Fraud Exposed: Let’s Talk About Marketplace Fraud

Online marketplace sales are expected to surpass an astounding USD 400 billion in 2023 in the US alone. Whether it’s Amazon, eBay, or Alibaba, marketplaces have revolutionized the online shopping experience. Acting as a one-stop shop for a multitude of different products, marketplaces allow users to buy anything from a notebook to glow in the dark toilet paper on the same platform.  

But where opportunities rise, fraudsters tend to follow. Online marketplaces are a goldmine for fraudsters, who can either be the buyer or the seller. Let’s take a look at some of the common types of online marketplace fraud.