Online Frauds and Online Scams

Hello I am posting this page to bring awareness in my websites users of this Online frauds and Scams going out this days please read below instructions for how it can be. I have picked up this notes from Western Union website so I hope they would not be angry if I post it here. And also thank them for this information.

It’s No “Accident”

After failing to sell your bike through a local newspaper ad, you place an advertisement for your
barely used, 1980 Harley-Davidson on a specialized web site. Just hours after placing the ad, you
are contacted by a buyer claiming to specialize in purchasing quality used bikes to resell to
collectors.
Everything appears legitimate. You even receive a cashier’s check overnight. The only problem is
that the check is written for $5,000 over the sale price. The buyer explains that there was some
error and advises you to deposit the check and refund the overpayment using a money transfer
service. In good faith, you transfer the overpayment and ship the merchandise.
Just over a week later, your bank informs you the check was fraudulent and, therefore, no funds
have been deposited into your account. Unfortunately, the Harley-Davidson has already been
sent, along with $5,000 in cash, leaving you without the bike, without the cash and without
recourse.

Over-payment scam

This scam involves someone offering to buy an item you might be selling – usually a high-ticket
item such as a motorcycle, a car or some type of specialized equipment. For some contrived
reason, the buyer pays more than the asking price, often claiming that the over-payment was an
accident or that it must be paid to a third party shipping agent. The scam is in the payment –
typically a fraudulent cashier’s check or money order.
The plan is to get you to send the difference before you realize that the check is a fraud. Because
some banks will allow funds to be drawn before an item has cleared, you might not learn of the
fraud until it is too late. When the payment is determined to be a fraud, the funds are withdrawn
from your account. In this type of scam, you could possibly lose not only the amount of the “overpayment,”
but also the item you were selling.

If you suspect an over-payment scam, please review the following tips before sending a money
transfer transaction:
2. Be wary of a buyer who is anxious to complete a transaction immediately. Most buyers will
spend time asking questions and negotiating a price.
3. Check with your bank to find out how long it will take the check to clear. Remember, just
because the bank has given you access to the funds, it does not mean the check has fully
cleared.
4. Wait until the check has cleared before sending the amount of the over-payment.
5. Remember the old adage: If a deal sounds too good to be true, it probably is.