Thursday, December 3, 2009

eBay Scams - Hijacked Accounts

What are Hijacked Accounts?
Hijacked eBay accounts are accounts that have been deceitfully taken from their rightful owners. A few posts back, I showed a few ways whereby the "less-than-honest" people can get some reputation, or positive feedback. Hijacking other users' accounts are just an extreme way of doing that. In some places, hijacking can be known as
hacking.

How do you avoid being scammed by Hijacked Accounts?
It's not easy to detect hijacked accounts, because they were legit once. However, just because they are difficult to detect, does not mean it is impossible. There are some signs to determine if the account is hijacked or not.
  1. The seller tries to make you contact them via an external e-mail address.
  2. The seller is selling items of a totally different nature from the ones sold before this. It's possible to check using eBay's history function.
Some things that can be done to minimize risk are:
  1. Try not to trade using wire-transfer, money order, or personal cheque. Using this is like using money. These methods offer no protection to the buyer. Companies like PayPal, though not foolproof, is a much safer bet. Make an account there and use it for all your transactions.
  2. Check the bidders of the sale, if any. See if they have any other bids, or if they keep bidding on each other's items, but never buy them. Some fraudulent buyers use multiple accounts to make their bid look more appealing, and to raise the price.
By taking these simple precautionary measures, one can minimize the risk involved in trading online.

PayPal

Say goodbye to traditional paper methods, such as checks and money orders. PayPal does everything those methods do, without the hassle. It's also much safer, I've heard. What does this have to do with eBay? PayPal is a wholly owned subsidiary of eBay.

I realize PayPal has been around for quite a while, but I have never used it personally.

This means that paying your fees has become a whole lot easier. No more having to personally go down to meet your clients, or worry that the client will not show up. Worried about your item not showing up when you buy something using PayPal? Don't.

Security
PayPal has something called the "PayPal Buyer Protection", which will protect you from cases where the item does not show up, or is significantly different from what was advertised. What this means is that PayPal will cover transactions for the full purchase price and postage expenses. This, ladies and gentlemen, is a good thing. This means you don't have to worry about some joker making a quick buck out of you by selling you low quality merchandise, or running off after receiving the money.