Feb
27

Online Auction Fraud : Keys To Staying Safe

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Online Auction Fraud

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Online Auction fraud is bound to be happening just like it does in every other industry. When joining online auctions, it can be difficult knowing whether or not you can trust going through the whole bidding process. This is not unusual, especially for first timers, and even experienced online buyers. There is nothing like examining and holding the product in your hand before walking out of the store. However, don’t let the fear of online buying stop you from a great shopping experience. Remember these key tips that will help you stay safe every time you buy.

Avoid Online Auction Fraud

Check the terms and conditions

Is it check, cash on delivery, money order or credit card? Is payment to be made upon receiving the item? Within 24 hours? These are important questions that you should be asking. Credit card sales are good, as most banks offer insurance on card purchases. However, using a credit card can often come with a hidden charge. It pays to check the charges for all the different payment methods before making your choice. You also need to find out if there is a shipping charge and return policy attached to the product as well.

Research the product

Your best bet before you buy anything online is to research it thoroughly. Read online reviews or go to websites that have pictures and detailed descriptions of the product. Gathering as much knowledge about the item will allow you to make an informed decision on how much you should bid. If the pictures of the item in question are not clear, ask the seller to send you better ones. You can use these in case any disputes arise as to the condition of the item.

Know the seller’s background

Find out what other products are being sold by the seller. Is this person a mass seller or someone just getting rid of stuff from the attic? Check the website if there have been customer feedback, both positive and negative, related to the seller. Asking questions can also help you verify the seller’s knowledge on the product, as they should respond to you in a prompt and timely manner.

When joining online auctions, don’t forget to check the terms and conditions of the item you are planning to purchase. Then, follow that up by doing research and getting as much information as you can. Finally, learn more about the seller by reading customer feedback and asking some questions. Going through all these steps will lead you to a better online shopping experience.

See our home page for more information on what to look for for when entering Online Competitions


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