On the Internet you can almost any product to your exact specification in terms of purchase model, manufacturer and color – even for cars, motorcycles and aircraft, wherever they are. Escrow sites have security exercise in shopping for these types of major purchases, since they provide the payment and delivery of products. But what happens if hustlers and crooks unsuspecting buyer and supplier sites can promote trust rip their credit card information, money and product off?
Unfortunately escrow fraud is a reality. Some unscrupulous people set up fictitious escrow sites and then to make as a buyer or supplier, in order to deceive the gullible from their money or goods. If a receiver con assumes the role of the seller, it is to sell a product, and persuades the buyer his money for the site fictitious trust account to recover – usually advised him that for his own safety. The scammer gets the money destined for the merchant and the buyer gets nothing in return.
When looking into the role of a buyer, the auction fraudsters diarrhea and classified sites for a position they want and pretend to buy it. The fraudster is clear about the use of fake escrow site that contains a message to the seller, the buyer has transferred funds so that the seller ships the product. The fraudster receives the product and the seller is left with nothing.
How to recognize and avoid fake escrow sites
Not fallen victim to a scam escrow is really easy if you follow some basic rules:
First The familiarity with multiple locations of known and trusted escrow before making an online transaction
Second Be careful with an insistent customer / dealer to use a specific escrow company you have never heard of (some use a variety of websites to the suspicions of the wary consumer / dealer counter)
Third Be careful when escrow services are designed to look bad, inadequate, a spelling or grammatical errors, and / or do not have sufficient information on the proper use of the site or who owns it. Legitimate escrow companies put a lot of time and money to build high-quality sites.
4th NEVER use a receiver site URL (Web address) do not begin with “https://” – the “s” is important because it includes a secure website using 128-bit encryption technology. An unsecured site receiver is probably wrong.
5th Beware of sites with unusually before escrow escrow fees low. Low escrow fees are sometimes used to draw people in.
6th Send Money Never use silver wire auditable business.
7th NEVER a deposit into the escrow account to an individual or an agent. Reputable companies will have to deposit money from a company that is entitled to transact escrow.
What to do if you have a blocked site suspected to be fraudulent
Here are some things you do to confirm whether or not a blocked site is legitimate, you can:
First Do a search on the Internet for the company. If the search results only display the escrow site, it is probably an illegitimate site.
Second Make sure that the domain name of the company in a WHOIS database. When the recording was only recently or contact can not be confirmed, avoid the site.
Third Find out if the company is legitimate and who is the approving authority. Then find the licensing authority and check provided to the registration. Make sure the registration number corresponds with the company. Check your own local licensing authority. If he has one of the red flags for fraudulent site, assume that this site is fraudulent – and thus allows the trustee.
4th If an escrow account side acknowledges with eBay, Yahoo!, or similar entity to be connected, check the relationship of the partners said.
5th Each site is blocked alleged acts as an extension of a large trust company best known probably not legitimate. Escrow companies operate in this way rarely known.
What if you are the victim of a fraudulent escrow sites
If you have been the victim of a fraudulent escrow site, you must report to authorities immediately to the site and respond promptly to protect against identity theft.