An auction is a process of buying and selling goodss or services by offering them up for , takes bid ang then selling the items to the winning bidder. its characterized by the competitive and dynamic nature by which the final price is reached.Electronic-auctions(e-auction) are the auctions which conducted online.
There are many type of fraud such as selling reproductions goods as original , high shipping costs and handling fees and failure to ship merchandise through an e-auction. In order to prevent the fraud happend, here are some prevention methods to help you minimize the fraud.
There are many type of fraud such as selling reproductions goods as original , high shipping costs and handling fees and failure to ship merchandise through an e-auction. In order to prevent the fraud happend, here are some prevention methods to help you minimize the fraud.
- By user identify verification to qulified users for a highest level of verfication.By offering them ID number, driver's license number and date of birth. User must key in a strong password in order to prevent others that easily to get your information.
- Get a detail information such as a history and background of the seller before you start to bid the goods through the e-auction. Must check the performance of the seller, make sure it have trustworthiness and reliability.
- Through a feedback forum that allows you to place any comments and problems occur and allows the buyers and sellers to build up their online trading reputation. It provide users with the ability to comment on their experience to other individuals.
- Any warranty and exchange policies or any claim provide for them, if there is any loss and damage on the items purchased in order to avoid the fraud happen.
- Before you bid the goods, you must read the term and conditions as a buyers or sellers. Understand the obligation and how the e-auction work.
- One way to confirm the identity and evaluateof an condition of an items through verification. with verification, it will identify and evaluate an items through a variety of means such as DNA.
- Grading system is a way of determining the physical condition of an items whether it is "poor quality" or "mint condition". Through the grading process, help you determine the conditions of the item and did not by the seller or other parties.
- Use escrow services are neccessary for the buyer or sellers in oder to protect them. An example of provider online escrow service is tradenable.com
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