Posting on Facebook never helps!

Many people indeed think posting on Facebook can help them regain what they've lost. But that isn't how it works. Whatever you lose online, whether it is money or products as a seller, it is highly unlikely that you can recover it until you use an escrow payment service.


Isso's story

Here is the story of Isso Shaikh, a Mumbai reseller. Interested in purchasing men's joggers, Isso contacted Khalid Afsar, a seller in Kolkata. Isso placed his order of 152 men’s joggers in January. He made an advance payment of INR 40000/- to Khalid. Having received payment, Khalid informed Isso that his order was in the process of being transported and will be delivered to him. Almost a month after placing the order, Isso checked in with the seller to see how things were going, he received some shocking news.

According to Isso, Khalid claimed that his order had been misplaced during transportation. When he asked for the transportation bill, he got excuses from Khalid instead. Khalid started dodging his calls and messages. After requesting a refund, he got blocked by Khalid. 

                  

After paying INR 40000/- for nothing, Isso shared his experience on social media. 

Steps to follow to avoid such frauds:

1. Check and verify all licenses and documents of the seller before doing a deal.

2. Pay with Vouch, it releases your payment after the delivery of the products. 

3. Try to find dealers through recommendations from your contact. 

What is digital escrow?

Digital Escrow is the use of a third party account, during a transaction, which holds the money deposited by the person who is purchasing any product/service until the seller fulfills the terms of the agreement. The transacting parties are supervised by the escrow company.

How does Digital Escrow save you from online frauds in India?

Vouch’s Digital Escrow service is transparent for buyers and sellers to build trust and secure a clean transfer of product and payment. Buyers can feel assured that they will be fairly compensated promptly, and buyers will feel confident that their order will be delivered as expected and on schedule. If you ever come across a fraudster asking for OTP, asking you to scan a QR code, or asking you to click on phishing links, you can simply say no and ask him/her to proceed with the transaction through Vouch. 

Vouch Digital Escrow uses a non-interest-bearing escrow account for all transactions in India and keeps you updated and informed at every step of the transaction process till the end. Vouch’s professionals are always available to assist you with all queries that you may have during the entire transaction process. There is no scope for deceit or fraud since the payments, shipping, delivery, and execution are carried out under the honest and watchful eyes of the Vouch’s professionals. With Vouch, any business transaction becomes transparent, uncomplicated, and hassle-free.


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This is Fraud Story #55. Check back here for more fraud chronicles and scams that you can protect yourself from. 

Escrow payment


Safety is not just about protecting your credit or debit card number. It's about having control of your money till you've received the product or service you bought online!

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Note: This is a good-faith initiative to educate the world about avoiding frauds like these. Do you have a fraud you would like to report? Please write to us at letstalk@iamvouched.com