June 1, 2016 MLM & Affiliate Marketing News
How the Scam Works
You post a big-ticket item (vehicle, computer, furniture) for sale on Craigslist, eBay or another online sales site. An interested buyer contacts you and says that he or she wants to buy the item right away and arranges to meet for the exchange.
When you arrive, however, the buyer doesn’t have cash. Instead, they claim to have sent the money through PayPal. You check your email and, sure enough, you have what appears to be a message from PayPal confirming the transfer. The scammer may even claim that the transfer is “invisible,” and that’s why you can’t see it in your PayPal account.
Of course, there is no such thing as an “invisible” transfer. The scammer didn’t send any money, and is just trying to take your item without paying. Some versions of this scam also have an overpayment twist. In these, the scammer “accidentally” overpays you for the item. For example, he or she “sends” you $2,000 payment for the item you are selling for $200. Then, he or she requests that you wire back the difference. By the time you figure out the PayPal transfer was a fake, the scammer is long gone.
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