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How To Deal With Facebook Marketplace Scams? Steps To Follow

Facebook Marketplace Scams

No one wants to get scammed, especially when it comes to online buying and selling. However, unfortunately, various news have been circulating about Facebook Marketplace scams, as the platform has become an attractive place for scammers. They have several tricks and techniques so that you can give away your money or products to them. However, by following some careful steps, you will be able to stay safe in the Facebook Marketplace.

In this article, you will learn about Facebook Marketplace scams. Apart from that, we will also discuss some of the most common scams on Facebook Marketplace that you might face. We will then share with you how to ditch those scams so that you can stay away from getting scammed by some random scammer. Finally, we will also show you how to report a Facebook Marketplace scam on Facebook. Hence, read on to learn more.

What Are Facebook Marketplace Scams?

What Are Facebook Marketplace Scams

According to AndroidPolice.com,

Millions of users buy and sell goods on Facebook’s e-commerce platform every month. It’s free, simple to use, and an attractive option to get rid of unnecessary Christmas gifts and other items. While the overall shopping experience on Facebook Marketplace is seamless, you should be aware of growing scams on the platform.

In recent years, the Facebook Marketplace has become a go-to destination for many local buyers and sellers who want to buy and sell small goods online. Apart from that, the most important reason why so many buyers and sellers are present on the Facebook Marketplace is because Facebook does not charge any fee for listing on the Marketplace platform.

However, with time, as the Facebook Marketplace got popular, it became an attractive destination for scammers. However, these scammers are not hard to detect if you know what to look for. All you need to do is get the right knowledge of how the Facebook Marketplace works and what you must do to deal with scams. This will help you to stay safe and not lose your hard-earned money.

Read More: What Is Continuity In Business, And Why Is It Important?

Common Facebook Marketplace Scams: How To Detect One?

According to NordVPN.com,

Facebook scammers use quite a few methods to steal your money or credentials. Modern cybercriminals will often resort to social engineering to trick unwitting consumers into falling for scams. A scammer can fool someone into a false sense of security by relying on a victim’s craving for the cheapest deal.

The following are some of the common things to stay away from on Facebook Marketplace if you do not want to get scammed:

1. The Buyer Wants You To Send The Item Before Payment

If you are a seller, never send an item to a buyer before receiving payment. The buyer might be a scammer and not pay you later.

2. The Seller’s Listing Is Too Good To Be True

The price for which the seller listed the product is too good to be true. Hence, you must avoid such listings and move on so as not to get scammed.

3. Electronic Products

The item you receive might be faulty. The best way to buy electronics is in person. If not, then buy it from a top-end, assured seller in an eCommerce platform. 

4. Overpayment And Then Asking For Refunds

Here, Business Insider warns –

Someone sends you an overpayment — usually in the form of a check — and, for some convoluted reason, asks you to refund the overage. If you do this, you’ll find that the check will eventually bounce.

Hence, you will lose the item you are selling. Therefore, never receive an overpayment.

5. Someone Asking For A Code They Texted You

The scammer asks you to send back a code to check whether you are “real” or not. The code can be a scam where the scammer might hack all the details of your accounts.

6. Claims Of Lost Packages

A buyer can claim that he/she never received the product, even though they did receive it. They just want to get the money back. Hence, always use a tracking number for the shipped product.

How To Report A Facebook Marketplace Scam?

If you think you are about to get scammed, or you have already been scammed, there are certain things you can do to not get scammed any further.

The first thing you should do here is stop communicating with the buyer or seller on Facebook Marketplace. After doing so, immediately report the incident to Facebook or the Facebook Marketplace helpline.

If you think a certain listing on the Facebook Marketplace platform is a scam, here’s what you should do if you are a buyer:

Step 1: Open the listing

Step 2: Click on the three-dot menu on the right alongside the Share button.

Step 3: A dropdown menu will open. Here, choose the “Report Listing” option.

If you are a seller listing products on the Facebook Marketplace, and you think a potential buyer is a scammer, here are some steps you can take to report the individual:

Step 1: Go to the right hand of the listing.

Step 2: You will find a module named “Seller Information.” Hover over to the seller’s name.

Step 3: In the area, click the “Report” option.

Step 4: Click “Scam” and then follow further instructions in the menu to successfully submit your scam report.

In both cases, the authorities of Facebook Marketplace will check the viability of the scam and find out whether the scammer is real or not. Based on the information, they will take further steps.

Read More: Business Continuity Plan – What Is It, And How Does It Work?

Final Thoughts

If you are buying or selling items on the Facebook Marketplace, you will need to be absolutely aware of scammers. You will need to ensure that you ship the item only after you have received payment for the product. Furthermore, it is also important for you to use a tracking number for the product you have just shipped so that you can track the product to the end.

In recent times, the Facebook Marketplace has become an attractive destination for scammers. If you know what to look for, you will not find it hard to detect scammers. Do you have any information to add regarding how to identify scammers on the Facebook Marketplace? Share your information with us in the comments section below.

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Soumava Goswami

Inspired by The Social Network, Soumava loves to find ways to make small businesses successful – he spends most of his time analyzing case studies of successful small businesses. With 5+ years of experience in flourishing with a small MarTech company, he knows countless tricks that work in favor of small businesses. His keen interest in finance is what fuels his passion for giving the best advice for small business operations. He loves to invest his time familiarizing himself with the latest business trends and brainstorming ways to apply them. From handling customer feedback to making the right business decisions, you’ll find all the answers with him!

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Bernard Arnault & Family Biography, Net Worth, Age, Height

When we talk about the luxury industry, he is what we call a “Mogul.” He owns more luxury brands in the world than anyone else. This is what secured his place as the Second Richest Man In The World, with a net worth of $139.1 billion. Who Is Bernard Arnault? Born to a business family in France, Bernard Arnault showed business acumen from a young age. In 1989, became the CEO of LVMH Moet Hennessy Louis Vuitton. He is also the main shareholder of Louis Vuitton. Bernard Arnault became The Richest Man in France and The Second Richest Man in the World. Bernard Arnault net worth is $139.1 billion. His business empire stretches over more than 70 big brands. A few of them are Louis Vuitton, Sephora, Christian Dior, and Le Bon Marche. Personal Information BornBernard Jean Etienne Arnault5th March 1948, Age - 73Roubaix, FranceAlma MaterEcole Polytechnique, PalaiseauBernard Arnault & Family Net Worth$139.1 billionOccupationBusinessman, media proprietor, art collectorFamous ForFounder of LVMHTitle CEO & Chairman of LVMH, Christian Dior SEParentsJean Arnault (Father), Marie-Josephe Savinel (Mother)SpousesAnne Dewavrin (m.1973- div. 1990), Helene Mercier (m.1991)ChildrenDelphine Arnault, Antoine Arnault, Alexandre Arnault, Frederic Arnault, and Jean ArnaultHeight6’1” or 185cmBernard Arnault HouseBordeaux, French Alps, Paris, Beverly Hills, BahamasNicknameThe Terminator Early Life Bernard Arnault was born to French manufacturer Jean Leon Arnault and mother Marie-Josephe Savinel in 1949. He completed his education at Ecole Polytechnique, France’s best Engineering school. He then began working for his father’s company. 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Having a different viewpoint than Henry Racamier, LV president, he turned on Racamier and stripped him of his powers. In 1989, on 13th January, Bernard Arnault was unanimously elected the Chairman of the executive management board. What Benefits Does Bernard Arnault Get After Acquiring LVMH? Bernard Arnault, through his company LVMH (Moët Hennessy Louis Vuitton), has reaped several benefits after acquiring various companies and expanding the conglomerate's portfolio. Some of the notable advantages include: 1. Diversification Of Luxury Brands LVMH's acquisition strategy has allowed Arnault to build a diverse portfolio of luxury brands across multiple sectors, including fashion, cosmetics, watches, jewelry, and spirits. This diversity helps mitigate risks and allows for broader market penetration. 2. Increased Market Power By acquiring renowned luxury brands like Christian Dior, Bulgari, Tiffany & Co., and many others, LVMH has strengthened its position as a dominant player in the luxury goods industry, giving it more leverage in negotiations with suppliers and retailers. 3. Synergies & Cost Efficiencies Consolidating various luxury brands under one umbrella allows for synergies in areas such as marketing, distribution, and production, resulting in cost efficiencies and improved profitability. 4. Access To New Markets Acquiring companies in different regions or with strong footholds in specific markets grants LVMH access to new customer bases globally, helping it expand its global presence. It is one of the turning points of his business success that makes him so big in terms of the acquisition. You must not make your selection and the choices on the incorrect end. 5. 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How To Retire As A Small-Business Owner

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