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Black Friday Scams

Black Friday Deals and Scams: How They Work

Beware of the Black Friday deals happening this year if you're looking for the best offers and promotions. Whether you need laptops, phones, tablets or gift cards, this special day kicking off the holiday season could be a double-edged sword.

Stores are geared up to price items at steep discounts and bargain hunters come in droves to take advantage of the ridiculously low prices. But some bargains that seem too good to be true really are too good to be true. Let's take a closer look:

1. Fake Black Friday Products

Don't be taken in by scams from online electronic stores advertising prices so unrealistic as to be almost laughable. iPad's for $11 and digital cameras for $4 are the stuff of fantasies, yet thousands of people every year send payment to these fake online stores and never receive any merchandise.

High-end designer clothes are also something that scammers use as bait for victims. Worse, these crooks now have your credit card information, with which they will undertake their own shopping spree – at your expense.

Watch the video below to see this kind of fake deals exposed in action:

Fake Products on Black Friday Video


2. Black Friday Email Offers

Many retailers rely on e-mail blast advertising to get the word out about their holiday deals, but beware of unsolicited emails. They are most likely part of a phishing scam and are only out to get your personal information. Never click on links in these emails.


3. Black Friday Gift Cards

There has been a wealth of problems with third-party sellers offering used gift cards for big-name retailers at steep discounts. The authorities have warned consumers to avoid these deals for the simple reason that they are typically stolen cards. The cards will be disabled and all you'll have to show for your investment is a worthless piece of plastic.


4. Black Friday Individual Offers

Finally, be cautious when shopping online auctions and classified ads. Many fake sites crop up, especially as the holidays near. To be sure that the site or an individual seller is on the up and up, do an internet search for their name, username, e-mail address or any other identifying factors. You may be shocked by what you find.


Black Friday Deals Scams: How To Avoid

The holiday shopping season can be a fun and enjoyable time if you exercise due diligence. As with any other time of the year, online shopping should only be done on secured sites. Be wary of unsolicited email blasts and do not click on links in these emails.

Finally, always be aware of anything that seems like too good a deal for the money; you are likely walking into a scam. Last but not least, make sure your computer is always up to date with the newest upgrades of your anti-virus software provider.




Black Friday Deals Scam: How To Report

Make your family and friends aware of this scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:

Report To The FTC Here


How To Protect Yourself More

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