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    1. Crazymind is offline

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      #1

      How to avoid fraudulent transactions?

      Itís impossible to do business solely with those you know but itís so risky sending money when you canít be entirely sure itís legit. What are some ways to ensure your transaction is safe?
      How a New Online Retailer Made Over £3m Sales in 1yr With These Sources

    2. Bizship is offline

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      #2
      First of all, reliable companies will have information about successful transaction processes on their site someplace. They want your transaction safe, and for you to be a return customer.

      When dealing with someone you don’t know, verify their information before completing the transaction. If you can’t verify who they are, you may not want to complete the deal.

      Beware of cashier’s checks. There’s a scam that fraudulent buyers use where they buy your product and send you a cashier’s check for more than the amount charged, and ask you to send the overage through a third party or back to him or her. Never send money until the issuing bank has paid on the check. It can be difficult to tell if a cashier’s check is a fake, so have the money before you pay back the excess.

      Fraudsters have also been known to pose as a relative, or a lawyer or police officer acting on behalf of your relative and claim that there’s an emergency and you must send funds right away. If you can’t verify that it is indeed your relative, you’re throwing money away if you send it.

      Emotions always make financial dealings risky, so keep your emotions out of the picture. Don’t fall for emails promising easy loans, or checks that arrive in the mail telling you to cash it right away and send the money to someone else through a money transfer service.

      Even if you feel that you were to receive a certain percentage from a transaction, throw away this check-it’s a fraudster’s tactic. Similarly, don’t send money to someone you’ve met online, even if you feel sorry for them-another scammer’s tactic.
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    3. Mickey_707's Avatar
      Mickey_707 is offline

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      #3
      Only an idiot would fall for those scams! You can spot a scam a mile away!

    4. Geekrider is offline

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      #4
      Not so. It’s easy to fall for something in a moment of weakness and look back and then feel like an idiot.

    5. Crazymind is offline

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      #5
      The personal tips are good, but what about in business. You can’t possibly know everyone you deal with.

    6. Bizship is offline

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      #6
      Money transfers or wire transfers are risky because once transferred, your money is gone. When dealing with a new supplier, it’s always best to use PayPal; that way you have some recourse for a chargeback if the deal sours. Using a credit card will gave you the same level of protection.

      Be cautious about using an escrow service. eBay advises only using Escrow.com. If a buyer insists on paying only by an escrow service that you’re unfamiliar with, don’t deal, as he is a likely scammer. And don’t forget that escrow services have fees; so, factor that into the transaction.

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      I never use escrow services, just a rip-off.

    8. Crazymind is offline

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      #8
      gr8 advice, thanks.

    9. Bizship is offline

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      #9
      You’re welcome. Here’s to safe transactions!

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