123chargeback/Blog/Overpayment Scams: What Should You Know About Them & How to Avoid Overpayment Frauds

Overpayment Scams: What Should You Know About Them & How to Avoid Overpayment Frauds

overpayment scams

Are you ready to know about the most infamous scams ever made? Continue reading about refund scams.

What Are Overpayment Scams?

Overcharge scams or overpayment frauds are those scams that involve false refund transactions to scammers imposing customers that overcharged when paid for services or goods.

What Does The Scammer Do to Scam You?

How to expose check overpayment scams? You may do so by knowing the following steps of the scammer’s phishing scheme:

  • Firstly, a fraudster will call you or write and talk about purchasing your goods or services;
  • Secondly, you will receive the money order, credit card, and cheque in twice or even bigger than the matched price;
  • Thirdly, your “friend” asks you to give your money back. After it, the scammer can ask you to refund the overpayment to another credit card or bank account, or his or her shipping firm.

How Do Overpayment Scams Work?

What is the main hope of scammers? A general scammer assumes you will send the money before noticing that their cheque has bounced or that their money order or credit card is fake. And the vast part of people won’t notice it.

The next scheme is applied in the following way: a scammer asks you to transfer money to pay up taxes or transport fees.

Remember the next thing! If you send some money to such a client, you will not get it back. Also, if you already send an item you will lose it too. Moreover, remember about your time wasted and stolen by a scammer.

What Is an Example?

You decided to sell clothes online. Once one man wanted to buy some stuff for his girlfriend. He made a transaction but accidentally overpaid you. The transaction was made by credit card and the amount is higher than the agreed price. After it, this man contacted you with an apology for the overpayment. Moreover, he will require you to get his money back and may additionally ask to send extra fees shipping costs. Well, you got in a trap of a scammer if you decided to send “his money” back.

How to Avoid Overpayment Credit Card Scams:

  • Never transfer money on for a client. This can be money laundering, which is a crime and can be punished by law;
  • Don’t give the things to the client until their transaction has been received in your bank account;
  • Don’t send money to the suspicious shipping company because it’s only an element of a scamming scheme to take your money;
  • You manage a deal with a customer but he or she overpaid you and now asks to wire the difference. Well, you better cancel the whole order or look attentively at your cheque, money, or credit order. Overpayment check fraud is very common;
  • If you earn too much money from an overcharged transaction on a credit card by payment but a client decided to ask you to transfer this payment to a third party;
  • Don’t transfer money to somebody you don’t identify. A legitimate buyer won’t overpay you for an order because he or she won’t trap in a situation where she or here overpays.

How to Report Overpayment Credit Card Scams?

overpayment fraud

The team of 123 ChargeBack together with our partner is here to help you! If you already have become a victim of overpayment scams we recommend you to make a report by following this link. Let’s give a fightback to all scammers that want to perform or already performed one of the check overpayment scams.

Thank you for reading this article till the end. We recommend you to read the next articles:

Do you like this article?
no 0

Author of article

Tatiana Sharapova

Interests: music, finance, cinema, art

See all articles

Related posts

Related posts

Get your money back
Required fields are marked*

This site uses cookies to ensure you get the best experience on our website.

Learn more
Go up