Things to take note to prevent e-auction fraud when a consumer participating in an e-auction
Steps to prevent e-auction fraud
– Understand as much as you can about how the internet auctions work, what your obligation are as a buyer, and what the seller’s obligations are before you bid.
– Watch out for “Advance-fee demand” – you need to look carefully at any seller of goods or services who wants you to send checks or money orders immediately to a post office box, before you receive the goods or services.
– Find out what actions the websites takes if a problem occurs and consider insuring the transaction and shipment.
– Do not simply disclose your personal data – if you see e-mail messages from someone you do not know that ask you for personal data for examples, credit card number, account number, or password, do not just send the data without knowing more about who is asking.
– Review the feedback rating for the seller, and use common sense; if the seller has a history of negative feedback, then the participants do not bid with the particular seller.
– Must ask the seller when delivery can be expected if not specified in the listing, and about warranty, exchange or return of merchandise you find unsatisfactory.
– To avoid unexpected cost, you must read the information in the listing about shipping and handling fees carefully. If not specified, you may want to clarify before you start bidding.