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While most buyers and sellers on internet auction sites are honest, there is always the threat of underlying fraud. When the photo arrives in the post and not the product, buyers are obviously outraged. Steps to avoid online auction fraud 1)Check seller's feedback One of the best ways to judge a seller's honesty is to check his or her feedback. For more information go to : http://pages.ebay.com/help/community/fpp-guide.html FlipShark has a useful site on internet auction scams. www.flipshark.com/scams/ebayindex.html The US Federal Trade Commission has a useful guide for buyers and sellers on internet auctions which has relevance to other countries. www.ftc.gov/bcp/conline/pubs/online/auctions.htm To sum up, most buyers and sellers on internet auction sites are honest. Article: While most buyers and sellers on internet outcry sites are honest, there is rigidly the threat of underlying fraud. Auction sites have had instances of sellers posting pictures of items for sale, only to include in extremely small print that buyers are only invitation for the photo rather than the item itself. When the photo arrives in the post and not the product, buyers are obviously outraged. Steps to exclude online fraud 1)Check seller's feedback One of the best ways to judge a seller's honesty is to slow down his or her feedback. Most buyers will give feedback on a sale, rating the seller in the seller's Feedback Profile. If the feedback is negative, it will be very difficult for that seller to buy or sell anything on that knock down site in future. retroflex the seller's feedback and if it is not overwhelmingly positive, do not buy. 2)Find out seller's contact details Before you enter into a deal, try to establish contact with the seller. On eBay you can search information on a member by visiting the Find Members page. If you can get a phone number or an email address, you have a preferable sweeping of solving any future problems. You could establish contact with the trader by requesting further information not far the nature of the product in which you are interested. 3)Payment Methods Credit card are the safest way to buy somewhat online for the simple reason that, in the case of fraud, most credit card companies will cover the cost. Online payment services such as PayPal and FastPay are also popular with block site users as of their safety. These are account-based systems that send money via credit card or bank account. 4) Use an Escrow Service For higher priced items you should consider an escrow service. An escrow service acts as a middleman betwixt and between the user and the seller to ensure a fair transaction. The escrow service holds the item and the money until the buyer has inspected and of the faith the goods. Only then does it release the money to the seller. The only downside is that it will cost the user extra to use this service. However, it is something to bear in mind when purchase more expensive items. 5) Complaints/ Fraud Protection Most online block sites have a complaints' procedure. For example,if you're unhappy with the goods or you have not received them, Ebay operates a fraud protection program. For more information go to : http://pages.ebay.com/help/community/fpp-guide.html FlipShark has a useful site on internet scams. www.flipshark.com/scams/ebayindex.html The US detective Trade gains has a useful guide for buyers and sellers on internet auctions which has relevance to other countries. www.ftc.gov/bcp/conline/pubs/online/auctions.htm To sum up, most buyers and sellers on internet block sites are honest. However, if you use the rivalling tips, you should not fall victim to fraud. © 2003 John Lynch Visit http://www.merchant-account-service.com/ebay.html for a FREE extensive auctions course on how to start a successful online auctions business. ==========================
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