Shopping online? A surprising number of people fall for online shopping scams.
Newly published data from Lloyds Banking Group revealed that over two-thirds of online shopping scams begin on the social media platforms Instagram and Facebook.
Spot a Scam
This alarming figure signifies how savvy fraudsters are utilizing social media to prey on unsuspecting shoppers searching for a deal. There has been a rise in online scammers creating fake business pages, social media ads, and even fake online stores.
Fortunately, Nick Drewe, Retail Expert at online discounts platform, Wethrift, has compiled a list of key things that you can be vigilant for when spotting a purchasing scam on social media.
Is the Deal Too Good To Be True?
If a ‘deal’ you see circulating around social media looks too good to be true, that means it probably is. A product or service being advertised on social media for what seems an excessively low price can be a sure indicator of a potential purchase scam. Always trust your gut and use logic for whether a deal is legitimate or not.
Is the Business Page New?
Fraudsters are getting savvy when it comes to replicating a brand’s social media pages or creating an entirely fake retailer, so it’s important to check out the page itself.
Does the page seem new, with a lack of posts, low followers/likes, and engagement? This could indicate that the page is fake and merely attempting to replicate an established business or a new division of a business.
Is the Branding Correct?
Often, when scammers are replicating a brand’s page, they can get a little sloppy when it comes to branding. Low-quality images and logos, poorly photoshopped designs, or using outdated branding are key things to look out for on a brand’s social media page.
Does the URL Look Suspicious?
Hover your cursor over the URL the post or ad is asking you to click through to, but don’t click until you’re sure it’s safe. Do a quick Google search for the brand name and check that the URL matches the official site.
Often, social media purchase scammers will create a URL that is a close resemblance, but there will often be subtle differences that could easily be missed.
Are You Being Asked To Pay via Bank Transfer?
The majority of purchase scams on social media will ask unsuspecting shoppers to pay for items via bank transfer. No legitimate business will ask for you to do this, so this is a sure sign of a scam.
Always shop on social media with a retailer who facilitates paying through secure methods such as credit cards or PayPal, which has buyer protection.
A secure website URL that you see on social media will always have ‘https’ and a closed padlock symbol at the beginning of the URL, which means it is safe to purchase goods through.
Don’t Be Fooled Just Because It’s a Paid Advertisement
Often, many shoppers can be tricked into believing a retailer is legit due to them using paid social media ads. Remember, any business page can create an ad on Facebook and Instagram, so don’t automatically assume that a paid ad is safe to click through and purchase goods from.
Look for Reviews
IgorVetushko via DepositPhotos.com.
No reviews are a sure sign that a business page on social media is fake – look at the reviews section on the Facebook page and do a quick Google search for “[brand name] reviews.”
If there are reviews, make sure that the reviews directly reference the item you are purchasing. Sometimes sellers hijack existing reviews to make it seem like their product is legit.
Check With the Company Directly
If you are still unsure, it’s always better to be safe than sorry – contact the brand directly through their official channels to ensure that a deal you see promoted on social media is legitimate and safe.
Shop Deals That Have Been Promoted From Official Channels
Goodluz via DepositPhotos.com.
The rise of online purchase scams on social media signifies how important it is to only shop deals that come from official channels, such as signing up to your favorite brand’s mailing lists to access deals.
20 Legal Things That Will Probably Be Illegal In The Next 20 Years
In today’s modern world of legalities and regulations for everything, there are certain things that people are eager to see illegalized in the next two decades, despite the complex legal landscape or things people think will become illegal in America.
20 Legal Things That Will Probably (Hopefully) Be Illegal in the Next 20 Years
15 Things That Are Really A Scam But Have Been Normalized By Society
Have you ever seen something that is so crazy and ridiculous that you are sure it’s a scam but is actually normalized by society? Do you know that society is being scammed, but everyone is just acting like it’s normal?
15 Things That Are Really a Scam but Have Been Normalized by Society
10 Crazy Myths About Women Men Actually Believe
In our society, many myths and stereotypes exist about women. Unfortunately, some men still believe in these myths, even though they have been debunked time and time again. Here are some of the crazy myths that men believe about women.
10 Crazy Myths About Women Men Actually Believe
20 Things We Thought Were Awesome As Kids But Actually Are Pretty Terrible Now
As children, we experienced many things that seemed magical and exciting. However, as we grow up, we realize that some of those things aren’t as great as we remember them to be. They are just not as fun as adults.
20 Things We Thought Were Awesome As Kids but Actually Are Pretty Terrible Now
10 Things Everyone Takes For Granted That Could Disappear Tomorrow
In our bustling lives filled with routines and daily distractions, we often overlook the precious aspects of our existence that we consider permanent fixtures. We take for granted the comforts and conveniences that surround us, failing to recognize they might disappear.
10 Things Everyone Takes for Granted That Could Disappear Tomorrow