Safety Trading Tips

On Internet Fraud:

As internet commerce increases so does internet related fraud. Toboc.com is extremely sensitive to this issue and would like to urge our members to be vigilant. Before committing to a transaction make sure to follow some guidelines. If you think you have spotted a scam please contact TOBOC immediately.

How to avoid Internet Fraud?

- Do a background search before engaging in any business online. Accuracy of information provided can be confirmed by trade institutes, credit agencies, and chambers of commerce.

- Ask questions and be vigilant. Legitimate traders will willingly and promptly answer questions. Don’t shy away from being skeptical. Ask for references.

- Beware of companies that only provide a fax number or an email address in their contact. Also keep in mind that a well done, attractive website doesn’t necessarily mean that the company is legitimate and honest.

- Companies based in Nigeria and Indonesia are showing the highest signs of internet fraud and members should be extra careful when dealing with such companies. But remember that decisions based solely on location might be irrelevant as scammers might be located anywhere.

- Look for red flags. Grand promises, unprofessional proposal letters should prompt you to research more before indulging.

- Do not act hasty and get pressured into a deal. Take your time to research the company, ask questions and get the answers verified by 3rd parties.

If an offer seems too good to be true, it probably is. Beware of curiously high or low prices, as they are often fraudulent schemes.

For Buyers:
Request a sample to ensure the quality of the product. Make sure the product meets your criteria before committing to a purchase.

Do Not accept to make payment by Western Union, or wire transfers. These fraudulent sellers will try to entice buyers by posting the hottest new items at low prices.

For Sellers:
Request a nominal payment from unknown buyers that ask for samples.
Beware of payments made by credit card. Fraudulent buyers tend to ask sellers to split a large payment by 3-4 credit cards. These stolen credit card numbers work, so the seller feels secure to send the merchandise.

Usefull links


  • http://www.ic3.gov/
  • http://www.fraud.org/scamsagainstbusinesses/bizscams.htm
  • http://www.acfe.com/home.asp
  • http://www.fincen.gov/index.html
  • http://www.icginc.com/
  • http://www.scambusters.com/
  • http://www.bbb.org/