Bank Transfer (Scam Mail)
Such scam mail originated in Nigeria but now emanates from other countries. Often, victims of this scam receive an introduction letter via email. Insuch aletter they are usually told a story about a wealthy person (for example a rich businessman or government official) who has died. The letter asks the receiver to provide a **** where the deceased's money can be deposited safely, and promises to give 20%-30% of the total money as compensation. To see an example of this scam mail, please click here.
Pro forma Invoice (to get your personal information)
Some fraudsters may ask for a pro forma invoice when they do business with you, and then after you provide this, they may attempt to withdraw your funds, and purchase samples using your good name and business reputation. Your stolen identity may even be used to help con the fraudster's next victim.
Credit card
Be very careful if a business partner you meet through the internet informs you that they can only send you payment by check or credit card. If you accept these payment methods you are running a risk that the checks have been forged, or the credit card numbers stolen, and ultimately you may have to bear the loss.
Related Sites:
National Fraud Information Center (NFIC)
Association of Certified Fraud Examiners
Financial Crimes Enforcement Network (Fincen)
Internet ScamBusters
Re: The most common Internet scams
by vincent on 05 Jan 2006 20:31
Quote from Jeffrey Sampson
_______________________________
First things first.
It really is not all that hard to find out if suppliers/sellers are legitimate or not.
All developed countries have requirements of some type (business licensing), do a little bit of homework and call or email the licensing agency and inquire about that company. You can gain a wealth of knowledge in most cases.
Credit card transaction are generally your safest bet when making purchases from a company the first time if you have any doubt.
Another good method is using third party inspectors.
Accepting credit cards is much safer than you may think. We use secure pay for our credit card processing and to date we have not lost any merchandise at all, to fraud or anything else. It does cost money to use these credit card gateways, but business cost money not to mention you will increase your sales by accepting credit cards.
Paypal can be safe in most cases if you just be careful. You will always be able to authenticate paypals website an example of this is their website address wills always have an s in the https not http
If you want some advice from my 20 plus years of experience using many payment methods from accepting credit card, checks and money orders. Feel free to email me I will share my experience for FREE.
I have never fell for one scam or lost one product/good to a scammer.
I have spent countless hours on research for safe payment transactions and company verification procedures and policies.
Accepting many payments is safe it just requires implementing a few basic rules.
One other note I accept Western Union Wire Payments, that does not make a vendor in itself a risk.
You have to beware but with a little caution and homework do not be afraid to accept most payments including electronic checks.
All of these payment forms have helped me out sell most people.
I am not affliated with any bank or payment gateways, it is just advice from over twenty years of being in business.
To your success,
Jeffrey Sampson
__________________________________
Dear Sir ,
How can we received the payment from buyer via Credit Card ? you know , we are always B2B , Some buyer always ask for the sample , payment via Credit Card .
Pls advise us , thanks .
Best regards
Vincent Wen
heraldsz@yahoo.com.cn
Re: The most common Internet scams
by ca1955 on 18 Jan 2006 06:03
I received a mail information from a Internet lottory Agent in China saying that every year they are making internet lucky draws in the global basis on the basis of email account who use internet frequently. In the lucky draw they held in the last year i.e. in July 2005 my e-mail account won the first price of USD 800,000.00 and for disbursing this amount to me they asked for my complete address and Bank account numbers and introduced me a Bank named GLOBAL CREDIT BANK, LONDON, giving their complete address, telephone, fax, e-mail, website address etc. an now I am getting reminders also from this bank to deposit USD 2100/- with the tax account of the Organiser with Bank of China, in China in their tax
account to Govt of China, their account number, branch address have also given.
I am in a confusion, what I should do. I think it is an internet scams. Can you please advise me in this regard.
Re: The most common Internet scams
by johnleo on 23 Jan 2006 21:53
Replying to jeffs43:
Dear Jeff,
Quoting from the titles of this Thread about Proforma Invoices:
Pro forma Invoice (to get your personal information)
Some fraudsters may ask for a pro forma invoice when they do business with you, and then after you provide this, they may attempt to withdraw your funds, and purchase samples using your good name and business reputation. Your stolen identity may even be used to help con the fraudster's next victim.
1)What is a PROFORMA INVOICE???
2)Can buyers really scam you if you forward one???
3)What do they LOOK LIKE????
I've just turned down orders from (you guessed it)Nigeria,Benin etc.
Tt (telegraphic transfer), * bill etc. vs. lc (letter of credit)
Author: Catalyst
Back to back letters of credit
Author: Catalyst
The original LC and the one issued against it are independent. See how it works.
