Auction is market mechanism by which buyers make bids and sellers place offers. The most democratic type of auctions is an electronic auction which means auctions carry on online.
Now, purchaser and marketer alike gain from the great chances that online auctions provide. It call e-auction. Nevertheless, the speedy increment of online commerce presents new chances and new dispute for both traditional retailers.
These are some significant notes that users should take notes when enter into an e-auction process. First of all, there are the User identity verification where eBay uses the service of Equifax to verify user personal identities. Verified eBay user, a voluntary platform, encourages users to supply eBay with datas for online confirmation. By providing their Social Security number, date of birth and driver’s license number, users can qualify for the highest level of confirmation on eBay.
Most beneficial of eBay is a new specialty site for finding the most-unusual items on the eBay site. Users can also vote on and appoint listings that they found.
Some of the tips to avoid fraud:
- check the reputation of the e-auction web sites and their policies to protect their own customers and also customer's personal datas
- know the buyers or sellers- If possible, deal with the buyers/ sellers in person.
- If there is any question on the identity of the buyers/sellers, don't make payment or ship out the goods.
- Get the details of the sellers/buyers before making payment or sending out the goods.
- Always check for the feedback forum to read the comments that left by previous buyers on the seller or particular website.
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