The Wholesalescout Scam Can Seriously Harm Your Business Prospects

Make a conscious effort to stay away from Wholesale Scout, one of the most dangerous scams in the ecommerce arena. They trap you into buying their subscription with a one pound trial offer. Once you succumb to it, your troubles begin and multiply faster than you can imagine.

It seems that the whole idea behind the one quid offer is to get hold of your account details so that they can have a free run, debiting your account at will. They withdraw payments using different names. You cannot even make out what is happening. They rob you using these deceptive methods. That’s how sharp these scammers are.

Newcomers are targeted more Because of their Ignorance
It is clear from reviews about wholesalescout that they are experts at making claims that appear genuine at the onset. However, it’s only when you start digging deeper that the muck really shows up. They have a gang of expert online swindlers helping them plan devious schemes that look pretty straight and legal. They cleverly choose novice retailers because they are soft targets and always looking for low investment offers to make money online.

The one pound offer is valid for just seven days according to the information provided on the website. You have to cancel the membership well before time. They insist that you have to cancel the membership by email failing which, your account will be deducted automatically and that’s precisely what happens. It seems like a well chalked out plan. They claim that they did not receive any email from you and cooly charge you the full amount for the next subscription.

Beware - You could be losing Money without Knowing about it

The worst part about this Wholesalescout scam is that they won’t inform you of what they will do next. You suddenly discover this shocker that they have used a different name to charge your account. If you decide to go ahead and use the subscription, now that they have taken away your money in any case, that too won’t work. The information provided about wholesale sources and deals are useless. It simply cannot help you earn any money.

The verified wholesale directory is another sham that they promote on their website. The list is a straight liftoff from the internet and from free directory sources. You are forced to pay for information they label as exclusive but can be accessed for free on many directory sites. All it takes is a little research to call their bluff. Most of the suppliers are middlemen which means even if you manage to find products to sell, your margins will go for a toss because these middlemen will shear off the cream of your profits, making it tough for you to break even.

If you are seriously planning an online retailing business, take the business review portals covering Wholesalescout seriously and avoid this site. You can easily find better wholesale resources on leading trade directory services that offer genuine and verified listings. They are the best bet to help you set up your online retail store quickly and with very little effort. Make sure that you research your sources to avoid falling into the hands of scammers like this one.

Why Wholesalescout Has Lost Credibility With Buyers

When a supplier directory does not keep its promises, it loses the trust of buyers. Buyers become wary of using such sites. Reviews indicate that something similar happened with Wholesalescout.co.uk.

Perhaps this website should not even be called a wholesale directory.  It is actually a front for scammers to collect money in the form of buyer fees.  The web site offers no service in return.

The Auto Charging Scam

This sort of scam is very common on fraudulent web sites like Wholesalescout.  Buyers are tricked into providing their credit card details here.  Once you have authorized the payment of a one time fee, you will notice that every month your card is billed a particular amount — without your permission. There is no way to stop such recurring billing unless you cancel your credit card. Even cancelling your membership is useless, because you are autocharged anyway.

How Buyers Are Trapped

First, the site makes promises it has no intention of keeping. Buyers are told they will be provided information about suppliers and wholesale deals — none of this is ever forthcoming. The site is static; set up just to lure buyers and charge them fees. This is a common trick used by many fraudulent websites to make money the unethical way.

As it is, buyers face too many difficulties sourcing products. They cannot find the right suppliers, and they are often short of funds. Sites like this one make things worse, by not only cheating the buyers but also demoralizing them by making it impossible for them to continue business.

Excessive fees are not the only problem with the site. Reviews have mentioned other problems with wholesalescout as well.

Products with Low Profit Margins

The products here are so expensive that buyers are not left with any profit margin if they sell the product online. You need to keep in mind that profitability on eBay tends to be lower than usual retail stores, because on eBay products are much cheaper. Therefore, the retailer, who sells merchandize online, needs to offer significant discounts to customers.

However, if you were to use this directory to find products, you will never be able to offer customers the discounts they need.

Out of Stock

 This mode of scamming buyers is common to most dubious wholesale sites out there. They display an inventory that they hardly ever hold, and encourage buyers to pay a fee to buy these products. Once the fee has been paid, the buyer discovers that the products are out of stock. Reviews say that sites such as wholesalescout do not stock products in the first place. Therefore, if you were lured by promises of dropshipping gold, you have been scammed.

This is not the right place to look for products to stock your store racks. You will only end up paying insanely high fees, compromise your credit card information, and spend weeks chasing products that are not available. Wholesale Scout is another byword for fraud, and knowledgeable buyers keep away from this site.