Online marketplaces have become a haven for fraudsters, with millions of Australians falling victim to scams.
New research by Finger found that 10 per cent of people surveyed have been duped while trying to sell their second-hand goods online.
Victims lost an average of $560 in the past 12 months.
Five per cent of respondents were scammed once, and another five per cent scammed more than once.
A further 15 per cent were targeted by tricksters but did not fall victim.
Finder money expert Angus Kidman said scammers targeting the second-hand market was concerning.
“There’s a lot of people doing it tough who are selling unwanted items to make some spare cash,” he said.
“But instead of a cash injection, unsuspecting Aussies are falling victim to fraudsters.
“No matter what type of stuff you’re selling – whether it be video consoles or caravans – criminals will try to take advantage of sellers.”
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Kidman said there are many red flags to look out for.
“Offenders will often urge sellers to accept payment through PayID and arrange a ‘relative’ to collect the item,” he said.
“Never divulge personal information and never click on a link sent to you in text or email associated with the sale as it could be a virus or worse.”
Kidman also urged online sellers to be extra vigilant online.
“If you’re selling on a social media platform – click on the potential buyer’s profile and see if they look legitimate and have any ratings as a buyer,” he said.
“Some swindlers try to convince sellers that they had transferred too much money as payment for the item being sold, and request they transfer the difference back. An overpayment is always a scam.
“Accepting cash only on collection in a public place is one way to ensure you don’t get scammed.”
Finder’s tips on staying scam-safe
- Never send money to strangers. Under any circumstances.
- Pay by credit card. That way, you’ll have some recourse if things go awry.
- Be wary of unsolicited emails. Your email, financial and other service providers will never email you to confirm personal info or passwords.
- Go with your gut. Con artists use pressure and threats. When in doubt, slow down. A quick online search can often confirm your suspicions.
