Urgent.News

What's breaking now, across thousands of outlets.

Business

Sale and fraud: Money gone, no bike: Fake bike shops ride the sale wave

Bicycles on sale, everywhere. This is good for the wallet - but only if the savings don't end up at a fake shop. How to spot bike scams in time.

Translated from German Read in German

Sale and fraud: Money gone, no bike: Fake bike shops ride the sale wave

As the autumn season approaches, many bicycle dealers are clearing their stock, offering discounts on various types of bikes, including mountain bikes and e-bikes. However, the consumer protection portal "Watchlist Internet" warns that many fraudulent online shops are also taking advantage of the sales wave, luring customers with fake deals.

These fake shops often have professional-looking websites with fake contact information and offer unrealistically low prices, sometimes 15% lower than those of genuine dealers. To avoid falling victim to these scams, consumers are advised to use price comparison tools, be cautious of payment methods, and check the legitimacy of a shop using the "Fakeshop-Finder" tool provided by consumer protection agencies.

Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

Developers and architects cite staffing shortages as one of main challenges of functioning during wartime

Staffing shortages, high construction costs, and the slow implementation of reforms and permitting procedures are the main challenges facing developers and architects in Ukraine during the war…

  • Severe staffing shortage of construction workers hampers projects
  • Architects' numbers plummeted from three-four to one
  • Building underground shelters costly, state urged to cover costs

More from Friday 4 September →