Sunday, July 6, 2008

Thing to take note to prevent e-auction fraud when a consumer participating in an e-auction

Become familiar with the auction website. Look into the websites protection policies. Never assume you are protected from auction fraud.


Before placing a bid, learn as much as you can about the seller. If you can’t find anything out about the seller, than avoid doing business with them. Never fall for promises of better deals by moving away from the original auction website.


If the seller wants you to use an escrow service you’ve never heard of, look into it. Check out the website. Call up customer support. Contact us to digg up data on the business in question. If you can’t confirm the legitimacy, don’t use it.


Never ever give out your social security number, drivers license number, credit card number, or bank account information until you have thoroughly checked out the seller and the escrow service.


Always save 100% of the transaction information. You’ll be glad you did in the event your case makes it to court.


If after the sale you feel the item/payment should have been delivered already, try to work it out with the seller/buyer. If at that point you feel that fraud is involved, immediately contact your state attorney general’s office and the FTC at www.ftc.gov or call toll-free 1-877-FTC-HELP (1-877-382-4357).

1 comment:

Daniel said...

I appreciate for your knowledge sharing.I really need information like this as a new blogger.
Iraqi Dinar