Better Business Bureau warns of overpayment scam

BBB warns of overpayment scam

WICHITA FALLS, Texas (TNN) - The Better Business Bureau is warning consumers selling used items online to beware of the overpayment scam.

If you are decluttering your home by selling unwanted items online, be on the lookout for buyers wanting to pay you more than the listed price. Make sure any payments you receive are legitimate before you ship your item to the seller.

Here’s how the scam works:

  • You post an item for sale online and you are contacted by a buyer who seems trustworthy, they offer to pay more than what you’re asking for
  • The scammer may claim they want to cover shipping or other fees for you “because you’ve been so helpful”
  • They may mail a check or provide an online payment for more than the asking price and then insist it was by mistake
  • Once you have been overpaid, the buyer will ask for their extra funds back
  • After you’ve returned their payment, you’ll likely find their initial payment was false; the check will bounce or the buyer’s online payment will be declined
  • You will have lost the money you “returned” along with the item you sold

If someone tries to overpay you for any reason, consider it a red flag. Be sure to report suspicious activity to the online marketplace.

To find out more information on the BBB scam tracker, visit their website.

Copyright 2021 Texoma News Network. All rights reserved.