In most cases, Facebook Marketplace transactions go smoothly.
However, scammers sometimes lurk on the popular website marketplace platform. Knowing how they operate can help reduce your stress about losing money when shopping.
Being aware of the following scams when shopping on Facebook Marketplace.
Earn cash back on everyday purchases with this rare account
Want to earn cash back on your everyday purchases without using a credit card? With the Discover®️ Cashback Debit Checking account (member FDIC), you can earn 1% cash back on up to $3,000 in debit card purchases each month!1
With no credit check to apply and no monthly fees to worry about, you can earn nearly passive income on purchases you’re making anyway — up to an extra $360 a year!
This rare checking account has other great perks too, like access to your paycheck up to 2 days early with Early Pay, no minimum deposit or monthly balance requirements, over 60K fee-free ATMs, and the ability to add cash to your account at Walmart stores nationwide.
Don’t leave money on the table — it only takes minutes to apply and it won’t impact your credit score.
Apply for a Discover Cashback Checking account today
Deals that are too good to be true
Sometimes, a deal is actually too good to be true.
In some cases, a person might legitimately list an item at a very low price in order to get rid of it quickly. But in other situations, they could be listing it at a low cost just to get your money.
This risk is higher if the seller is shipping the item to you rather than meeting you in person. They can take the money, only to walk away without giving you the product.
Taking advantage of deals is great, but be cautious of unusually low prices. This can help you avoid throwing money away.
Bait-and-switch scams
You might find the perfect product you’ve been looking for, only to discover it’s already been sold. Normally, this is just part of the luck involved when buying from Facebook Marketplace.
However, you should worry if the seller then tries to sell you a different — and more expensive — option. It might be a sign that the product you wanted was never available and was just a way for the seller to lure you in and scam you.
Receiving broken items
Facebook Marketplace can be a good place to get a used, more affordable phone or television. But an item could be cheaper on Facebook Marketplace than at a retail location because it won’t work for long or won’t work at all.
Before you buy, confirm that what you’re getting is in working condition. Test it at the meetup.
Get a protection plan on all your appliances
Did you know if your air conditioner stops working, your homeowner’s insurance won’t cover it? Same with plumbing, electrical issues, appliances, and more.
Whether or not you’re a new homeowner, a home warranty from Choice Home Warranty could pick up the slack where insurance falls short and protect you against surprise expenses. If a covered system in your home breaks, you can call their hotline 24/7 to get it repaired.
For a limited time, you can get your first month free with a Single Payment home warranty plan.
Requests for you to text a code
If a seller asks you to move a conversation to texting, decline. The service is connected to Facebook Messenger for a reason.
Crafty fraudsters might ask you to send a code to proceed with your transaction. They can then use that code as part of a two-factor authentication ploy to get into your personal accounts.
Demands for an advanced payment
A shifty seller might ask you to send either some or all of the cash to pay for an item before they get it to you.
This could be a way for them to take your money and not give you anything in return. With Facebook Marketplace, it’s probably best to meet with the seller and have the item in hand before you pay.
Trending Stories
Shady rental offers
Facebook Marketplace also can help you find a short-term or long-term rental property, such as a vacation home or an apartment.
Before you commit to it, confirm that the place is available to rent. Request a tour and ask to meet the property owner at the home.
Scammers might list apartments or vacation homes for rent on Facebook Marketplace that they’re not in a position to rent out.
Disguised counterfeit items
You may be excited to buy a new purse or expensive gaming system from a buyer on Facebook Marketplace.
However, you should always ask for additional information to confirm an item’s authenticity. When retrieving the item, give it a good look and test it. The scammer may be charging you for a counterfeit item.
A request that you pay with gift cards
It is a red flag if you’re trying to purchase an item and the seller asks you to pay with gift cards.
If you realize later that something has gone amiss with the transaction or the item you are buying, the scammer likely will have already used the gift cards, and you will be out of luck.
Scammers who hide behind a fake Facebook account
A Facebook account that doesn’t have a profile picture or any posting history should raise red flags. The same can be said for a profile picture that isn’t of the person themselves.
Be cautious before engaging with a Facebook profile that looks like it could be a scam. Trust your instincts here.
Stop overpaying when you shop online
Shopping online has its perks. It's super convenient, but it can be time consuming to find the best deals. Instead of hunting for coupon codes (that don't always work!) and opening tons of browser tabs comparing prices, you can try Capital One Shopping.
Capital One Shopping makes saving money effortless. Just add the browser extension and when you check out, it'll scour the internet for coupon codes to help you save cash. And before you check out at 25+ major retailers, Capital One Shopping will notify you with a friendly pop-up if the item you're buying is available cheaper somewhere else.
Capital One Shopping is free to use and won't show you ads. Add it today and stop overpaying!2
Bottom line
If you want to keep more money in your wallet, you can find some great deals on Facebook Marketplace. Just be careful you don’t lose cash in the process.
Shop or sell carefully on the site. Contact sellers during the process to make sure everything runs smoothly, and don’t be afraid to call off a transaction if there are red flags that concern you.
Lucrative, Flat-Rate Cash Rewards
FinanceBuzz writers and editors score cards based on a number of objective features as well as our expert editorial assessment. Our partners do not influence how we rate products.
Wells Fargo Active Cash® Card
Current Offer
$200 cash rewards bonus after spending $500 in purchases in the first 3 months
Annual Fee
$0
Rewards Rate
Earn unlimited 2% cash rewards on purchases
Benefits
- Low spend threshold for its welcome offer — $200 cash rewards bonus after spending $500 in purchases in the first 3 months
- Cell phone protection benefit (subject to a $25 deductible)
- Can redeem rewards at an ATM for literal cash
Drawbacks
- Foreign transaction fee of 3%
- No bonus categories
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers. 19.49%, 24.49%, or 29.49% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
- $0 annual fee.
- No categories to track or remember and cash rewards don’t expire as long as your account remains open.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
Subscribe Today
Want extra-cash moves to come right to you?
Stop browsing endlessly. Get proven ways to earn pocket money, help cover rent, and crush your debt — sent to your inbox daily.