Curious to know about Facebook Marketplace scams? Here we are describing the all types of scams on Facebook marketplace. Facebook Marketplace was meant to be a community-oriented service to bring natural people together to buy and sell. It has no built-in payment method, and it requires that you have a Facebook profile to use the service.
Snapping a photo, taking a price, posting, and selling is easy, and there aren’t any significant hoops to jump through. The downside is that it’s a scammer’s paradise.
Types of Facebook Marketplace Scams
Don’t Use Unusual Payment Methods
Only utilize Facebook Checkout, PayPal, or cash when it comes to Facebook Market. For PayPal, make sure you never choose friends and family payments. This will totally negate your ability to get a refund and be protected by PayPal. The seller may demand they want to avoid fees. A customer may claim they want to help you avoid fees as well. This is all to provide them the ability to get the money from you and give you no ability to protect yourself. It’s against PayPal’s Terms of Service for a good purpose.
Venmo, an online payment processor for mobile devices, is individually at risk for scams. Venmo is often utilized to buy items using stolen credit cards. In the end, you’re out of the thing, and your money is gone as well.
Never Pay for an Item in Advance
Payment scammers also try to get you to pay in advance to show you’re serious about buying. If you’re going to meet up with your merchant, never let them talk you into paying in advance. If you do pay in advance, the merchant may never show up with the item.
If you’re utilizing Facebook Checkout to purchase directly from an online store, there’s always a chance to be scammed. Luckily, Facebook allows Purchase Protection to help you in that case.
Bootlegs and Broken items
Like any flea market, you’re likely to find some exciting items. You could discover incredibly unique decor and clothing, but you could also find scams. You could buy a utilized Xbox well below market price only to find out it doesn’t even run. They were seeking to get rid of it for a profit instead of just throwing the broken console away.
You could find Gucci bags, Nike shoes, or the next-generation game console at too good to be right prices. Unfortunately, those are often too good to be valid for a reason. They’re bootlegs. They’re fake. Anyone can set a Gucci logo on a bag or the Nike Swoosh on a shoe. Be conscious that if the rate is much lower than usual, it’s most likely a fake.
When you consent to buy an item from Marketplace, ask questions to make sure it works. When you reach the seller to pick up your item, inspect it. If you can, test it. There are alternatives to protect yourself from buying bootlegs. It would be best if you were hyper-aware of what you’re getting.
Don’t Get Talked into Mailing Items or Payment
Facebook Marketplace has added Facebook Checkout in beliefs of competing with other online sellers like Etsy and eBay. Despite encouraging you to ship global, if you’re not looking to sell your item outside your local area, you should avoid mailing it. Scammers will often try to talk you into sending the item before they pay. This would mean you not only drop the item to the scammer, but you never get paid for it.
Just like when you sell on eBay, always get the payment first before your mail your client the item.
Alternatively, if you’re the buyer and the seller wants to send you the item, you could have stumbled on a scam. Unless the seller explicitly mentions shipping the item before you buy it, avoid having it shipped. Some marketers try to talk you into acquiring a shipment so you’ll pay for the item, but then they never ship it. Legitimate local sellers will be willing to reach you like they originally agreed.
Do Not Accept Overpayment
One noticeable scam is when you sell an item only to see your buyer has overpaid.
This could look legitimate, as the buyer could beg you to add something extra. They could want you to ship it, so they offer to pay more for the shipping. Most of the time, this is a ploy to need a refund from you. In reality, you never accepted any money at all. If you do send the return, you’ve just paid the buyer to scam you.
Allow yourself some good skepticism if you’re offered overpayment. People can make errors, and overpayment may have been one. It’s always an excellent idea to be wary, though, as it could be more sinister than just a mistake.