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Photo: OPOLJA (Shutterstock) The Better Business Bureau has issued an alert about a grift impacting consumers who sell their stuff online. If you get an offer that’s a lot more than what you’re selling your item for, think twice about the transaction—it’s likely an overpayment scam. How overpayment scams work Overpayment scams are a persistent problem that plagues online selling. Typically, they prey upon listings on reseller sites like Facebook marketplace and Craigslist, as well as eBay, Etsy, Amazon Handmade, and others. Here’s how it works: after you post a listing for an item online, a normal-seeming “prospective buyer” will contact you and agree to purchase your item. The catch is that they’ll send you more money than you ask for—either via a check or through a digital wallet—and explain it away by noting some sort of made-up restriction on their account, or chalk it up to a simple error. The scam takes a turn once you’ve been overpaid, as the buyer will invariably ask for some of their money back. They will likely be really nice about it, too, as if it were a simple mistake best handled informally between the buyer and seller. After you return the money, however, the initial payment will turn out to be false, as the check or transfer will be denied. At this stage, you will have lost the difference between the phony payment and the cost of your item, as well as the item itself. How to avoid the scam Part […]