Have you ever shopped online but not receiving the goods after payment?

Online Shopping Scam

Have you ever shopped online but not receiving the goods after payment?  Most scammers defraud consumers with the following tricks:

Scammers posing as sellers

Scammers posing as buyers

Characteristics of suspicious online shops on social media platform

The pages have been run only for a few days or weeks. No physical store address or telephone number is shown. (Hint: The “Page Transparency” section in the platform shows the date the page was created.)

The pages may be advertised on the platform to boost the visibility

Paid posters are hired to leave good reviews or comments, creating the illusion that the shops attract considerable patronage

A variety of products are being sold on the pages and most are hot items

Only a few posts are created on the pages

Most photos in the posts are captured from other online shops

Crime trend

In the first half of 2021, there were 2,804 online shopping fraud, a decrease of 30.7% when compared with 4,046 cases in the same period last year. The total loss was $46 million. Excluding the 2,292 cases of face mask related fraud in the last year, the number of online shopping fraud indeed surged by 60%. The case with highest loss was $0.78 million, in which a 46-year-old man sold Tether (USDT) on a cryptocurrency platform and the buyer purportedly paid by cheque. After the man delivered the cryptocurrency, he found that the cheque was dishonored and the seller could not be reached.

The youngest victim in the first half of this year was an 11-year-old boy who paid $2,000 online to buy a smart phone he found in a social media platform. The other party lost contact afterwards.

Electronic game consoles, electric appliances, concert tickets, theme park tickets and food are hot items in online shopping fraud lately.

Scam Prevention Tips

Patronise reputable online sellers, trade face to face whenever possible

Purchase tickets and shopping coupons through official sales channels

When selling goods, do not just rely on deposit slips as proof of completed payments

Before payment, you should search the phone number, bank account number, page name, etc. provided by the seller, and pay attention to negative reviews

In case of doubt, terminate the transaction immediately

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