Tech & Science How To Not Get Scammed When Selling Things Online

04:31  22 april  2018
04:31  22 april  2018 Source:   lifehacker.com.au

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Not only did they get the T.V. you’re trying to sell , they got some money, too. How to Set Prices For Your Stuff When Selling Online . The Complete Guide to Selling Your Unwanted Crap for Money.

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  How To Not Get Scammed When Selling Things Online © iStock

If you're looking to cull some of your unwanted books, say, or other possessions, you'll want to be careful of how (and to whom) you're selling your old stuff.

While electronic payment methods like PayPal make it easy to send and receive money, they also make it easy for scammers to, well, scam. Make sure you receive the cash in your account before you hand over the goods.

"When using P2P payment services to sell goods to people you don't know, you take the risk of the money not clearing," says Kimberly Palmer, a personal finance expert at NerdWallet. "If you find the money you receive hasn't cleared and is not in your account, there is little you can do and you might never see that money again."

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Scams tend to show up in the exact same form, so you need to be cautious when approaching a great deal. For the most part, the best thing you can do is get to know the seller (as described above) to get a feeling for their level of How to Sell Your Gadgets Online and Make the Most Back in the Process.

This is something to be aware of with Venmo and Zelle in particular. Basically what happens is as soon as the buyer transfers the money, they can reverse the charge. In other cases, "buyers used stolen credit cards or hacked accounts -- which the payments company then reversed," according to USA Today. And there's no recourse for you, the seller.

Another version of the scam: The buyer will say that they sent you a PayPal transfer. You'll see an email confirmation, only to find out later that no money was actually sent. An added twist to this one involves overpaying, according to the Better Business Bureau. The buyer may "overpay" and ask you to wire them back the difference. Not only did they get the T.V. you're trying to sell, they got some money, too.

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So what can you do to make sure that you don’t get scammed online while trying to use the Internet to save money? Quite a few things actually. When looking at a new website, consider the amount of advertising on it, the types of comments that it receives and how credible it appears to you before you

So just don't use those apps for these types of exchanges. In fact, "using a personal Venmo account for business or commercial peer-to-peer payments is prohibited in Venmo's terms of service unless the user receives specific authorization," MarketWatch reports.

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Do you have any thoughts on how I can avoid getting screwed? Sincerely, Paranoid Seller. Photo by Quazie. Forgetting about the numerous Nigerian Princes in need, most scams you'll find when selling online all have one thing in common: they're too good to be true.

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But it's not just reserved for P2P services. "Similarly, if you are receiving a cheque from a buyer, wait to ensure it clears and the cash is in your account before sending the item," says Palmer. So cash is still the best way to go.

Here are some other tips, from the BBB:

* Don't accept cheques or money orders: When selling to someone you don't know, it is safer to accept cash or credit card payments.

* Do not accept overpayments: When selling on Gumtree, eBay or similar sites, don't take payments for more than the sales price, no matter what convincing story the buyer tells you.

* Always confirm the buyer has paid before handing over the item. Don't take the buyer's word for it.

* Be wary of individuals claiming to be overseas. In many different types of scams, con artists claim to be living abroad to avoid in-person contact. Consider this a red flag.

And when you do meet up for the transfer of goods, always do so in a public place. Unless they are picking up a piece of furniture or something from you, never give out your address or other personal information. Above everything else, you want to be safe.

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