ENGLEWOOD, Colo.--(BUSINESS WIRE)--
Union Company (NYSE: WU), a leader in global payment services, and
Better Business Bureau (BBB) today announced efforts to promote
awareness of scams involving internet transactions for rental
properties. As consumers scan the Internet for good deals, particularly
on free classified websites, sophisticated scammers are poised to prey
on unsuspecting people.
Scam Stopper was jointly launched by BBB and Western Union as a site
to help consumers reduce their chances of becoming a victim of common
scams like this one. Online Rental scams generally happen in one of two
Renters looking for a house or an apartment to lease get scammed by
someone who poses as an “owner.” Victims come across a place in a great
area, at a great price. The advertisement looks legitimate, so they
reach out to the “owner,” generally by email. The “owner” says the
renter can secure the place by sending money to cover an application
fee, security deposit, etc. Often, the owner claims there is a need to
move quickly, since others are interested. The prospective renter sends
the money, but never hears from the “owner” again.
Some “owners” tell victims to send the money in the name of a friend or
family member to prove that funds are available, but this should not be
used as a security measure.
In another scenario, legitimate owners seek to rent out their property
and get scammed by someone claiming to be a renter. “Renters” contact
victims, generally by email, and follow up with a check for the deposit.
Shortly after that, the renter cancels the deal and asks the owner to
wire the money back. The owner soon finds out the check was a fake, but
it is often too late.
Money transfer never-evers
Consumers can lower their chances of falling victim to fraud with these
Never use a money transfer service to send money to people you haven’t
Never provide your banking information to people or businesses you
Never reimburse someone for a payment made to you by check until you
call your bank and verify the funds have cleared.
Scam Stopper, visitors can sign up to receive BBB Scam Alerts, weekly
emails with details on the latest scams reported to BBBs across North
Information on scams and how to protect yourself is also available at
Western Union’s Consumer Protection Center: http://www.westernunion.com/stopfraud.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment
services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western
Union Business Solutions branded payment services, Western Union
provides consumers and businesses with fast, reliable and convenient
ways to send and receive money around the world, to send payments and to
purchase money orders. As of June 30, 2013, the Western Union, Vigo and
Orlandi Valuta branded services were offered through a combined network
of approximately 520,000 agent locations in 200 countries and
territories and approximately 115,000 ATMs. In 2012, The Western Union
Company completed 231 million consumer-to-consumer transactions
worldwide, moving $79 billion of principal between consumers, and 432
million business payments. For more information, visit www.westernunion.com.
For more than 100 years, Better Business Bureau has been helping
consumers find businesses, brands and charities they can trust. In 2012,
consumers turned to BBB 124 million times for Business Reviews on more
than 4.5 million companies and Charity Reports on 11,000 charities, all
available for free at bbb.org.
The Council of Better Business Bureaus is the umbrella organization for
113 local, independent BBBs across the United States and Canada, as well
as home to its national programs on dispute resolution and industry
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Source: Western Union