The Chargeback Scam
It happens when a consumer makes a purchase online. The customer makes an order and unknowingly pays for the items, but the vendor does not deliver the goods. The customer is given the opportunity to accept or reject the order. If the consumer accepts, the customer loses the money and gets scammed. On the other hand, if the customer rejects the order, the customer must bear the losses, to the amount incurred for the order, including shipping and handling, customs duties, courier charges, etc. The victim loses a lot of money without any real or obvious reason.
Chargeback Scam Process
If a chargeback is requested, then it is believed that the vendor would need to re-order all products they need in order to re-ship the faulty products to the consumer.
The Process of the Chargeback Scam
Some online stores have various procedures and guidelines to follow if their customers have any issues. On its part, Zibbet acknowledges that many of its customers have expressed frustration in dealing with the chargeback scam process. The website’s users are mostly individuals with more moderate spending habits, who do not expect to face such unwanted situations.
Zibbet further stated that the chargeback process at Zibbet often starts with fake chargebacks being filed by bots or unknown buyers or sellers. One can expect to hear a notification from the company confirming the fraudulent chargeback. The company then informs the customer regarding the same.
How to Spot a Chargeback Scam
People who are unaware of or unaware that they are being scammed have also fallen victims to chargebacks scams and have lost a substantial amount of money. These victims unknowingly fell for or were tricked into making a purchase that turned out to be a scam.
Chargback scams are commonly referred to as “naked” because the victim does not know it is a scam until after making the purchase. People who have fallen for chargebacks are often tricked into making a purchase and then the seller’s online payment platform will deny the chargeback as it seems the payment was made in error.
What to do if you fall victim to a Chargeback Scam
The primary thing to remember when you are victim to a chargeback scam is that you do not have to pay back the original amount that you have spent.
Protecting Yourself From These Scams
To protect yourself against this scam, you have to ensure that you are always keeping an eye out for threats. Scammers use the following strategies to collect money from their victims:
Deception: Some online scams trick victims into depositing money on their behalf. This includes fake Facebook accounts or fake email addresses. Victims end up giving money to the “sender” in the belief that it is for the person who has created the account or email address.
However, victims are often unaware of the cyber or fraudulent nature of these transaction and as they continue to send money, they fall victim to more sophisticated scammers.
Online frauds such as chargeback scams are becoming a common occurrence. All too often, victims are tricked into giving away their personal information and money to these fraudsters in the hope of getting a refund on goods that were sold online that they never received. Consumers must do their part to prevent their personal information from falling into the wrong hands in order to help protect themselves from cybercrime.