In the early days of internet auctions you were much more likely to be conned than you are today. Figures from the National Fraud Information Center for the year 2000 stated that 78% of Internet fraud at that time took place on online auction sites. Since then the big sites have taken major steps to make their auctions safer places for their users.
Although it is safer to buy online from auctions today, you still need to be careful when transacting in internet auctions. Here are some tips to ensure you don’t get taken advantage of.
Buy from sellers with good feedback scores as this is one of your best protections. This is a feature of internet auctions which can’t be compared by other online retailers. This independent rating system will give you a very good indication of which sellers can be trusted. Ensure the seller has carried out enough selling auctions for it to be a reliable indicator.
Pay by credit card, which is usually the safest method. That way, if you have any problems you can seek redress through your credit card provider. This is a facility you wouldn’t normally have when buying from a private individual, so use this...
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