Auction Information

Dont Be A Victim Of Online Auction Fraud


The Internet Fraud Complaint Center (IFCC) reported that last year 7.7 million dollars was lost through online auction scams. The actual losses are much greater. Most auction scams are not reported because they involve only small amounts of money.

Most auction Web sites are aggressive at fighting fraud. eBay has a fraud investigation unit that has helped them hold down fraud to only .01% of its transactions. If you paid for an item and never received it, or if you received the item but it was less than what was described, eBay's Fraud Protection Program will reimburse you up to $200, minus a $25 processing charge. In order to qualify for Fraud Protection coverage, you must submit an Online Fraud Complaint with eBay after 30 days and before 60 days from the time the auction ended.

After making a purchase, buyers can leave feedback about their experience with the seller. Before you bid on an item, check the seller's feedback profile by clicking on the number next to the their User ID. There is also a feedback forum and discussion board.

Below are a few actions that you should take to protect yourself from Internet auction fraud.

  • For a high cost item use an escrow service.

  • Avoid sellers who request payment by electronic transfer.

  • Never provide your Social Security Number or Drivers License Number.

  • Verify the delivery data and the sellers return policy.

  • Review the online feedback on a seller.

  • If the seller is a business, check with the Better Business Bureau www.bbb.org.

  • Prefer sellers who accept credit card payments. When you use a credit card to pay for a purchase, federal law limits your liability for an unauthorized charge to $50. You can also request your credit card issuer to make a charge-back.

  • Be cautious about buying from a seller in another country. If you buy from a seller in another country, understand the difference in laws governing auctions between that country and the US.
If you become a victim of Internet auction fraud, you can submit a complaint report with an online form at the IFCC Web site www.ifccfbi.gov. The IFCC will review your complaint and refer it to the proper law enforcement agency.

Internet Auction fraud is a large and growing problem. Take the measures outlined above to prevent yourself from becoming a victim.

Copyright(C)2004 Bucaro TecHelp.

Permission is granted for the below article to forward, reprint, distribute, use for ezine, newsletter, website, offer as free bonus or part of a product for sale as long as no changes are made and the byline, copyright, and the resource box below is included.

About The Author

Stephen Bucaro

To learn how to maintain your computer and use it more effectively to design a Web site and make money on the Web visit bucarotechelp.com. To subscribe to Bucaro TecHelp Newsletter visit http://bucarotechelp.com/search/000800.asp


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Selected Western livestock auctions
Capital Press
Oregon. EUGENE. (Eugene Livestock Auction). Nov. 10. Head Count: 506. Comments: Feeders steady to slightly higher on vaccinated calves. High Dressers: 48.00-56.00. Low Dressers: 38.00-45.00. Top 10 Cows: 48.70. Top Bulls High Dressers: 56.00- ...



Wall Street Journal

Huge Hits and Big Flops at New York's Fall Art Auctions Send Mixed Signals About the Market
Wall Street Journal
The art market appears to be entering its Volatile Period. After a steady run-up in art prices, bidding started to fly and fracture in unpredictable patterns during New York's major fall auctions, which concluded Friday. From a $90.3 million David ...
How record-setting art auctions are ruining the old neighborhoodWashington Post
David Hockney painting auctions for record $90MYahoo News Canada (blog)

all 61 news articles »


ESPN

Car used by LeBron James as high school senior going to auction
ESPN
The car used by Los Angeles Lakers star LeBron James as a high school senior is headed to the auction block. The 2003 Hummer H2 will go up for auction by Goldin Auctions on Monday, and the car will be sold on Dec. 8. Goldin Auctions president Ken ...
Hummer that got LeBron James investigated in high school is up for auction ... againCBSSports.com
The Hummer that LeBron James drove in high school is up for auctionYahoo Sports
LeBron's High School Car Is Going to AuctionRealClearLife
Goldin Auctions
all 49 news articles »


Yale News

Bring home a piece of the Peabody; museum holding online auctions
Yale News
The Yale Peabody Museum of Natural History is preparing to undergo a comprehensive renovation. In preparation for that transformation, the museum will hold several online auctions of items it can no longer use. The auctions are online only and will ...



New Haven Register

Yale Peabody Museum holding online auctions of surplus items
New Haven Register
NEW HAVEN — Yale University's Peabody Museum of Natural History is holding several online auctions “of items it can no longer use” in advance of a comprehensive renovation that officials say will be “an amazing transformation,” according to a release.

and more »


CNN

A photo of Hitler posing with a girl of Jewish heritage auctions for $11520
CNN
Known as "the Führer's (leader's) child," Rosa Bernile Nienau became very close with Hitler after they met outside his house in 1933, Alexander Historical Auctions, which sold the photograph, said on its website. Nienau and her mother were in a crowd ...
Lot Detail - ADOLF HITLER INSCRIBES A PHOTO TO ROSA BERNILE NIENAU – A YOUNG JEWISH GIRL WHO ...Alexander Historical Auctions
Hitler's phone, 'the most destructive 'weapon' of all time,' sold for $243000CNN

all 18 news articles »


Livestock auctions
Cadillac News
Clare County Livestock Auction, LLC. Sale every Monday at 3 p.m.. Nov. 12 results: Choice colored steers, $95 to $104; choice colored heifers, $90 to $103; good colored steers and heifers, $80 to $100; choice Holstein steers, $68 to $90; heavy bulls ...



WHEC

Storage company accidentally auctions off wrong unit
WHEC
"Life Storage's auction guidelines are very precise and in accordance with all applicable laws," Piegza wrote in a statement. "Unfortunately, in this instance, the unit was auctioned in error. We promptly contacted the buyer of the sold unit who ...



CNBC

Bidding is on for the most expensive home ever to hit the auction block
CNBC
Real estate auctions, once used for foreclosures and distressed sellers, is moving upmarket. The number of multimillion-dollar homes being sold at auction has nearly doubled in the past year, according to real estate analysts and auction companies.



Forbes

Rare Stan Lee Collectibles Go Up For Auction Days After His Death
Forbes
A rare collection of works by comic book legend Stan Lee are going up for auction just days after his death. The items are part of the highly anticipated Icons & Idols: Hollywood event coordinated by Julien's Auctions, the world-record breaking auction ...
A Collection of Stan Lee's Works Hits AuctionBarron's

all 2,545 news articles »

Google News

home | site map
© 2006