Safety and Privacy (17)

A buyer has mailed me a check as a deposit on a business I am selling. Is it okay to deposit the check?

Absolutely not. This is a very common scam. If you deposit it, it will bounce and the fraudster will gain access to your banking information. No legitimate buyer will ever sen...

Can people create fake profiles?

Yes. Unfortunately, they can. We have multiple security systems in place to find and remove fake profiles, but they are not 100% effective.  Look for the ID Verified checkmark...

Do fraudsters and scam artists ever create fake listings?

Yes. It happens all the time. We do our best to weed them out, but it’s a never-ending battle. We rely on our members to report fake listings so, if you believe a listin...

Do you check or verify any of the information in member profiles?

Yes. We check the names of members who apply for Identity Verification. We do not verify any other member information. The blue identity verification badge next to the member...

Do you sell any data to marketers?

No. We do not sell or share any data with marketers.

How can I protect myself from fraudsters and con artists?

If you’ve been contacted by someone you don’t know, look at their profile. Check the Member Since field. We have good systems in place for weeding out fraudsters ...

How secure is my data?

Your data is very secure. Our servers are in very secure locations with multiple layers of redundancy.  We also don’t store sensitive data on our servers. For exam...

I think a listing is fake or misleading. Can I report it to you?

Yes. Please report it. There is a Report Abuse button under the listing photo. Click on the button and complete the form.

I think one your members may be engaging in illegal or unethical activities. How do I report it?

There is a “Report Abuse” button on each member’s profile. You'll find it by clicking the More button under the profile description. Then click on Report Abu...

I'm being asked to provide a financial statement before I can get more information. Is this normal?

Yes. It's common practice. But be very careful when you do this. You don't want to send your financial information to a crook.

I'm being asked to sign a non-disclosure agreement (NDA) before I can get more information. Is that normal?

Yes. This is a common practice with many types of deals. For example, when an owner is selling a business, they probably don't want their employees, customers, vendors, and co...

Someone is asking me for my banking information so they can send me a deposit. Should I give it to them?

Absolutely not. This is a very common scam used by fraudsters to get your banking information. No legitimate person will ever send you a deposit without first doing some serio...

Someone is asking me to pay a fee or retainer before they provide additional information. Is this unusual?

It’s very common for intermediaries to ask for a retainer when they are being hired to to conduct an open-ended acquisition search. But it’s very unusual for an intermediary t...

Someone is asking me to sign a contract before they provide additional information about a business for sale. Is this unusual?

This is very common with Buyer Fee Payable listings. The member wants to make sure you pay them a commission if you buy the business described in the listing. That being said,...

What does DealStream do to protect members?

We have multiple systems in place for catching cybercriminals. We have proprietary software that assigns "red flags" to members using 20 different variables. We have a safety...

What happens to my data when I cancel my membership?

We keep your data. You may, however, make a written request to have your name and other Personally Identifiable Information removed from our database.  For more informat...

What tips do you have for doing business safely?

We have a number of systems in place to weed out scammers. Unfortunately, these systems are not 100% effective and you still need to exercise care when doing business on DealS...