find scams
as seen onABCBBCCNETNBCFOXThe StarFOX BUSINESSCTVGLOBAL TVKIPLINGERBreakfast TV

Escrow Services Replaced By Online Purchase Arbitrators

Fake Escrow Service: How It Works

You just won an online auction for a sweet item, whether a bike, a laptop, or even a car. The piece isn't cheap, so you're being incredibly cautious about checking out the owner. To prove he's serious and reliable, the seller suggests a "third-party arbitrator" (escrow service, in other words) that will verify both sides. 

The buyer sends the money to the arbitrator, who is also supposed to verify if the product offered for sale really exists. But the arbitrator is part of the scam, being the same person as the seller.

 

Fake Escrow Service: How To Avoid

If the seller recommends you names such as Yahoo Finance or MSN Finance as arbitrators, stay away. There are no such things. Scammers use well-known names to make their operations look more official.

They simply create fake e-mail addresses and send messages to the buyer confirming that the products really exist. The victims send the money to the arbitrator thinking they are safe, but the arbitrator and the seller are one and the same. In short, only use the official arbitrators of the website you're buying the item from.


FLYING DURING PANDEMIC - MAN SPENDS 7 DAYS FOR A ONE-WAY ROUTE

The worst travel experience could happen to you if you consider traveling during the Coronavirus pandemic. A man spent 7 days on 7 airplanes to finally make it home. Watch video below:

 

 

TOP 3 MUST-WATCH FRAUD PREVENTION VIDEOS

Educate yourself with the videos below:

 

1. Top 5 Amazon Scams in 2020

 

2. Top 5 PayPal Scams in 2020

 

3. The Nigerian Scam [Docu-Drama]

This movie shows how a victim lost over $30,000 to an intricate scheme which is still around years later.




Add Your Comment


Editor's Choice

list with government grant. for individuals

coronavirus face mask scam

submit a scam button