If you’re decluttering your home by selling unwanted items online, be on the lookout for buyers wanting to pay you more than the listed price. If the offer seems “just too good to be true,” it probably is.
How the Scam Works
You post an item for sale online (BBB is seeing a lot of recent scam reports that mention Facebook Marketplace, but this applies to other services as well). It might be clothes, a vehicle, electronics, or another item. You’re contacted by a buyer and offered more money than what you are asking for. The reasons vary. The scammer may claim they want to cover shipping or other fees for you “because you’ve been so helpful.” Or they may overpay through a digital wallet, such as PayPal or Cash App, claiming it’s a policy of the service. Or they may mail a check for more than the asking price and then insist it was by mistake.
Once you’re overpaid, the buyer will ask for their extra funds back. After you’ve returned their money, you’ll likely find the initial payment was false – the check will bounce or the buyer’s online payment will be denied. You will have lost the money you “returned” along with the item you sold.
How to Avoid Online Selling Scams
- Don’t ship an item before you receive a payment. Make sure any payments you receive are legitimate before you ship your item to the seller. If you ship before they pay, you will have no way to get your item back.
- Don’t believe offers that are too good to be true. Unless you’re selling a rare or highly desirable item that several people are bidding on, you should not expect anyone to offer to pay more than what you are asking. If someone tries to overpay you, consider it a red flag.
- Look out for counterfeit emails. Scammers are skilled at imitating emails from popular payment services, such as Venmo or PayPal. Examine all emails carefully. If an email comes from a domain that isn’t official or contains obvious typos and grammatical errors, it’s probably a scam.
- Report scams to the online marketplace. Be sure to report suspicious activity including dishonest buyers or sellers. Especially report any suspected scam to BBB.org Scam Tracker, so that others can be aware.
For More Information
Report suspicious activity to Facebook and see their Tips for Buying and Selling Responsibly on Marketplace and follow their guidelines when making sales.
Read the BBB Tip: Selling Used Items Online and get informed about fake check scams. If you come across a scam, report it at BBB.org/ScamTracker. Even if you didn’t fall for the scam, your report can help protect others from scams.
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BBB of Central Virginia: Be very careful when selling used items on line - Fredericksburg Today
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