Scammers pose as sellers on Facebook and ask them to send Zelle money. Many times they will pay more than the asking prices. It is a scam. This article explains how the scam works and how you can avoid getting scammed.

Online scams are popping up all the time. We have taken on the responsibility to review products, websites, and other information in order for you not to make poor decisions.

Zelle Scam Facebook Marketplace

It works like this:

They will pretend to be potential buyers but insist that you use Zelle to pay them for the item you have listed. Once agreement is reached, they will send a fake Zelle payment notification to you, convincing you that they have paid for the item.

A fake email may be sent from your bank claiming they have paid with Zelle. This will make you believe that you must send the item. They haven’t even sent you a penny!

There are many other ways to be conned through Zelle payments. A fake listing for a rental property was used to scam a woman on Facebook. She realized that it was a fraud after she had sent over $3,000 to the landlord.

According to reports sadly, neither Zelle nor its parent company Early Warning Services nor the banks hosting the app have been doing anything to return the stolen funds.

This scam is very similar to the ongoing Chronopost Facebook scam. It is the same method of operation.

This is what you should do

Do not fall for the trap. Anyone who insists on Zelle payments should be treated with suspicion. Do not send them your address or email. If you have already done this, do not click on any links in the email.

If you have any questions about any platform, whether it be trading, shopping or investments, or emails, please let us know.