Overpayment fraud


This fraud targets person selling highly cost value on online auction websites. Here the fraudster finds your post. You’re sent a mail offering to pay much more than your actual value. The excuse provided is doubtfully is connected to the many worldwide charges to ship the product overseas. In return, you’re requested you pay the scammer the product and money for the balance. This seems legitimate and you agree to the deal. You sent a money order or bank’s draft that looks real and you deposit it. The applicant is at your home as you hand over the balance and the product you were selling. Later you the bank contact you to say that the payment technique was faked and you’re out of pocket.