Sorry but I'm late to this thread.
Please can someone enlighten me regarding this scam and others like it , how does it work?
Yours naively,
Rob
There's this dodgy person who hacks into other people's or businesses ebay account, who usually have good feedback.
Then this person lists multiple items as Buy It Now, usually around £1000-£2000 mark. These items are always worth at least double the price this dodgy seller is asking for. The email address is always in the description of the item. You get in touch, the seller will say that if you're really interested, they will set up a private auction where you can just click Buy It Now. Then the seller asks for your email and eBay username. After this the seller sends you a fake email saying "Congratulations, you have bought this item. All you have to do it pay" This email is made to look like it came from EBay, but it isn't. The bottom of the email has the payment instructions, which is an international bank transfer. If anyone falls for it, the money is gone. Whooosssh....
What we can do is report the listing for having the email address in it, which is forbidden by Ebay.