There’s Another On Line Scam Doing the Rounds

Following on from warnings to business last week, The Australian Competition and Consumer Commission is warning online shoppers to be wary of scammers masquerading as legitimate online retailers, often selling well-known brands at too-good-to-be-true prices.

online shopping scamAlready in 2017, the ACCC’s Scamwatch service has received more than 1000 reports of online shopping scams worth more than $150,000 in total.

ACCC’S ACCC Deputy Chair Delia Rickard says it’s younger people in the 18 to 24 age bracket who made up the biggest group of people who reported losing money to online shopping scammers.

Worryingly, Scamwatch’s statistics also show nearly one in every two-people reporting the scam lost money.

“Australians love shopping online and scammers take advantage of this by setting up fake websites that look like genuine online stores, including professional-looking design, stolen logos, and even a ‘’ domain name and/or stolen ABNs.”

“The only thing these websites are selling is false hope. The scammers running these sites will advertise goods, often well-known and trusted brands, at unbelievably low prices to lure in unsuspecting consumers shopping around for a good deal. If something looks too good to be true, it probably isn’t true.”

The biggest tip-off ACCC says is the method of payment.

‘Scammers will often ask you to pay using a money order, pre-loaded money card, or wire transfer, even gift cards from well-known retailers. If you make a payment this way to a scammer, you’re highly unlikely to see that money again.”