Current:Home > reviewsRekubit Exchange:Fraudsters target small businesses with scams. Here are some to watch out for -BeyondProfit Compass
Rekubit Exchange:Fraudsters target small businesses with scams. Here are some to watch out for
Poinbank Exchange View
Date:2025-04-07 10:30:33
NEW YORK (AP) — It’s never fun to be Rekubit Exchangescammed, but if you’re a small business owner then falling for a scam can have long-lasting effects on a business, damaging client relationships and profit.
Plenty of types of scams exist, but a few affect small businesses the most.
According to the Federal Trade Commission, small businesses should be on the lookout for phony invoices and unordered merchandise. Scammers send out fake invoices and hope businesses won’t notice. Similarly, scammers call saying they want to confirm an order or verify an address, and send unordered merchandise they then demand money for. Small business owners are under no obligation to pay.
Another thing to watch: if you’re starting a small business, seeking out business coaching can be a helpful endeavor. But people offering those services aren’t always legitimate. They charge for services they don’t actually provide and ramp up fees. For legitimate business coaching contact your local Small Business Administration regional office.
The Better Business Bureau also warns of directory scams, which it says have targeted businesses for decades. Scammers try to get businesses to pay for a listing or ad space in a non-existent directory. Or they lie about being from a legitimate directory. Either way a small business pays for something that it never gets.
If you spot a scam, report it to ReportFraud.ftc.gov. You can also file a complaint with the Better Business Bureau at BBB.org/ScamTracker.
veryGood! (6335)
Related
- The Grammy nominee you need to hear: Esperanza Spalding
- Copa America ticket refunds: Fans denied entry to final may get money back
- Some convictions overturned in terrorism case against Muslim scholar from Virginia
- Carroll Fitzgerald, former Baltimore council member wounded in 1976 shooting, dead at 89
- Current, future North Carolina governor’s challenge of power
- Country Singer Rory Feek Marries Daughter's Teacher 8 Years After Death of Wife Joey
- North Carolina governor’s chief of staff is leaving, and will be replaced by another longtime aide
- Back-to-school shopping 2024 sales tax holidays: See which 17 states offer them.
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- The bodies of 4 Pakistanis killed in the attack on a mosque in Oman have been returned home
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- 'Brat summer' is upon us. What does that even mean?
- It Ends With Us: Blake Lively Will Have Your Emotions Running High in Intense New Trailer
- A judge adds 11 years to the sentence for a man in a Chicago bomb plot
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Pregnant Brittany Mahomes and Patrick Mahomes Reveal Sex of Baby No. 3
- The Daily Money: Save money with sales-tax holidays
- Carroll Fitzgerald, former Baltimore council member wounded in 1976 shooting, dead at 89
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
The man who saved the 1984 Olympic Games and maybe more: Peter Ueberroth
More Democrats join wave of lawmakers calling on Biden to drop out of 2024 race
Nominations for National Guard leaders languish, triggering concerns as top officers retire
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
West Virginia governor’s bulldog gets her own bobblehead after GOP convention appearance
Tennessee will remove HIV-positive people convicted of sex work from violent sex offender list
Shane Lowry keeps calm and carries British Open lead at Troon