Facebook Marketplace is a really useful way to buy and sell new and used goods in your area.
Thats why theres literally a billion users on Marketplace, according to Facebook.
Its relatively easy and intuitive to use.
Its a handy place to find bargains or to unload stuff you dont want anymore.
(Heres our guide onhow to sell things there.)
Unfortunately, Facebook Marketplaces wide open nature makes it a natural target for all kinds of scammers and fraudsters.
We dont know about that, but we know there are scams on Marketplace.
Thats because you could find scams wherever lots of money changes hands on the internet.
Who knows what 2023 will bring?
Itll certainly involve more scams, since those arent going anywhere.
Sellers lost their products to fake buyers using fake checks or someone elses identity.
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Facebook has a policy calledFacebook Purchase Protectionto protect buyers.Heres Facebooks guideon how to use the policy.
make a run at use only these payment methods or cash.
If you pay outside of Facebook, it cant track those payments and help you get your money refunded.
Defective Goods
Beware of too-good-to-be-true prices on luxury items like iPhones or PlayStations.
If youre a buyer, you get tricked into paying before you get the goods.
Never share verification codes with a buyer or seller.
The Overpayment Scam
The buyer pays more than the products final price and asks for a partial refund.
However, maybe they paid with a fake check or a stolen card.
You could lose the payment and your refund money.
The Fake Giveaway
They claim you won a prize.
All you have to do is fill out this online form with some personal information…
7.
The Insurance Scam
A buyer contacts the seller and asks them to ship your product.
Once you pay that, you never hear from them again.
The Non-Delivery Scam
The seller never delivers your products after receiving your money.
They offer you an alternative thats a worse deal.
Weve used it many times.
Just watch out for yourself, thats all.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.
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