7 Red Flags to Watch For When Buying a Canon EOS R50 on Bonanza

Bait-and-Switch Electronics: Sellers may list a Canon EOS R50 at an incredibly low price to attract buyers, only to reveal the actual item is of much lower quality or a different model once the transaction is initiated. Always be wary of deals that seem too good to be true.

Untraceable Payment Request: Scammers often pressure buyers to use payment methods that offer no buyer protection, such as direct bank transfers or cryptocurrency. Bonanza typically uses secure payment partners like PayPal, Stripe, and Amazon Pay. Be highly suspicious of any seller who insists on an alternative, untraceable payment method.

Phishing 'Booth' Verification: Be cautious of unsolicited messages or emails claiming to be from Bonanza, requesting sensitive information for 'verification' or to 'secure your transaction.' Bonanza states that all personal and financial information is collected through secure, encrypted site tools within the seller dashboard. Never share your login credentials, banking details, or other sensitive information via email or direct messages.

Overseas Shipping Extortion: While legitimate sellers may ship internationally, be wary of sellers who, after an initial agreement, suddenly demand additional, exorbitant fees for shipping, customs, or import duties that were not clearly stated upfront. This can be a tactic to extract more money from you.

Ghost Inventory Listing: This scam involves sellers listing items they do not actually possess. The camera might be listed at a competitive price, but once purchased, the seller will claim it's out of stock and may offer a less desirable alternative or simply disappear. Always check seller feedback and look for signs of legitimate inventory.

Stolen Tracking Number: A scammer might provide a tracking number for a legitimate shipment, but it may be for an item that is not the Canon EOS R50 you purchased, or the tracking number could be associated with a stolen product. Always verify the shipping details and the seller's reputation.

Sellers with unusually low prices: Be very cautious of Canon EOS R50 listings priced significantly lower than the market average. While some sellers might offer good deals, exceptionally low prices are often a lure for fraudulent transactions.