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Don't 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
 MORE RESOURCES updated Sat. March / 20 / 2010
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Foreclosures up slightlyStar Community NewspapersFor the upcoming auctions on the first Tuesday in April, 6168 foreclosure notices have been filed." Roddy said. "This surpasses the previous monthly record ...and more » |
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Foreclosures up slightlyAllen AmericanFor the upcoming auctions on the first Tuesday in April, 6168 foreclosure notices have been filed." Roddy said. "This surpasses the previous monthly record ...and more » |
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Foreclosures up slightlyMcKinney Courier GazetteFor the upcoming auctions on the first Tuesday in April, 6168 foreclosure notices have been filed." Roddy said. "This surpasses the previous monthly record ...and more » |
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Online escrow service for securityThe Japan TimesPerhaps I can add that the best way to guard against being ripped off by online sales or auctions is to use a bona fide online escrow company. ... |
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Starry starry nightsSifyThe lesson in this should not be missed by team owners who will have to go through a fresh round of auctions next year, where the emphasis, other than on ...and more » |
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