This is when
individual intending to rip you off order your product or
service and pay you with a check to cover the cost. But,
instead of writing the check for the exact amount they write
the check for more than what it cost (letís say $200 more).
You being the nice person that you are, write them a check
for the over paid amount. Only later you find out that
their check was from a bank account that had been closed
years earlier. Not only did they get your product or
service for free, they also get some cash out of it.
Perpetrators of this scheme will often emphasize the need
for the item in a hurry, prompting haste over sound judgment.
Protect your business:
overpaid checks immediately, and ask for a check in the
send products or refunds to a first-time buyer until their
check has cleared the bank.