Dont Be A Victim Of Online Auction Fraud

The Internet Fraud Complaint Center (IFCC) reported that last year 7.7 million dollars was lost through online auction scams. The actual losses are much greater. Most auction scams are not reported because they involve only small amounts of money.

Most auction Web sites are aggressive at fighting fraud. eBay has a fraud investigation unit that has helped them hold down fraud to only .01% of its transactions. If you paid for an item and never received it, or if you received the item but it was less than what was described, eBay's Fraud Protection Program will reimburse you up to $200, minus a $25 processing charge. In order to qualify for Fraud Protection coverage, you must submit an Online Fraud Complaint with eBay after 30 days and before 60 days from the time the auction ended.

After making a purchase, buyers can leave feedback about their experience with the seller. Before you bid on an item, check the seller's feedback profile by clicking on the number next to the their User ID. There is also a feedback forum and discussion board.

Below are a few actions that you should take to protect yourself from Internet auction fraud.

  • For a high cost item use an escrow service.

  • Avoid sellers who request payment by electronic transfer.

  • Never provide your Social Security Number or Drivers License Number.

  • Verify the delivery data and the sellers return policy.

  • Review the online feedback on a seller.

  • If the seller is a business, check with the Better Business Bureau www.bbb.org.

  • Prefer sellers who accept credit card payments. When you use a credit card to pay for a purchase, federal law limits your liability for an unauthorized charge to $50. You can also request your credit card issuer to make a charge-back.

  • Be cautious about buying from a seller in another country. If you buy from a seller in another country, understand the difference in laws governing auctions between that country and the US.
If you become a victim of Internet auction fraud, you can submit a complaint report with an online form at the IFCC Web site www.ifccfbi.gov. The IFCC will review your complaint and refer it to the proper law enforcement agency.

Internet Auction fraud is a large and growing problem. Take the measures outlined above to prevent yourself from becoming a victim.

Copyright(C)2004 Bucaro TecHelp.

Permission is granted for the below article to forward, reprint, distribute, use for ezine, newsletter, website, offer as free bonus or part of a product for sale as long as no changes are made and the byline, copyright, and the resource box below is included.

About The Author

Stephen Bucaro

To learn how to maintain your computer and use it more effectively to design a Web site and make money on the Web visit bucarotechelp.com. To subscribe to Bucaro TecHelp Newsletter visit http://bucarotechelp.com/search/000800.asp

In The News:

Coal block auctions and the CAG effect  The New Indian Express

Online Auctions: 10 Secrets You Should Know Before Bidding At An Online Auction

You may have heard about ebay and other online auctions.You... Read More

Effective Online Car Sales on Ebay Motors

Remember back when selling online was a new experience? Dealers... Read More

Professional eBay Auctions Reap the Profits for Sellers

eBay offer an unbelievable amount of traffic for ANYONE wanting... Read More

Police Auctions & Government Auctions Professional Resource Information

Police Auctions Information:No, a police auction is not where you... Read More

Online Auctions: 5 Ways Your Business Can Benefit From Online Auctions

Online auctions are now the new gold rush on the... Read More

How To Profit Using eBays Saved Search Feature

Did you know that eBay will help you locate products... Read More

So, Can You Really Sell EBooks On EBay And Make Cold Hard Cash?

Selling eBooks on eBay, and making any worthwhile profit from... Read More

Auctions Make Money!

An untapped online business resource--outside of your basic Yahoo and... Read More

Eating and Thriving On-Line

The Internet SHOULD be "the place to shop" for low-carb... Read More

Selling on Ebay-Get Started in 7 Easy Steps

Ebay auctions are definitely the easiest and fastest way to... Read More

Is Your Trash Cash? 5 Easy Places to Sell Your Stuff

The old adage that says "one person's trash is another... Read More

What YOU Must Know About The Advantages And Pitfalls Of Dropshipping

The following may be the most important information about dropshipping... Read More

The Powerful eBay Bidding Strategy That Claims A 99% Success Rate

Don't you just love it?You've found that special item on... Read More

Negating Negative Feedback on eBay

Taking some pride in my one hundred percent positive feedback... Read More

Online Auction Fraud

eBay sales may have grown 51% last year over the... Read More

Is The eBay Fee Increase Actually Good For Business?

Fee Increase Leaves Some Sellers Angry, Others ThrilledMuch of my... Read More

Drop-ship or U-ship: That is the Question

For small Internet retailers, drop-shipping is one of the best... Read More

Seven Steps to eBay Selling Success

More and more people try their luck at selling on... Read More

How To Sell Santa?s Slip-Ups

Shoppers spent more than $15.5 billion this Christmas on gifts... Read More

Used Cars For Sale On EBay

There are thousands of used cars for sale on eBay... Read More

Killer Tips To Succeed With eBay Auction

For just a moment, try to comprehend the power of... Read More

Your eBay Username - What Does It Say About You?

Have you tried to register a decent eBay username and... Read More

The 3 Minute Auction and Minute Auction Explained

Am I the only person who doesn't know what a... Read More

How To Use A WYSIWYG HTML Editor To Make Stunning Ebay Auction Listings

What kind of browser are you using for online surfing?... Read More

Are You an Ebay Shopper?

As I write this article, I am keeping an eye... Read More