Because scammers often modify their scams and come up with different versions of the same trick, you may wonder how to identify MoneyGram scams. Knowing how MoneyGram scammers work can help you protect yourself. Fortunately, these types of scams retain certain characteristics that can help you identify them.
- Look for the classic MoneyGram scam sign. You receive a money order or check. You’re instructed to cash it at your bank. Keep a specific percentage for your services and forward the rest to a third party. Once your bank discovers that you cashed a fake money order, you will need to cover the full amount. You could possibly face legal problems as well. This is one common type of MoneyGram scam.
- Turn down classified ad responses that offer to pay with a cashier’s check or money order. Scammers often troll classified ads. If you post an item for sale, either online or in newspapers, and you receive a response from a buyer that offers to send you a check or money order, delete the email message. Scammers often instruct the seller to cash the check, keep the amount of the item for sale, and forward the difference to the shipping company. Don’t do it. At the least, you lose money if you fall for this MoneyGram scam. On a more serious level, you could end up in jail.
- Be leery of emails from mystery shopping companies. If you receive an email offering to send you a check or money order for mystery shopping services, delete it. Although legitimate mystery shopping jobs do exist, companies generally don’t contact you unless you apply first. Legitimate mystery shopping companies normally reimburse their shoppers. They don’t send a check and ask you to return the difference. If you receive this type of email, delete it. It’s a MoneyGram scam.