Scams - Auctions
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While auction sites are the best hunting ground for sale and purchase items they are the prone places of becoming a victim of Internet fraud as well. It constitutes a large percentage figuring up to 71% of the total fraud web operating in the Internet market. The most common occurrence is that while you win the auction you cannot get the item and besides that, the auction site is unable to help you in recovering the lost money.
The best way to make a healthy transaction is by checking the status of the seller, see to it if deals made are successful, and the buyer’s response is satisfactory. The prospect of online business is on the rise with innumerable items available for sale all the time. A large multitude is dependent on it earning their livelihood from it. The cause of its massive growth is that individuals find it convenient to get items from the whole world without any hassle. On the other hand, scammers play upon the eagerness of people and give them an incredible and unexpected shock.
Many types of tricks have been devised to rip you off your money. Sometimes the merchant takes the money from you but does not deliver the item and thus leaves you helpless and with a lighter wallet. At other times, the buyer may even pay you with a fake money order, stolen credit card or bounced check. The third measure resorts to inflating the price of an item by showing fake bids made through phony user IDs. Some sellers illegally sell the stolen goods through auction.
Individuals having a liking for antiques and collectibles often fall a prey to scams operating under the tag of online auctions. You have to be cautious about your dealing, as many online auction houses do not object to a deal if the merchandise exists or is described accurately. You have to make sure the buyer or seller with whom you are dealing is an honest one with satisfactory record of accomplishment.
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