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Dont be a Basket position of Online Auction Fraud
By Stephen Bucaro
The Internet Fraud Complaint Center (IFCC) reported that
last year 7.7 million dollars was absent buttoned up online
auction scams. The actual losses are much greater. Most
auction scams are not reported as they involve alone
baby amounts of almighty dollar.
Most auction Interlacing sites are aggressive at fighting fraud.
eBay has a fraud investigation unit that has helped them
authority down fraud to alone .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 adjustment to qualify for
Fraud Protection coverage, you must submit an Online Fraud
Complaint with eBay after 30 days and before 60 days from
the age the auction ended.
After manufacture a purchase, buyers can allowance feedback about
their acquaintance with the seller. Before you easily on an
item, check the seller’s feedback profile by clicking on
the figure abutting to the their User ID. There is again a
feedback forum and discussion board.
Below are a few actions that you should booty to protect
yourself from Internet auction fraud.
– For a aerial cost item statement an escrow service.
– Avoid sellers who appeal payment by electronic transfer.
– Never accommodate your Social Security Figure or Drivers
– Verify the delivery data and the sellers return policy.
– Analysis the online feedback on a seller.
– If the seller is a bag, check with the Bigger
Bag Bureau www.bbb.org.
– Prefer sellers who accept credit card payments. When you
statement a credit card to pament for a purchase, federal constitution
limits your liability for an unauthorized charge to $50.
You can again appeal your credit card issuer to accomplish a
– Be cautious about buying from a seller in another
country. If you buy from a seller in another country,
accept the aberration in laws governing auctions
between that country and the US.
If you alter to a basket position of Internet auction fraud, you can
submit a complaint report with an online anatomy at the
IFCC Interlacing site www.ifccfbi.gov. The IFCC will analysis your
complaint and consult it to the proper constitution enforcement
Internet Auction fraud is a ample and growing botheration.
Booty the measures outlined above to prevent yourself from
becoming a basket position.
Copyright(C)2002 Bucaro TecHelp. To apprentice how to advance
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Originall posted May 3, 2012