Money Trading - Some Tips to Avoid Scammer in DP

I will just talk about MoneyBookers, Paypal and E-gold here since those type of currency are popular currency to be traded here in DP always.

There are a lot of Scammer in Dp nowaways and I dont want to see people to get ripped off the money.

Here are some general tips :

I. Choose a right a member to exchange.
Choose a member with high itrades and rep is always recommended. But YOU MUST BE CAREFUL IN CHECKING HIS ITRADES, look at his Itrade. Even if he has more than 30 itrades, but he earns about 10 itrades / day so fast, and he is just new in DP. DO not trade w/ him, easpecially when he sends you paypal or ask you to some "non-refundable currency" first.

There are many members have High Itrades in DP earned in 3-4 days (30 itrades), they always ask for Paypal to E-gold . I am not going to tell their names here.

Do search his posts in DP. Did he has any successful history w/ this currency trading before (better for more than 3 months back) ??? Does he has any BIG Exchange or Big Business in DP for few days back. There is a situation like this happen : "he did a big money trading or business few days back. Now he wants to run away. Before he left DP and get his ID Banned, he might want to Scam as much as possible some more members". So be careful.

- Be careful w/ OLD Member (less posts, few itrades) but suddenly COME BACK to DP to Exchange Money

- Be careful w/ New Member less than 3 months but Earn Too Much Itrades in few days.

II. How and where to trade
Better to trade via PM here in DP even it's not Instantly like in YM, but the chance of getting ripped off is lower. But trading via YM/MSN is ok, always ask him to send you PM. Dont think a member w/ Yahoo ID : Quantan is DP member Quantan in DP, scammer might register for that yahoo id.

DP is DP, never mind if some one says he has high itrades or rep in "another forum", see his rep and itrade in DP only .

If you have a big sum of money, like > than 150$. I recommend you to exchange your money w/ several persons to lessen the Loss if you get scammed.

III. Note about each currency.

1. Paypal

- Well, it's always risky to receive Paypal, everyone know that. 90% of scammer nowadays use Hacked Paypal Account to send money which can be purchase in Underground market for few bucks. They have Paypal Email Password also, so Holding Fund is not a solution. Open a dispute than close the dispute --> not a solution also. Sending request to the Paypal ---> Not a solution. The only solution is DO Not Deal w/ Them.
Paypal Account can be hacked very easily.

- If the fund is not hacked, then you dont need to worry about the dispute, Paypal is not going to protect or Concern about the "digital good". But becare ful if you get a lots of Dispute at a time.

2. Money Bookers

- Some people says Money Bookers can not be chargeback. Well, it's true, but for Business Account only, not applicable for Personal Account. The Money can be reversed if the fund is used Credit Card. if not credit card, but Illegal fund then your account might be Blocked at least 3 months. You have to send them verification documents.

- Must check the MB fund before receive them. Never accept Fund used CC to Deposit. Never accept MB fund from Gambling.

3. E-gold

- Your e-gold account can be Blocked if few person who sent you money in the past Complain w/ E-gold about your account. So you do better Open a new E-gold account, and use that account to receive money . Everytime receive money then transfer to your real account

- Do not send e-gold first, if you need to do so to someone you are not 100% sure honest then better Send in smaller amount, split them in several transactions. If the exchanger does not want, dont exchange. Find a another member. DOnt take risk.

I will Update more tips.

 

Great post, this should be a sticky, but there already is one.

Rep given.

 

Excellent post.Everyone should read before going for any trade.

Should have been posted in Buy,sell and service section as most of scams occur in that region.

 

Thank's man!
this thread should be sticked

 

Thanks Sir, for such a wonderful tips - looking forward for more such tricks used here by the scammers.

 

Excellent post,really deserves to b an sticky.

 

Check out this member:

http://forums.digitalpoint.com/member.php?u=81207

http://forums.digitalpoint.com/itrader.php?u=81207

10 minutes ago he asked me to exchange My e-gold via YM since I posted in DP that I need some Paypal for my e-gold. Then now I dont know why he is banned so fast ???