPORT IT TO ACTION FRAUD ON 0300 123 2040 OR USING THE ACTION FRAUD REPORTING TOOL VIA THE ACTION FRAUD WEBSITE - http://www.actionfraud.police.uk/


Be Aware Of Spoof Emails Claiming ‘Buyer Protection’ 

Online auction websites are being used by fraudsters to advertise vehicles for sale which do not exist.

The fraudster advertises on an auction website and gets their victim to agree to purchase a vehicle, making sure that all correspondence is done via email. The victim then receive emails which claim to be from genuine payment merchants or auction websites which state that the money they have paid for the vehicle will be held in an ‘escrow account’.

The email indicates the money will be released to the seller, once the person has confirmed that they’re happy with the purchase. The email says that this will provide the person with ‘buyer protection’. In reality these emails are fraudulent, they don’t come from the named companies and the bank accounts are controlled by fraudsters.

Protect yourself:

- Always stay within the terms and conditions of the auction websites.
- Remember that PayPal do not include vehicles under their buyer protection.
- Meet the seller ‘face to face’ and view the vehicle before parting with any money.
- Be vigilant of emails that purport to be from genuine companies and check the ‘domain’ name of the email address for any inconsistencies.
- Check feedback online by searching the associated phone numbers or email addresses of the seller.
- If the vehicle is below market value consider whether this is an opportunity which is too good to be true!
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