There’s no one single or definite way to verify if a transaction is fraudulent.
However, following the safety requirements, using common sense, and taking good judgment can help improve the safety of the transaction.
Safety tips for Buyers
➣Decide on the delivery terms, delivery mode, price, and payment terms beforehand.
➣While meeting the seller, always meet at a safe location, preferably a public place.
➣If required, ascertain if the seller has the appropriate authority to negotiate, sell and receive the payment.
➣The best and safest way to buy is to inspect the item, collect the item and pay at the same time.
➣It is strongly recommended you purchase directly from the seller.
➣If renting an apartment or a house, make sure you know all the terms clearly.
➣If purchasing a vehicle, it’s best to get it verified by independent, third-party agencies to check for theft, damage, chassis number, vehicle history, etc.
➣From electronic gadgets to cars, make sure you satisfy yourself with the condition and functioning of the item,
➣You should never give out any personal/financial information unless it is clearly required for the transaction.
➣Paying or transferring funds before you receive the item satisfactorily is extremely risky. Don’t do it.
➣Avoid transaction methods you don’t know or don’t trust.
➣If an offer sounds too good to be true, it’s best to view it with suspicion.
➣Last but not least, do your research on the prices of comparable items.
Safety tips for Sellers
➣Decide on the delivery terms, delivery mode, price, and payment terms beforehand.
➣If you are accepting cash, do your best to verify if the currency notes are genuine.
➣To be fair, the products you sell should match the features you listed on the site. This prevents any potential misunderstanding.
➣It’s in your interest to exchange the goods and the payment at the same time. A promise of payment in the future is risky.
➣If the buyer is looking for a bulk order, it’s always wise to cross-check the buyer’s credentials.
➣If the buyer is offering a mode or instrument of payment other than cash, it’s strongly recommended you check if it’s safe.
➣You should never give out any personal/financial information unless it is clearly required for the transaction.
Keeping your account safe
➣Never share your login and password information with anyone.
➣It’s best not to store the login password info in the browser.
➣Your password should be difficult. We strongly recommend having a password that has a combination of digits, letters, and symbols.
➣If you suspect someone knows your password, change it immediately.
How to create a safe ad
➣The ad you post should talk about the product/service. Stick to writing only those things that are required.
➣Control information going out from your end. The less you disclose, the safer you are.
➣When uploading photos, make sure no unnecessary personal information like your house number or the vehicle registration number inadvertently creeps into the frame.
➣While it is good to sound genuine while publishing ads, do not disclose any personal information.
➣Be cautious of the photos you publish. Photos that have people are usually avoidable.
