Do not fall for the wholesale list scam!

If you have ever searched for wholesale ipods or wholesale xbox's etc, that start at 99p or similarly very low then 99% of these are scams.

The most common scam is that the account has been stolen and someone is listing hundreds of items to try and steal as much money as possible in the shortest possible time, these often do not finish as hundreds of ebay members report them and ebay usually get there act together and remove the listing.

HOWEVER, an ever more increasing problem are apparently genuine ebayers with good feedback selling 10 ipods starting at 0.99 and at the bottom of the auction it will say something similar to "click here to find out where i get my stock". This link directs you to another item the seller is selling that can vary anything from 5.00 to 50.00 and will be just a website where you can purchase in bulk. The seller will also say that there is no buy it now price on the ipods as he knows that they will sell for more than he "paid" for them. And often to make the bidder feel more comfortable he will even say you can pick the ipods up and pay with cash.

Checking the sellers feedback will tell you that the only thing they have feedback for is selling these "wholesale lists". Checking their completed items shows that they have never actually sold ipods before - normally the wholesale lists give ok savings but not enough to compete on ebay selling them.

The bidding on these ipods never the less go ahead and quite often get bidded in to the thousands, then 13 hours before the end the item is removed and the seller will say the item is no longer available and the item will be cancelled by ebay.

So where is the scam?

Basically the seller is committing fraud by claiming to be able to get ipods or xboxs so cheaply that he can even start the bidding at 0.99 (in reality this is just to minimise listing fees as there will be no money generated through the sale) but actually the listing will prompt loads of ebayers to purchase their "wholesale list" that generates the seller huge revenue under false hope that they can also make huge profits.

Do not fall for the scam, check the sellers feedback, does it show other items that are similar to what he is listing or are the feedbacks just from the lists?

Please mark this has being helpful to stop other people losing money from these con artists!