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Payment Problems - How to Avoid Escrow Frauds  
HOW TO 

Tags: Escrow Fraud, Internet Crime, Cyber Crime, Internet Crime Prevention, Escrow, IC3

When participating in an auction online a buyer can often be asked to use an escrow service for payment. The idea when done by a legitimate company is great, it protects both the buyer and the seller. However, there are some escrow companies out there that are just out to take your money. Here are some tips on avoiding escrow fraud.

	Always type in the website address yourself rather than clicking on a link provided.
	A legitimate website will be unique and will not duplicate the work of other companies.
	Be cautious when a site requests payment to an "agent", instead of a corporate entity.
	Be leery of escrow sites that only accept wire transfers or e-currency.
	Be watchful of spelling errors, grammar problems, or inconsistent information.
	Beware of sites that have escrow fees that are unreasonably low.

Lister: Andrea
Source: IC3

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