What are Poshmark Scams and How to Avoid From Getting Scammed?
Scams have been around for millennia, one could argue that the first recorded scam was in the book of Genesis when Abraham bought a plot of land from Ephron the Hittite. Throughout the ages, con artists have developed and think of new modern scams in order to cheat unsuspecting people from their money. While phone scams are still popular, especially amongst the elderly, internet scams are in their golden age, taking advantage of different sites in order to make a quick buck. One of these scams is a Poshmark scam. This article will describe Poshmark scams and show you how to avoid them.
What is Poshmark?
Poshmark is one of the largest social commerce marketplaces for fashion. On Poshmark anyone can buy, sell and share their clothes and styles. Poshmark has over two million sellers and millions of buyers. The site allows anyone to sell anything in their closet and will provide them a shipping label to ship to the buyer. According to Poshmark, there is a sale made on average every second, totaling 1 billion dollars in sales every year. Poshmark also has something called Posh Protect which protects buyers if the sale is not legitimate.
While Poshmark attempts to block out all scams, there is evidence of many scams from internet complaints on youtube, the better business bureau, and other review sites.
There are a number of ways you can be scammed using Poshmark. The first is by receiving a fake item. While Posh Protect allows you to get a refund if the item is not authentic, you have only 3 days to claim so, after which you will be unable to return the item or be eligible for a refund. If an item looks authentic at first, you may be unable to tell that it is a fake and only realize that the quality is inferior at a later date.
The best way to avoid this scam is first, to buy only from reliable people. You can check the sellers profile to see how many listings they have, how many followers they have, and how long they have been on the site, the longer they have been on the site, the more reliable they will be due to the fact that scammers, once revealed will be banned and will have to create a new profile. You can also check “Love Notes” which is the Poshmark form of comments to see if other buyers were satisfied with their purchase.
Another Poshmark scam is when sellers try to make the sale offline. The legitimate reason a seller may give to go offline is that Poshmark will not get a percentage of the sale, which means they can sell it to you for cheaper without losing profit. The catch, however, is that Poshmark will not guarantee your money if the sale is made off their platform. Many scammers will email you regarding a more expensive item, or a nice brand and make up a story to get your defenses down something like “My girlfriend really wanted this item, we could not find it in stores and her birthday is coming up.”
Sellers may use other tactics to try and get you to pay offline, and then send you a fake product, or not send you the product at all, and then you will not be able to get your money back. This scam can work the other way around, if you are selling an item, a buyer may offer you more money than the asking price, but the check will bounce, or be fake.
A similar variation of this scam is when a buyer will purchase something off the platform and send more money than you asked for. The buyer will then ask you to send the extra money back, and when you do, they cancel the original payment, so you will have paid the buyer and provided him with whatever you were selling. The best way to avoid these scams is to never buy or speak with the buyer/seller outside of the Poshmark website. Additionally, if Poshmark finds out that if anyone went off their website to make a transaction they will be blocked from the site. In order to re-create an account, you will have to use completely different details than your original account and will lose all the followers and reviews.
Poshmark Hacking Scams
There are instances in which accounts have been hacked on the Poshmark website. As funds transferred on Poshmark stay on their platform until they are pulled out, if someone leaves money on their account it is susceptible to hacks. A breach on the website occurred in 2019 when hackers stole information that included account passwords. While financial details were not stolen, money protected in a bank account is safer than on Poshmark, therefore it is always important to remove funds from the platform as soon as possible to protect yourself.
What to Do if You Are a Victim of a Poshmark Scam
If you were indeed victim to one of these Poshmark scams or another there are some steps you can take in order to get a refund, cancel your payment, or protect other people from scams. In the case where you paid or sold on the platform, contact the Poshmark customer service and they will be able to help you reclaim your money. Be sure to report the user so that other innocents will not fall into the same trap.
It is also prudent to always make purchases using a credit card that has fraud protection. In this case, you are usually only responsible for 50 dollars if you were the victim of a scam. If you have paid with another method like PayPal, Venmo, or check, It is always worth a try to contact the service and dispute or cancel the payment. You can also report the scam to the police and file a police report, this may also help you reclaim money lost with your bank.