Selling Safety Tips

Updated: 01 January 2014

Thanks to the Internet, it has never been easier to buy or sell. The ability to upload and view photos and product descriptions, and contact sellers and buyers - all with a click - have transformed the business, and people's experience of buying and selling.

However, the internet has also made it easier for dishonest buyers and sellers to defraud larger numbers of people, so there are a number of things you need to be aware of before going online to buy or sell products.

When buying, selling products or using services provided by Users/Members on KashADS.com website, you are accepting Terms of Use, Privacy Policy, Cookies Policy, Posting Policy and other policies displayed on KashADS.com.

Selling: The Risk and Selling Safety Tips

1. The Risk

1.1.Fraudulent buyers – thieves posing as potential purchasers – who offer the entire value paid via a PayPal or similar account created with false credit card details.

1.2.Fraudulent buying companies asking you to pay a ‘refundable’ deposit for completion of sale and collection of the goods.

1.3.Payment not being made or cleared until after you have released the goods, including payments via forged bankers’ cheques or fake escrow services.

1.4.Export scams – encouraging you to transfer ‘shipping fees’ to ‘buyers’ abroad.

1.5.Text messages expressing an interest in your goods, but providing excuses as to why they cannot call you. These may be part of a premium rate scam which will charge you large sums of money if you respond with a call or text.

1.6.Phishing emails requesting login and payment card details, claiming to be from buying and selling websites or from KashADS.com.

2. Selling Safety Tips 

2.1.When selling a vehicle, make sure any test driver has a valid driving licence and suitable insurance cover. You could be liable for any accidents they may have.

2.2.Never hand over the goods or documentation until your bank has confirmed the full value of the goods has cleared into your bank account.

2.3.Never send money abroad.

2.4.Never pay a large deposit.

2.5.Don’t be pressured into releasing your goods – a genuine buyer will not mind waiting until the draft has cleared.

2.6.Be careful about how you take payment:

• 2.6.1. Cash – ask for the cash to be handed to you in a bank, where the notes can be checked for forgeries and paid in immediately.
• 2.6.2. Cheques – never let the buyer take your goods until the funds have cleared in your bank account.
• 2.6.3. Bank drafts – are not as good as cash, so treat them in the way you would a personal cheque.
• 2.6.4. Online bank transfer is one of the safest ways to pay as it avoids handling large amounts of cash and the problems associated with cheques.

2.7.Keep things local by meeting face-to-face with the buyer to exchange goods and money at the same time.

2.8. For your personal safety, meet in well lit public place and always take someone with you, or at least tell a friend where you are going and who you are meeting with.