Things to take note to prevent e-auction fraud when a consumer participating in an e-auction
Sunday, July 6, 2008
Auction are define as market mechanism by which buyers make bids and sellers place offers; characterized by the competitive and dynamic nature by which the final price is reached. Electronic auctions (e-auctions) are auctions conducted online.
I would like to share a list of tips you can use to prevent e-auction fraud when participating in an e-auction.
First, learn how the auction runs. Find what obligations you have as a buyer, and what obligations the seller has before you make a bid. Seller will not liable to help you if you do not follow proper prevention measures. Next, read the comments left by previous buyers on the seller, to find out if it's a reputable seller. This step may use to verify the seller identification.
Third, look at the method of payment that the seller accepts and where the buyer is to send the payment. If you're making an online payment, make sure the site is secured. Fourth, ask the seller how long the delivery will take, and the loss and damage claims if the item fails to deliver on the time or damaged during the deliver process. This may show in the seller insurance policy.
Fifth, ask for the warranty policy if there is any warranty or the exchange policy, if there is a problem on the item purchases. Next, Check whether the shipping and delivery fees are included in the price, so you won't be any surprises when you get the shipping and delivery bills.
Lastly, inspect the item when it delivery to you to ensure the item is physically in good condition.
I would like to share a list of tips you can use to prevent e-auction fraud when participating in an e-auction.
First, learn how the auction runs. Find what obligations you have as a buyer, and what obligations the seller has before you make a bid. Seller will not liable to help you if you do not follow proper prevention measures. Next, read the comments left by previous buyers on the seller, to find out if it's a reputable seller. This step may use to verify the seller identification.
Third, look at the method of payment that the seller accepts and where the buyer is to send the payment. If you're making an online payment, make sure the site is secured. Fourth, ask the seller how long the delivery will take, and the loss and damage claims if the item fails to deliver on the time or damaged during the deliver process. This may show in the seller insurance policy.
Fifth, ask for the warranty policy if there is any warranty or the exchange policy, if there is a problem on the item purchases. Next, Check whether the shipping and delivery fees are included in the price, so you won't be any surprises when you get the shipping and delivery bills.
Lastly, inspect the item when it delivery to you to ensure the item is physically in good condition.
