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9 Safety Tips for Buyers & Sellers

 

Although the vast majority of Tradyo users are good, honest people looking to cash-in on their belongings or hunt for a bargain, you might come across a bad apple or two in any social marketplace. It’s always wise to err on the side of caution. Practice these tips to ensure your buying and selling transactions are smooth, safe, and mutually beneficial.

Keep it Local – You can avoid most – if not all – fraudsters and scammers by only dealing with people locally, in person.

Only Operate in Cash – Accepting anything other than cash greatly increases the odds of getting scammed. Never wire funds or accept personal cheques, certified cheques, or money orders.

Protect Your Personal Information – Much can be gleaned about you when you provide your full name, email address, home address, credit card number, bank account number, social insurance number, drivers’ license number, and so on. This information should always be held close to the chest.

Use Tradyo’s Chat – When communicating with buyers and sellers, use Tradyo’s chat feature to keep your correspondence safe, secure, and non-personally identifying. If you prefer to talk or text, consider using a disposable / temporary cell number service, like Burner.

If It Seems Too Good to Be True – An ad for an item priced far below its fair market value should always be treated as highly suspect. Do some research to determine reasonable price ranges and don’t take the bait when an item’s price seems too good to be true.

Try to Meet in Public – When the item for sale is portable, set up a meeting in a public place (such as a café or mall) during daylight hours and bring along a friend.

Take Precautions When Meeting at Home – Some items, like large home furnishings, aren’t as easily transported and may require you to use the seller’s home as a meeting place. Sellers should try to move the item for sale to the garage, front lawn, or the home’s entryway so as to show as little of the house as possible. Both buyer and seller should have a friend or family member present during the transaction.

Use Extra Caution When Selling Valuables – Consider meeting in a place with added security, such as a police station or a bank, when exchanging cash for items with a high price tag.

Trust Your Instincts – If something feels “off” during the initial communications or when you actually meet, trust your gut and just walk away.

If you have been a victim of fraud, report it to the Canadian Anti-Fraud Centre or call 1-888-495-8501

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Categories:   Buyer Tips, Seller Tips

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