The internet is rapidly becoming a broader marketplace today, as more people are taking advantage of the convenience and speed it offers to seal transactions without the need for physical contact.
Social media now accounts for a large volume of e-commerce businesses as it offers free access to consumers for vendors. Unfortunately, however, it has also become a breeding territory for online bad actors. The growing number of users is not divergent from the rising cases of online scams.
The most common form these scammers have taken in recent years has been fake online vendor accounts. These fraudsters pretend to be legitimate sellers of goods and/or services, with some even having phoney websites to increase customer appeal.
While many online sellers are legitimate, scammers use the anonymous nature of the internet to rip off unsuspecting shoppers. They open these online stores for a short time, often selling fake branded clothing or jewellery pictures stolen from other pages or the internet. They typically sell at much lower prices than the normal prices sold by other legitimate sellers to lure unsuspecting victims. After making a number of sales, the stores disappear.
However, if you have recently been a victim of online sales fraud, it's not irredeemable. Here are simple steps to get back your money if you've been scammed by an online vendor.
While these steps will help you recover your money, it is also advisable to protect yourself from online scams by taking these simple steps:
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