How Not to Get Scammed When Selling or Buying e-Commerce Seller Accounts

Have you ever wondered how to stay safe when buying or selling e-commerce seller accounts?

If you’re thinking about diving into the world of e-commerce on platforms like Amazon, eBay, Walmart, or Etsy, you’ll want to be extra careful to avoid scams that could cost you time and money.

With around eight years of experience as an Amazon FBA seller, I’ve seen a lot in the trenches, and I know just how tricky this market can be. 

Recently, I posted a video featuring Omer Sidi from SellerSpot, where we tackled the important questions of how NOT to get scammed when buying or selling e-commerce accounts. 

In that video, we shared essential tips on how to ensure your transactions go smoothly, including expert advice on using escrow services and spotting potential red flags.

You can watch the video right here!

I also mentioned an exciting offer for a free sale price valuation that you won't want to miss. 

Sell Amazon/Walmart/Etsy Seller Account/Business Form - Get Free Sale Price Valuation

So, if you’re ready to learn how to protect yourself in this bustling e-commerce world, keep reading!

Relevant Read: Full Guide – Buying or Selling an Amazon Seller Account

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Tips to Avoid Scams When Buying or Selling eCommerce Seller Accounts

Vova: Hey there! 

Today, we're diving into an important topic: how to avoid getting scammed when buying or selling e-commerce seller accounts. 

This includes accounts on platforms like Amazon, eBay, Walmart, and Etsy.

Many people look to sell their accounts, while others may want to buy one. 

However, scams can be a real issue in this space.

In this article, we'll share some valuable tips on how to ensure a smooth and secure transaction.

Joining me today is Omer Sidi, one of the co-founders of SellerSpot. 

SellerSpot specializes in helping online sellers navigate the buying and selling of e-commerce accounts, whether they are on Amazon, eBay, Walmart, or Etsy.

Suggested for You: Amazon Seller Account & Business Broker Review – SellerSpot

If you're interested in this process, check out the buttons below where you can find forms specifically designed for buying or selling these accounts.

Sell Amazon/Walmart/Etsy Seller Account/Business Form

 

Buy Amazon/Walmart/Etsy/Ebay Seller Account/Business Form

We also have forms related to Amazon vendor accounts.

Sell Amazon Vendor Account Form

 

Now, let's focus on how to protect yourself from scams while engaging in these transactions. 

Welcome, Omer! How's your day going? I hope you’re doing well!

Omer: I’m doing well, Vova. It’s great to be here, as always!

Vova: It's good to have you, man. 

Let’s help people avoid getting scammed because there are indeed scams in this field. 

What do you think we should focus on?

Omer: Absolutely. 

At SellerSpot, we’ve noticed that there are a lot of transactions happening, especially with Amazon accounts. 

We’re also seeing more Walmart accounts being sold, along with eBay and Etsy. 

Whenever there’s money to be made, there will be scams. 

Some scams are quite simple, while others are more complex. 

Today, I want to share a few tips to help you learn how to avoid these scams.

Tip #1 - Avoid Sharing Credentials or Payment in Advance

The first thing to keep in mind is if you're dealing with someone you don’t know, it’s crucial not to send payment or the account before you receive something in return. 

In these situations, we recommend using an escrow service, like Square.com. 

An escrow service acts as a trusted middleman, holding both the payment and the account. 

Once everything is confirmed and the transaction is complete, each party receives what they are owed.

Tip #2 - Get Help from a Trusted Service Provider Like SellerSpot

Another option is to use our services. 

When you transact with us, we also hold both the payment and the account. 

After everything is settled, we distribute them to each side.

Tip #3 - Stay Alert for Common Scams

It's also important to be cautious of common scams. 

Often, we see people receiving screenshots of supposed payments, which can be misleading.

If you don’t see the payment in your bank account, it’s simply not there. 

This is very straightforward. 

Don’t trust anyone or anything you see. 

Today, it’s easy to manipulate documents and statements. 

So, if someone claims to have sent you money, but you don’t see it in your bank, that’s a red flag.

This caution goes both ways. 

Tip #4 - Avoid Offers That Seem Too Good to Be True

Another thing to watch out for is if you're being offered an account at a price that seems too good to be true. 

Often, there’s a good chance that it’s a scam. 

In this field, if something looks too appealing, you might be putting yourself at risk.

We’re sharing this advice from experience.

We've been scammed before, though that doesn’t happen anymore. 

However, anyone can fall victim to these situations, so we remain very careful with almost every transaction we make. 

Always be alert and look out for warning signs.

Vova: Awesome! As I mentioned before, readers can get a free valuation of their accounts through SellerSpot. 

It's a legitimate service that provides this valuable insight. 

If you, as a reader, receive an offer for your account that seems inflated or exaggerated, it’s a good idea to compare that offer with what SellerSpot might suggest. 

By reaching out to them, you can see if the offers align closely.

If there’s a significant gap between what you’re offered and what SellerSpot values your account at, it could raise some concerns. 

Keep in mind that even if you have a new account without any sales history, it can still hold some value. 

This applies particularly to Etsy and Walmart accounts, which can be priced based on factors other than past sales.

I believe that even on Amazon, there are some very new accounts that are still being traded. 

While I’m not entirely sure how that works, at SellerSpot, most of the accounts they handle typically have some sales history, especially on Amazon and eBay.

Get Free Sale Price Valuation of Your Amazon/Walmart/Etsy Seller Account or Business

 

This will help you understand its value better. 

Also, Omer, I want to point out that if you ever feel pressured to complete a transaction immediately, it’s essential to take a step back. 

Rushing can lead to mistakes or oversights that might cost you in the end.

Omer: Absolutely! 

When someone pressures you and sets time limits, that is definitely a warning sign. 

You should never feel rushed in a transaction.

Additionally, I want to remind everyone that they can reach out to us with any questions they might have.

If you receive an offer and want to know if it is fair or legitimate, we can help you with that. 

Our services are free for inquiries like these, so don't hesitate to contact us. 

We are here to assist you in understanding the value of the offers you receive.

Vova: Thank you for mentioning that, Omer. 

I appreciate the option provided for people to get a free evaluation of their assets, like their accounts. 

In the buttons below, you will find various forms for buying or selling accounts. 

Sellerspot has different forms available for different platforms.

For instance, there will be separate forms for Amazon accounts, eBay accounts, and even Amazon vendor accounts.

I encourage everyone to take a moment to fill out these forms carefully.

Sell Amazon/Walmart/Etsy Seller Account/Business Form

 

Buy Amazon/Walmart/Etsy/Ebay Seller Account/Business Form

Sell Amazon Vendor Account Form

 

It won't take much time — just a few minutes. 

However, this little bit of effort will greatly help us respond to you accurately and promptly. 

Thank you for taking the time to do this.

And yes, Omer, I think we have mostly covered everything here. 

We discussed the importance of being cautious if someone is pressuring you or offering prices that seem unusually high. 

It’s crucial to use an escrow service or a guarantor that you can trust. 

Plus, you must ensure the person recommended to you is reputable and legitimate.

We also talked about the issue of fake screenshots. 

Some scammers may send you a screenshot claiming, “We have paid you, here is the proof. The money will arrive in one or two days.” 

If you then send them your account details, you might find out that the screenshot was fake. 

So, be very careful and watch out for this type of scam.

And, as I mentioned earlier, it’s a good idea to reach out to the folks at SellerSpot. 

They can provide you with helpful assistance. 

Or, if you have any additional thoughts or experiences related to scams in this industry, please drop a comment on my YouTube video of this article. 

Your insights could help others avoid falling victim to scams.

We want to ensure that our business dealings are legitimate. 

Ultimately, we want to get our work done, receive our payments, and carry on with our lives without dealing with scams. 

I hope this blog has been helpful. 

Thank you, Omer, for sharing your thoughts with us.

Omer: Yeah, of course. As always, thank you! :)

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Conclusion

I want to thank Omer for sharing his insights today. 

We’ve covered some important points about being cautious when selling accounts, especially if you feel pressured or see unusual offers. 

Remember to check with reliable services like SellerSpot to get a fair valuation of your accounts. 

It’s essential to be aware of potential scams and to look out for fake information. 

If you ever have questions about offers you've received, don’t hesitate to reach out for help. 

Your safety and getting a fair deal matter most. 

Until next time.

Best,

Vova :)