Almost all “too cheap” keys fall into one of six schemes. None of them is a counterfeit – the key is genuine and actually works. The problem is that it was intended for someone else, and sooner or later the manufacturer notices.
Split volume license
A company buys a license for 500 workstations with a volume discount, uses 200, and someone sells the remaining 300 one by one. Each key is genuine. But the manufacturer sees one contract, not 300 buyers.
What happens. When the contract is reviewed, the whole batch is deactivated at once – often hundreds of keys stop working on the same day, and none of the buyers understand what happened.
OEM key detached from hardware
Manufacturers sell OEM licenses more cheaply on condition that they stay with a specific computer. A key sold on its own has usually been written off, left over from an unfinished production run or simply stripped from the hardware.
What happens. It works until it is checked. When you move it to another computer or replace the motherboard, activation fails and cannot be restored.
Regional key
The same product is priced differently in different regions, sometimes several times more. The key is bought where it is cheapest and sold here. Formally, it is the same program.
What happens. Activation is rejected, or the program switches to another region's language and support. Updates come from that region's servers, and local support treats the key as foreign.
Educational, NFR or reviewer license
Manufacturers give free licenses to schools, teachers, partners for demonstrations and journalists for reviews. They are marked “not for resale” and are technically no different from purchased ones.
What happens. Such a license is revoked as soon as it is detected, and there is nothing to dispute: it was never meant to be sold, so the purchase has no legal basis.
Trial period extension
What is sold is not a key but a tool or instructions for restarting the free trial period. The buyer sees a working program and believes they have bought a license.
What happens. The license does not appear in the manufacturer’s account at all – because there never was one. The program stops working after 30 days, and the seller offers to “renew” it once again.
Key bought with someone else's card
The key is bought officially, but with someone else’s bank card, and immediately resold. It takes weeks or months before the real cardholder notices and gets the money back.
What happens. This is the scheme behind the notorious “it worked for three months and then disappeared”. The original order is canceled retroactively, and the key along with it.