Check Overpayment Scams

In the check overpayment scam, the person to whom you’re doing business with sends you a check for more than the amount they owe you, and then instructs you to wire the balance amount back to them. Else they send a check, and tell you to deposit it and to have a part of amount for your own compensation, and then wire the rest back for one reason or another. In both the cases results are the same the check eventually bounces and you’re stuck, responsible for the full amount, including what you wired to the scammer.

The Federal Trade Commission (FTC) is warning customers of a dangerous and growing swindle called the “check overpayment” scam; nowadays this issue had become most common Internet scam in report. The original foreign lottery scams simply proclaim that you are a major winner in a so and so foreign lottery contest.

Cautions:

The checks in this scam are not real, but they look real enough to fool most bankers. Also one of the greatest risk which should be considered as the serious issue.

Tips to avoid Check Overpayment Scams

• Know to whom you’re dealing with and independently confirm your buyer’s name, street address, and telephone number.
• If you’re selling something over the Internet, say “no” to a check for more than your selling price, no matter how tempting the request or convincing the story.
• There is no legitimate reason for someone who is giving you money to ask you to wire money back.

Feel Free to use our Spam Checker Tool

We are providing the Spam Checker Tool for your convenience. Here your can enter the email or the contact number that you suspect to be a scam. This tool checks it with our spam database list and ensure your regarding the email or the phone number is real one or the bogus.

Report scam to United States government-you could file a complaint about scam or other crime here.