There are so many scams at online auctions. First is
the escrow scam: the seller requests that you use a certain
escrow company to pay for your item. But the escrow service
is a fake in cahoots with the seller -- you're out all your
Second is the phantom seller with the great
(fake) bid history. When you try to check up on this seller's
history you will see nothing but praise -- too bad all the
praise has been posted by the seller and his friends. Again,
you're out all your money.
This next one is for sellers: the fake cashier's
check. This scam bears a strong resemblance to the Nigerian
letter scam. Here's how it happens: You get an order from
someone who wants to pay by cashier's check -- they are usually
outside of the United States. You deposit the check. The bank
tells you the check has cleared and you send the items. Several
days later, you'll find out the check really didn't clear
(oops!) and the bank holds you responsible for the balance.
In another twist, you'll get a cashier's check for more than
the amount you requested. The buyer will ask you to refund
the difference. You do -- then the cashier's check bounces
and the bank holds you responsible for the balance.
about more scams.