The rapid development and global utilization of new technology have not just brought revolutionary changes to our daily lives, but also provide a chance for the criminal to commit their illegal conduct. For instance, e-auction, a place where the buyers bid for the things thought the internet are often making used by the criminal to exploit their victims. To be a smart consumer, one should take note to prevent e-auction fraud such as bid shielding, shilling, fake photo and misleading descriptions.
Here are some of the tips:
1. Insurance Policy
Consumer can also consider the insurance policy provided by the e-auction sites to improve their confidence when bidding the item through internet. When anything goes wrong, there still have some money back.
2. Feedback forum
Feedback forum provide a place for the consumer to comment or share their experience with other users. By reviewing the forum, one will be able to know the reputation status or any news about the auction sites. Hence, buyers are advised not to bid with the partic
ular seller.
3. Escrow Services
Consumers are encouraged to subscribe an escrow service when bidding an item with value more than $200. Escrow services act as a trusted third party that helps to protect both the online buyer and seller from fraud. It collects the money from the buyer and holds it until the buyers receive the item. The seller will receive the money after the buyer inspect and satisfy with the condition of the item.
4. Term and condition
Consumers should always review the term and condition before bidding for the item through internet. They should check on the delivery date, warranty, shipping and handling fees to avoid any unexpected cost or problem. Additionally, they should also check the privacy policy to ensure their information is protected safely.
5. Verification System
Verification system is a way for the buyer to examine the identity and condition of the item. One should verify item before bidding to ensure it is not a fake item and no misleading description about the product. Therefore, buyer will get what he or she has bided in the internet.
6. Disclosure of personal data
Consumer should be caution when providing the personal data such as credit card number, account number or password. Consumers should double check the website or call the seller to ensure it is legitimate to give his or her information.
Here are some of the tips:
1. Insurance Policy
Consumer can also consider the insurance policy provided by the e-auction sites to improve their confidence when bidding the item through internet. When anything goes wrong, there still have some money back.
2. Feedback forum
Feedback forum provide a place for the consumer to comment or share their experience with other users. By reviewing the forum, one will be able to know the reputation status or any news about the auction sites. Hence, buyers are advised not to bid with the partic
ular seller.3. Escrow Services
Consumers are encouraged to subscribe an escrow service when bidding an item with value more than $200. Escrow services act as a trusted third party that helps to protect both the online buyer and seller from fraud. It collects the money from the buyer and holds it until the buyers receive the item. The seller will receive the money after the buyer inspect and satisfy with the condition of the item.
4. Term and condition
Consumers should always review the term and condition before bidding for the item through internet. They should check on the delivery date, warranty, shipping and handling fees to avoid any unexpected cost or problem. Additionally, they should also check the privacy policy to ensure their information is protected safely.
5. Verification System
Verification system is a way for the buyer to examine the identity and condition of the item. One should verify item before bidding to ensure it is not a fake item and no misleading description about the product. Therefore, buyer will get what he or she has bided in the internet.
6. Disclosure of personal data
Consumer should be caution when providing the personal data such as credit card number, account number or password. Consumers should double check the website or call the seller to ensure it is legitimate to give his or her information.
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