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Safe Trading On Ebay Avoiding Fraud For Buyers Sellers
urn on CNN or Fox News, as a sales platform." That seems
read a column on the just a bit immature, don't you
Internet or play your think? Just a few weeks ago my
favorite all news radio station nine year old daughter left her
an you'll become acutely aware of board shorts on a lounge chair
the "so-called" fraud online - while swimming in the pool (at a
specifically related to eBay. nationally recognized vacation
resort). When she returned, her
Definition of Fraud: "In a broad shorts were gone. Someone stole
strokes definition, fraud is a her shorts. Fraud and theft. How
deliberate misrepresentation should my nine year old respond?
which causes another person to Should she never swim in a public
suffer damages, usually monetary pool again?
losses."
Of course not. But, she can learn
Like many, I have had negative a valuable life lesson of how to
experiences one eBay. However, protect herself and her property.
I've also had negative And to that we discover the
experiences with unscrupulous purpose of this article. How can
people in the real world. The we protect ourselves from
truth is that eBay is just a potential fraud on eBay?
microcosm of real-life society
where 99.9% of people are good Fraud on eBay, while small in
nature. proportion to the number of
transactions that take place, is
Have you had a bad experience on a real issue for the unsuspecting
eBay? I spoke with someone eBay member. Follow the following
recently who said that a points to reduce the potential of
"fraudulent experience on eBay" fraud on eBay in your online
ruined their desires to use eBay trading adventures.
sounds 100% legitimate. It might
Fraud Tip #1: Understand Phishing come from: support@... And looks
like this: "Dear eBay member, You
1. A new word to the Websters' have received this warning
Dictionary for 2005, this has because we have strong reason to
become #1 of the top areas of believe that your eBay account
Fraud Alert in the history of the had been recently compromised and
internet. Here is the definition it could be used by a third party
from dictionary.com: "A method of without your authorization. In
identity theft carried out order to prevent any fraudulent
through the creation of a website activity from occurring we are
that seems to represent a required to open an investigation
legitimate company. The visitors into this matter. To speed up
to the site, thinking they are this process, you are required to
buying something from a real verify your eBay account by
business, submit their personal following the link below."
information to the site. The
criminals then use the personal a. Here's what happens: when you
information for their own click on the link listed, you are
purposes, or sell the information taken to a web page that looks
to other criminal parties." In exactly the same as the sign-in
specific terms, it may relate to page -- for example, you are sure
your eBay membership, PayPal you are at the eBay sign-in page.
account, bank account, credit You are asked for personal
card, or other account where you information, including ID and
need an ID, password and/or password, etc.
personal information.
3. How to protect yourself? You
2. Fraud on eBay can occur when need to know that eBay, PayPal or
you receive a phishing email that any other secure site will NEVER
ask for your personal, this Fraud Tip.
identifying information in an
email. What should you do? Delete Fraud Tip #3. Do Not Pay With
the email and tell yourself Western Union
you're not going to fall victim
to a phishing scam. • The chance of Fraud on eBay
has been reduced through eBay's
A high percentage of online and own internal policing of buyer
eBay fraud is eliminated simply payment options. If you are going
by understanding phishing and to pay for an item you purchase
knowing how to deal with it. on eBay - always use PayPal as
you are covered by PayPal's buyer
Fraud Tip #2. Only Buy From protection program.
Sellers With an Established
Feedback Score • Here is eBay's latest "Safe
Payments Policy:
• Love or hate eBay's feedback
system, but is has its purpose. "Permitted on eBay.com: Sellers
By doing your due diligence you may offer to accept PayPal,
can weed out potentially credit cards including
fraudulent eBay sellers simply by Mastercard/Visa /Amex/Discover,
reviewing their feedback score. debit cards and bank electronic
Pay particular attention to the payments online for eBay
last 90 days and be sure read all purchases. Sellers may also offer
the comments posted on the first to accept bank-to-bank transfers,
3 pages. A sellers feedback score often known as bank wire
will is increasingly important if transfers or bank cash transfers.
you are purchasing a high ticket Sellers may accept COD (cash on
item. Fraud on eBay can be delivery) or cash for in person
dramatically reduced by following transactions. Sellers may offer
to accept payment through methods and we do remove that
Certapay and Propay. Sellers may seller's listing."
offer to accept personal checks,
money orders, cashier's checks, eBay Fraud, which accounts for
certified checks and other only a small fraction of one
negotiable instruments. percent of all transactions can
be significantly be reduced by
Not permitted on eBay.com: your use of PayPal.
Sellers may not solicit buyers to
mail cash. Sellers may not ask Fraud Tip #4. Preventative
buyers to send cash through Measures - Tips For Your
instant cash transfer services Protection
(non-bank, point-to-point cash
transfers) such as Western Union • The IFCC (Internet Fraud
or Moneygram. Sellers may not ask Complaint Center) has an
buyers to pay with Stormpay. excellent website that includes a
Finally, sellers may not request tips page where you will read
payment through online payment about Internet Auction Fraud,
methods not specifically Non-Delivery of Merchandise,
permitted in this policy." Credit Card Fraud, Investment
Fraud, Nigerian Letter Scam, and
With regards to cash payments on Business Fraud.
eBay, "The U.S. Postal Service
tells us it's unsafe, and now In a perfect world, everyone
eBay is telling everyone that it would be honest and trustworthy,
is unsafe," said Matt Halprin, but, unfortunately, there are
eBay's global policy VP. "So if a those who will try to take
seller solicits or encourages advantage of others. The Internet
offers to accept cash, [they are] provides tremendous opportunity -
encouraging unsafe payment like anything else, use it
wisely.
About the Author:
Adam Ginsberg, international small business and online expert, speaker & trainer, has published the #1 best seller "How to Buy, Sell & Profit on eBay". Auction Sellers Tips here: Auction Sellers Tips Also: AdamGinsberg.com
Read more articles by: Adam Ginsberg
Article Source: www.iSnare.com
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