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Qchex and Check Scams - posted 5/2/05 Please visit www.bayequest.info/images/76acc28.jpg to view a .jpg copy of a new type of suspected scam check. It's not a traditional cashier's check drawn on a bank, but was provided by an on-line service called Qchex www.qchex.com/home.asp. Otherwise, it has all the hallmarks of the classic scam - buyer has very poor English skills, sends a check for far more than the item's price, and asks the seller to send him the difference in cash. Here's Qchex's boilerplate reponse to our inquiry -- Note this very scary statement: "Depositing this check into your own account will expose your account information to the payor" ------------------------------- QCHEX is a check delivery service providing you the advantage & convenience of today's technology. You will be notified by email that a QCHEX has been sent to you. By clicking on the link in the body of the email, you will be able to view and print your check. As a recipient of a QCHEX, you can print your check using an inkjet or laserjet printer. We recommend that you use blank check security paper (VersaCheck Form 1000), and VersaInk (magnetic ink cartridges for inkjet printers), or MICR Toner (magnetic toner for laser jet printers). These supplies can be purchased at www.versacheck.com or at your local office supply store. You may have received your QCHEX through the US Postal stream as opposed to through email. You just need to endorse this check and cash/deposit this check into your personal account. It is important to understand that QCHEX is not a banking institution and cannot provide information regarding the checking account or the available funds in that checking account. The authentication code that is printed on each QCHEX is an identification code in the QCHEX system- it does not validate the funds in the checking account. To verify funds, you should contact the payor to discuss this point. You may also elect to contact the bank, located at the top-center of the check, to verify the account or availability of funds. If you do not recognize the payor, or are not expecting a check of this nature, you may want to closely consider your actions. Depositing this check into your own account will expose your account information to the payor. You must make your own independent determination regarding the statements and representations of the other party. Please visit www.QCHEX.com and select SECURITY and/or TERMS OF USE for additional tips on Fraud Prevention. These links are located at the bottom of the QCHEX home page. ----------------------------- |
