online frauds social media market place

Sharing you with details of fraud which fraudsters are trying to do with public. This is again a kind of fraud where fraud ster trying to take your money from your account with your help only.

This type of fraud is happening mostly with those people who are selling some products online but not on Amazon or flipkart but trying to sell products on social media plateform like facebook , OLX etc.

When we sell products on social media we are not aware of buyer and sometimes fall in prey of these fraudsters while receiving payment from them. Actualy these fraudsters always ask you that they will pay online and you send your products at home. They give incorrect address for product to delivers. But we cannot check what address they are sharing is correct or not. 

How they take your money. 

This is very important to note . Actually while receiving from them they always ask you to provide your phone pay number. Using upi they will transfer money. Actually if some one need to transfer money using they just need your number linked with upi and you need not approve anything. fraudster will not transfer nay money but they use another option of upi with which they send you fund transfer request. This means they are not transferring any money to you but they are raised a request to you which will debit same amount from your account. This will happen when you approve payment request sent by fraudster. Once you approve their request amount requested by them will be debited from your account and credit in fraudster account. 

Only thing which we need to take care is we should not approve anything while receiving money from other person. We need to approve paymemt request only when we are giving money.