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If youre looking for bargains on Christmas gifts or thinking of selling old things to finance your purchases, Facebook Marketplace is an attractive alternative to yard sales and flea markets. Like any other online (and real) exchange, Marketplace attracts its scammers and fraudsters. Here are some tips to make Facebook Marketplace a source of fun and not scammers. What is Facebook Marketplace? Facebook introduced Marketplace in October 2016, and by May 2017, more than 18 million items were listed for sale in the United States alone. Since then, the service has expanded to other countries, and Facebook reports that since the beginning of 2017, global searches on the Marketplace tab have tripled, with more than 550 million people actively buying and selling groups each month. very simple: using your profile information to determine your location, Facebook will show you a range of items for sale in your area and allow you to sell your own items. When a buyer spots an item they want to buy, they contact the seller via Facebook Messenger and agree to close the deal. With Messenger, investors can do business without exchanging addresses or phone numbers, and Facebook doesnt charge any service fees. Using Marketplace is easy. Click the Marketplace button at the bottom of the Facebook smartphone app or in the left column of the Facebook home page. You will see a series of photos of items for sale with prices attached. Browse or use filters to refine your search by product category, price, etc. If you want to sell an item, click the blue Sell Something button and fill out the form. Selling through a smartphone app saves you time by allowing you to take a photo of an item and add it to the auction without having to save and upload photos. Be smart with Marketplace Here are five tips to help keep your Facebook Marketplace safe and secure: Use a credit card or secure electronic payment service for all transactions. The market does not have a built-in payment mechanism, so payments must be negotiated directly with the other party to the transaction. Unscrupulous sellers may insist on cash, gift cards, or other untraceable payment methods, and suspicious buyers may offer gift cards that turn out to be worthless. Card issuers and payment processors like PayPal, but not its sister app Venmo, will investigate fraud complaints on your behalf as a buyer and provide sellers with better transaction security. Reputable Marketplace merchants will appreciate the use of secure services; which benefits both legitimate buyers and sellers. Avoid transactions that do not involve local buyerssellers. In theory, Facebook will only show potential buyers and sellers in your area. (You can choose a radius of two miles or 100 miles, but the default is 40 miles.)Whether youre looking for great deals on Christmas gifts or thinking about selling old stuff to pay for your purchases, Facebook Marketplace is an attractive alternative to yard sales and flea markets. Just like any other online (and real) exchange, Marketplace attracts its own scammers and scammers. Here are some tips on how to make Facebook Marketplace fun and not a scam. What is the Facebook marketplace? Facebook introduced Marketplace in October 2016, and by May 2017, over 18 million items were listed for sale in the United States alone. Since then, the service has expanded to other countries, and Facebook reports that searches on the Marketplace tab globally have tripled since the start of 2017, with more than 550 million people actively participating in buy and sell groups every month. Quite simply, using your profile information to determine your location, Facebook will show you a range of items for sale in your area, as well as allowing you to list your own items for sale. When a buyer notices a product they want to buy, they contact the seller via Facebook Messenger and negotiate a deal. Using Messenger means investors can do business without exchanging addresses or phone numbers, and Facebook charges no service fees. Using the Marketplace is easy. Click the Marketplace button at the bottom of the Facebook smartphone app or in the left column of the Facebook homepage. You will see a series of photos of items for sale with prices attached. Browse or use filters to refine your search by product category, price, and more. If you have an item for sale, click the blue Sell Something button and fill out the form. Selling with a smartphone app saves you time by allowing you to take a photo of an item and add it to the auction without the need to save and upload photos. Be smart with your marketplace Here are five tips to help make your Facebook Marketplace experience convenient and secure: Use a credit card or secure online payment service for all transactions. The market does not have a built-in payment mechanism, so you have to negotiate payments directly with the other party to the transaction. Unscrupulous merchants may insist on paying with cash, gift cards, or other untraceable payment methods, and suspicious buyers may offer gift cards that turn out to be worthless. Card issuers and payment processors such as PayPal, but not its sister app Venmo, will investigate fraud complaints on your behalf as a buyer, and provide merchants with a higher level of transaction security. Dear Marketplace sellers welcome the use of secure services; which benefits both legitimate buyers and sellers. Avoid transactions that do not involve local buyerssellers. In theory, Facebook will only show you potential buyers and sellers in your area. (You can choose a radius of two miles or a width of 100 miles, but the default is 40 miles.)
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