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  • Will You Add? - Bidders Beware: Scams Commonly Used on Internet Auctions

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    er, some have had credit cards or bank accounts compromised. Sellers are also among the victims, although not nearly as often.

    Don’t get scared off by the statistics, may pe

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    Online auction fraud is one of the most commonly reported cases of Internet fraud reported to the Federal Trade Commission each year. The 2005 Internet Crime Complaint Center Report states that 62.7 percent of all reported Internet fraud claims regarded Internet auctions. This is an 11.9 percent decrease from 2004. With these statistics, no one would argue this is a problem within the online auction community; however, eBay, the Internet’s leader of online auctions, reaches approximately 32,000 people a week and the number of people participating in Internet auctions continues to grow.

    Buyers who have received damaged products, misrepresented products or no product make up most of these reports; however, some have had credit cards or bank accounts compromised. Sellers are also among the victims, although not nearly as often.

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    rt states that 62.7 percent of all reported Internet fraud claims regarded Internet auctions. This is an 11.9 percent decrease from 2004. With these statistics, no one would argue this is a problem within the online auction community; however, eBay, the Internet’s leader of online auctions, reaches approximately 32,000 people a week and the number of people participating in Internet auctions continues to grow.

    Buyers who have received damaged products, misrepresented products or no product make up most of these reports; however, some have had credit cards or bank accounts compromised. Sellers are also among the victims, although not nearly as often.

    Don’t get scared off by the statistics, may pe

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    this is a problem within the online auction community; however, eBay, the Internet’s leader of online auctions, reaches approximately 32,000 people a week and the number of people participating in Internet auctions continues to grow.

    Buyers who have received damaged products, misrepresented products or no product make up most of these reports; however, some have had credit cards or bank accounts compromised. Sellers are also among the victims, although not nearly as often.

    Don’t get scared off by the statistics, may pe

    Sell Aeronautica and Airline Memorabilia on eBay
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    e participating in Internet auctions continues to grow.

    Buyers who have received damaged products, misrepresented products or no product make up most of these reports; however, some have had credit cards or bank accounts compromised. Sellers are also among the victims, although not nearly as often.

    Don’t get scared off by the statistics, may pe

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    er, some have had credit cards or bank accounts compromised. Sellers are also among the victims, although not nearly as often.

    Don’t get scared off by the statistics, may people have excellent experiences with online auctions, but like any other business or shopping endeavor it is always smart to remain shopping savvy. The following are a few common frauds and scams performed by con artists and ways to avoid them.

    Product Scams

  • Always do your Research.
  • Before ever placing a bid, always do your research about the auction site, the seller and the product. Read the terms and services agreement presented by the auction site. Some have hidden fees or don’t offer any kind of fraud security.

    Additionally, many auction services have feedback centers. Read the feedback about the seller. Feedback is used by auction sites to help sellers and buyers

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