The Better Business Bureau issued a warning about online scams ahead of Cyber Monday.
A record number of shoppers will be hunting for deals on gifts from Thanksgiving day to Cyber Monday, and scammers will be on the hunt for those not paying close attention, according to the Better Business Bureau.Dallas resident Shannon Wolf clicked on a Facebook ad for Kay Jewelers that offered a steep discount and quickly took advantage of it. Her receipt came from Hong Kong.She disputed the $48.90 charge with PayPal, but the company said, “tough luck,” she said.
“While there is much speculation about inflation’s impact on consumer behavior, our data tells us that this Thanksgiving holiday weekend will see robust store traffic with a record number of shoppers taking advantage of value pricing,” NRF CEO Matthew Shay said in a statement.are just under all-time highs reached last year.
People between the ages of 18 and 24 may be digitally savvy, but they’re the most likely victims of online retail fraud because it’s their preferred shopping method. And scammers have gotten smarter to trick them, even offering fake tracking numbers. Losses from online retail scams tend to be relatively low, with an average loss of $100, according to the BBB. Not all victims are able to recover their money, but reporting fraud is still worthwhile because it helps the BBB make recommendations to regulators and helps law enforcement know how to protect people, Edwards said.to give readers tips on how to protect themselves from online retail fraud.Online retail fraud victims who use credit cards often get their money back, Edwards said.
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