Fraud Prevention: Case Study 10 - Fake Courier Website

Problem:

“I finalized a deal with this Chinese company and we both agreed that the total cost of the order will be divided into 3 payments. First payment of USD $300 before shipment, second payment of USD $800 after the verification of tracking information and the third and final payment of USD $1000 after the order is received. The supplier told me that he would send the package through a local and reliable courier. He gave me the URL of the courier's website along with the tracking number.

I visited the website and when I saw, “Package in Leicester - On Hold” I sent the payment of USD $800 as we had decided earlier. As soon as he received the payment, he contacted me and told me to pay in full. He said I won't receive the package if I didn't send the rest of the amount immediately. See, he is a fraud. He built a fake courier website. He operated it and made me believe that the package was on the way, but on hold until the supplier received the payment. This is how he is committing fraud online”.

Evaluating this Case:

1. Refrain from using courier websites you have never used or heard about before. It is not a good practice to rely on an unknown courier website for the shipment of your goods. When a supplier forces you to use a particular courier, find out about the reputation of that courier via search engines and see what others are saying about it.

2. Visit http://who.is to get information about the domain of the courier website, like domain name owner, when the domain name was registered, and so on. If the domain name of a particular courier website was registered only a few months ago, then exercise caution.

3. When a supplier asks for additional payment to facilitate the process of product shipment, be cautious as it's most likely a sign of fraudulent activity.
 

Visit Business Forums and discuss the basics of import & export and how to start, establish and promote your business.

Important Links:

[Business Community, Affiliates Forum, Technology Forum, Trade Show Forum, B2B Marketing]


Fraud Case Studies:

Fraud Prevention: Case Study 5 - Fake Purchase Orders by Dishonest Immigration Companies

Fraud Prevention: Case Study 6 - First Meeting with the Supplier in Person

Fraud Prevention: Case Study 7 - Extremely Low and Attractive Price

Fraud Prevention: Case Study 8 - Be Cautious! Even with Old Trade Partners

Fraud Prevention: Case Study 9 - Supplier Sent Wrong Products and Disappeared

Escrow:

Introduction to 'Money Transfer via Escrow'

Let Escrow Services Secure Your Payments Online

Tips to Remember When Using an Escrow Service

Tips to Remember When Using an Escrow Service

Every individual involved in buying and selling online is consistently searching for the best payment method. Today, L/C, T/T, Wire Transfer and Western Union are the most commonly used payment methods. However, when it comes to security and convenience, escrow surpasses them all. You can easily find many escrow services online, like Escrow.com.

Even though escrow is considered to be the safest method of completing your transactions online, it is also advisable to always keep in mind the following important tips:

Find a Reliable Escrow Service:

To ensure that the scam is carried out flawlessly, con-artists build their own escrow websites that seem completely authentic and reliable with good domain names like whyescrow.com. It's not easy to take a look at a website and detect whether it is a genuine escrow website or a fake one. Thus, it is advisable to use a famous escrow website to send or receive payments such as Escrow.com or PayPal.com. Millions of people have used these websites successfully.

Properly Secure Your Account:

Con-artists use all kinds of tricks to illegally acquire access to an individual's account. It is highly recommended to make your password difficult and install a firewall or anti-virus software. After getting access to your account, they can easily transfer your hard earned money into their own accounts. Thus, secure your account with a difficult password and also install a firewall and latest anti-virus software to prevent scammers from stealing your account and personal details.

Take the Processes on the Escrow Website Seriously:

Escrow services recommend that buyers don't allow to release payment until they receive their order and are completely satisfied with the quality of products. Suppliers should send out the products only after they hear from an escrow service that the buyer has deposited the money and it's safe to ship the goods.

 

Visit Business Forums and discuss the basics of import & export and how to start, establish and promote your business.

Important Links:

[Business Community, Affiliates Forum, Technology Forum, Trade Show Forum, B2B Marketing]

More Escrow Related Articles:

Introduction to 'Money Transfer via Escrow'

Let Escrow Services Secure Your Payments Online

Fraud Case Studies:

Fraud Prevention: Case Study 1 - Tips for New Members

Fraud Prevention: Case Study 2 - Incorrect Details

Fraud Prevention: Case Study 3 - Even Suppliers Get Ripped Off

Fraud Prevention: Case Study 4 - Good Sample But Bad Order Production

Fraud Prevention: Case Study 5 - Fake Purchase Orders by Dishonest Immigration Companies

Fraud Prevention: Case Study 6 - First Meeting with the Supplier in Person

Fraud Prevention: Case Study 7 - Extremely Low and Attractive Price

Fraud Prevention: Case Study 8 - Be Cautious! Even with Old Trade Partners

Fraud Prevention: Case Study 9 - Supplier Sent Wrong Products and Disappeared
 

Let Escrow Services Secure Your Payments Online

If you have never used escrow to send or receive payments online, then you have kept yourself away from an easy and secure way of sending / receiving money and completing transactions. Let's discuss why escrow has gained popularity worldwide in terms of secure money transfer, when you buy or sell online, and its ease of use.

Escrow Makes Your Transactions Secure:

An escrow service works as a bridge between buyers and suppliers. It takes money from a buyer, holds it and doesn't send it to the supplier until the buyer receives the shipment and confirms the order. The escrow service informs the supplier when it receives money from the buyer that they can safely ship the order to the buyer.

As a buyer, you must always ensure that you agree to release the payment to supplier only after you receive your order and are totally satisfied with the quality of the products. As a supplier, you must always ensure that you send out the products only after you hear from the escrow company that they have received the money from the buyer. The purpose of escrow services is to make your online transactions as secure and safe as possible. Hence, they take all the necessary steps needed to secure your payments online.

Escrow Makes Your Transactions Quick and Easy:

If you compare escrow services with other famous payment methods like L/C, then you will notice that escrow is easy to use and quick to transfer money. Buyers can directly buy from manufacturers and wholesalers and significantly reduce their sourcing time by paying via escrow quickly and easily. Suppliers don't have to go through the hassle required by L/C. They simply ship the order and receive money directly from escrow.
 

Visit Business Forums and discuss the basics of import & export and how to start, establish and promote your business.
 

[Business Community, Affiliates Forum, Technology Forum, Trade Show Forum, B2B Marketing]

More Escrow Related Articles:

Introduction to 'Money Transfer via Escrow'

Fraud Case Studies:

Fraud Prevention: Case Study 1 - Tips for New Members

Fraud Prevention: Case Study 2 - Incorrect Details

Fraud Prevention: Case Study 3 - Even Suppliers Get Ripped Off

Fraud Prevention: Case Study 4 - Good Sample But Bad Order Production

Fraud Prevention: Case Study 5 - Fake Purchase Orders by Dishonest Immigration Companies

Fraud Prevention: Case Study 6 - First Meeting with the Supplier in Person

Fraud Prevention: Case Study 7 - Extremely Low and Attractive Price

Fraud Prevention: Case Study 8 - Be Cautious! Even with Old Trade Partners

Fraud Prevention: Case Study 9 - Supplier Sent Wrong Products and Disappeared