Retail/Auction Fraud

By: Robertson Dizon

Dogs are awesome!

Retail/Auction Fraud

How to avoid:

Make sure that you check any offers that you get very closely if they offering a ton of money for performing mundane tasks, you are probably getting scammed

How to Protect Yourself from Auction Fraud:

1)Start small, buying or selling small items, to get accustomed to how online auctions work.

2)Check out multiple auction sites: Most sites work in a similar fashion, but have different rules and policies regarding fraud, returns, insurance, etc.

3)Read the help sections and instructions, check a book out of the library on how to use eBay

4(Compare prices: One way to avoid getting ripped off is to shop around to get a feeling for how much something should cost.

5(Before you bid, contact the seller with any questions you have. Contact the seller anyway.

6)Review the seller's feedback and rating at the auction site.

7)Be cautious when dealing with individuals outside of your own country.•Ensure you understand refund, return, and warranty policies.

8)Determine the shipping charges before you buy.

9)Be wary if the seller only accepts wire transfers or cash.

10)If an escrow service is used, ensure it is legitimate. There are many fraudulent escrows.

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