Speedvel.com Under Investigation – Scam or Legit? Read This

Speedvel.com is a fraudulent website that offers to buy items at unusually discounted prices. It may appear as a discounter, or as a marketplace for warehouse liquidation items, but it is actually just a story to make you think about this site as a legitimate one. After placing an order on this site, you will likely get nothing at all, or, at best, inferior or counterfeit items.

In this article, I will show the warning signs regarding the Speedvel.com store, the way this scam operates, and show how to detect similar scams. This will help you to avoid similar shopping scams in future.

Speedvel.com Site – Scam Overview

As I said, Speedvel.com may initially appear like a legit discounter or the merchant of stock liquidation items. But a short analysis shows a concerning amount of red flags that say clearly about this site’s deception. Unfair advertising methods, excessively low prices, lack of customer support and customer feedback – this site completes the fraud bingo right away.

Speedvel.com Scam

By purchasing items on pages like Speedvel.com, it is improbable that you will receive the items you’ve ordered. More typically, it results in one of 3 instances characteristic for scam sites.

Counterfeit goods. Not the worst option, as you get at least something. But as it usually happens to imitation items of popular brands, the quality will be inferior, to say the least. Eventually, the site may mention about that somewhere deep in the item description or “about us” page, but users rarely check them thoroughly. This is a particularly frequent case when ordering from sites that promote baubles, small electronics and stuff the like.

Wrong item. To make the deal look legit, but spend even less money on the delivered item, rascals may ship a incidental item they have on hand instead of what you’ve ordered. An old t-shirt instead of a brand new one, a dirty aluminum dish instead of a set of dishes – frauds may turn really inventive in that case.

Absolutely nothing. This is the most typical case when ordering from websites like Speedvel.com. Frauds take your money, promise the delivery, and then merely disappear. As scams do not aim to exist for a long time, scams do not bother themselves with creating even a vague visibility of legitimacy.

Speedvel.com scam – How does it work?

As any fraud, Speedvel.com follows a simple and well-proven scheme of operations. It usually consists of 3 stages, with certain deviations from time to time.

Step 1 – Attract the Masses. Scammers post massive amounts of promotions on social media, particularly preferring Facebook, YouTube, Instagram and TikTok. Paid ads say exactly the same things as the websites do: 90% discounts, free delivery around the world, hurry up to get the deal.

Ads of fraudulent shops posted on different platforms

As users consider ads on the mentioned platforms genuine, they do not suspect anything at this point. Ads become particularly convincing during major events that boost people’s interest in shopping, like Halloween, Black Friday, Christmas, etc. Sometimes, they mask themselves as resellers of the liquidated stock of bankrupt retail companies.

Step 2 – Take the Money. Once individuals are on the website, scammers do their best to make the consumers buy something. Impossibly good deals, additional discount promo codes, free delivery, bright and blinking “Order Now” buttons that are just everywhere – they use every single method possible. And this works out – uninformed customers stick to the offers and proceed to paying for the order.

Payments are done in a quirky manner. Instead of more classic options for online shopping, like Visa/MasterCard payments or PayPal, tricksters offer using direct bank transfers, Venmo or CashApp. Thing is, the latter do not provide any refunds, regardless of the circumstances. Even when you can prove that the transaction went to scammers, “no refunds” is a part of their policy which you agree on upon registration.

Step 3 – Vanish. Once tricksters get enough money, or – what is more likely – there are enough complaints and user feedback about the site being fraudulent, they simply disappear. Usually, this happens at around the 2nd or 3rd week of the site activity. Once enough customers are aware about the dishonest activity, the money flow will dry up, leaving scammers with no reason to move on. Reporting the scam to the domain hosting helps take the domain down pretty quickly.

Why is Speedvel.com a Scam?

Well, we just talked about the way the hoax site operates. Now, let’s see how to understand whether the site is deceptive without risking your money. Fortunately, fraudsters do not bother themselves with creating well-rounded disguises, so the same red flags repeat from one site to another.

1. Fake or absent reviews

Hoax websites aim to exist for 1-2 weeks, so there’s no reason (and way) to make any reputation with reviews. Obviously, even benign shopping sites will lack consumer comments when they have just started, as there were only a few buyers yet. For that reason, this sign is not stand-alone and must be confirmed with other signs or indicators.

Definitely not generic comments generated by AI

However, when you face unrealistic reviews that have nothing to do with what the site markets, that’s definitely not a good sign. Any blurred or nonsense reviews that may describe any item sold on the website should be taken with a grain of salt. And well, on dishonest websites you will get an entire saltcellar. Do not hesitate searching for reviews on Google – this may save your money.

2. Unbelievably high discounts/low prices

No merchants will sell goods at loss for themselves. 70%, 80%, 90% discounts are not trustworthy even during sales events such as the aforementioned Black Friday. In some cases, dishonest sites have the initial price low without saying anything about discounts, but they will most likely be outrageous, like $30 for a bed or $10 for a branded leather bag. Goods may be sold at a low price, but every sell-off has its rational limits.

3. No customer support.

This is what distinguishes dishonest sites from the benign ones, even newly established. When a site is about to scam the clients, there’s no need to waste time on answering their questions. Check out the “About us” or “Info” page – the site will have no support contacts whatsoever.

Typically for fraudulent sites, the “About us” column is completely empty

When they offer an email, or even a phone number to reach them out, there is a great chance that these numbers and emails will be dead silent to your request. This, or you will receive some generic text regardless of your question.

As scoundrels tend to reuse numbers and emails for specifying them as “support”, you can search them on Google. When they are used on a different website, be sure you’re facing a blatant scam.

A chain of scam websites that use the same “support email”

4. Payments via payment systems that does not support refunds

This scam indicator is complementary, as there are plenty of legit shops and services using direct bank transfers, CashApp, Venmo or similar payment systems. Each of the latter has the same pitfall I’ve already mentioned above: these methods do not suppose any refund options. And this is what attracts scammers – once you paid for the order, there’s no way to get the money back.

Some websites may also ask for payments in crypto, which is even less controllable than aforementioned payment methods. While crypto payments expand their presence slowly, they still remain a beloved bay for different scammers.

5. Items’ images are sourced from another page

As scammers most likely don’t have any real items on hand, they are not able to shoot unique pics. Thus their option is to hijack these images elsewhere. When crooks offer identical items on different sites, you can find same images on similarly-designed scam pages. By searching for the image on Google, you can prove whether the image is unique or not.

Image duplicates on another scam site, as well as on Amazon and Walmart sites

6. Design repeats the one of a different page

This is the continuation of the stolen images I’ve just described. As frauds may use the same topic again and again, they put the same site design under the new address, and voila – a new scam site is ready to rock-n-roll! In some cases, reverse image search advice from the previous paragraph may lead you to the identical copy of the page you’ve started on. It makes uncovering such scams pretty easy, but crooks who stand behind them never aim at cautious users.

Example of scam sites that duplicate each others’ design

Frequently Asked Questions about the Speedvel.com Scam