Summary of UPDATE! New Small Business Triangulation Scam | What They Did To My Shop & How To Protect Yourself!
The video discusses a triangulation scam that the presenter experienced on Etsy, where scammers create fake listings, steal credit card information, and make fraudulent purchases. The scam involves creating fake accounts, making purchases, and then disputing the charges, causing financial losses to the legitimate sellers. The presenter advises viewers to be vigilant when buying online, check the legitimacy of sellers, and report any suspicious activity. The presenter also shares personal experiences with the scam and offers tips on how to protect oneself as a buyer or seller on online platforms.
Notable Quotes
— 02:08 — « triangulation scam so Im going to go ahead and kind of break it down into bits and pieces for you guys so it makes it easier to understand so lets say theres a scammer. »
— 03:04 — « they make a fake Etsy account and they duplicate that listing to the tee they steal the photos they steal the listing the description everything about that listing they steal it and um they make it look legit right. »
— 03:29 — « theyre sitting there waiting waiting for a sale and then a buyer comes along maybe this is a listing of mine that theyve been wanting and they see it on their Etsy account theyre like oh my gosh its on sale its super cheap right now I need to go ahead and buy this right now. »
Category
Business and Finance