For Immediate Release - November 25, 2013 - A growing source of online fraud piggybacks off the well- known discount website called Overstock.com. Counting on online shoppers to seek bargains, scammers create websites that offer great deals on popular high ticket items and use various business names that play off the “overstock” theme.
Recently, BBB became aware of overstockclearancemart.com. The site has several red flags:
● It was was just created in November;
● Falsely claims to be BBB accredited with an “A+” rating;
● The preferred method of payment is by GreenDot Money Pak card;
● Offers large discounts on high ticket items; and
● There is no phone number or address listed to contact the business.
The Council of Better Business Bureaus has been successful in having other fake Overstock sites taken down due to the unauthorized usage of the BBB Accredited Business seal. These include:
BBB offers the following tips to avoid becoming a victim of a fraudulent online seller:
● Check out any unfamiliar company at cleveland.bbb.org or by phone at (216) 241-7678 or (800) 233-0361.
● If a BBB seal is on the website, click on it to verify it properly connects to a BBB Business Review and verifies BBB Accreditation for the company.
● Never give receipt information about your MoneyPak purchase to another party. Refuse any offer that asks you to buy a MoneyPak and share the number or receipt information by email or phone.
● Do not purchase from a business that only accepts payment by Western Union or MoneyGram.
● Be wary of online ads on Craigslist and similar sites that link to websites where products are being offered at steep discounts, especially when you are asked for payment by wiring money or paying with a MoneyPak card.
● Pay by credit card so you have recourse for disputed purchases.