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- 5 Mistakes Ebay Members Make
5 Mistakes Ebay Members Make
- By Kanwaljit Singh
- Published Thursday 12th 2008
- Small Business , Business
- Unrated
If you do not know how to identify fraudulent auctions
then you will be a victim. The only question is when.
Over 44% of all Internet fraud complaints are about auctions according to the
FBI's joint Internet crime center. What is even worse is that according to
Michael Ford, President of Elite Minds and eBay safety expert, "…almost
every one of these complaints could have been avoided. Yes, I am saying that
almost every fraudulent eBay auction can be avoided."
The biggest problem new members on eBay face is a lack of information. They are
able to join and be scammed in under 20 minutes without realizing it. New
members do not know how the system works and professional criminals take
advantage of this by leading them into well planned con games where the new
member loses their money and possibly becomes a victim of identity theft.
New members should never:
1. Pay by a means that does not have buyer protection.
2. Focus on a great bargain while losing touch with reality.
3. Click links or run Trojan programs sent by email.
4. Bid without knowing how to check a seller's history
5. Join eBay and immediately try to buy or sell anything.
New members frequently do not have a PayPal account to make payments and they
may actually prefer to deal with someone who requests payment by check or money
order because those are payment methods they understand. PayPal and Credit
Cards give the most buyer protection. Scammers often request payments by
New members join eBay and find a great deal on something they want. Then they
are afraid of losing that great bargain. The fear of loss takes over and they
will do foolish things that they would never normally do to avoid losing their
perceived bargain. Criminals often sell items just to obtain information from
buyers. The crooks offer items they may not even have and then use the auction
as an excuse to collect information from the buyer including name, address,
credit card number, and even social security number. You should never have to
give any information to a seller other than your name and address so they can
ship your goods.
If it sounds too good to be true, it is. Criminals often list popular items
like vehicles, electronics, and laptops at too-good-to-be-true prices hoping to
snare new members who do not know better. Never focus on a good deal ahead of
good judgment.
Crooks prey on fear and confusion. They will send fake email messages claiming
your eBay or PayPal account has been compromised or there is some other problem
and you must click a link to login. The link then takes the unwary member to a
spoof or look-alike website that looks like eBay or PayPal but was actually
setup by the crook. When the member enters their password, the crook then logs
into their account to abuse it. Scammers will also send programs containing
Trojan software which they claim is a form that must be filled out before the
order is shipped. When the buyer runs the software, the criminal can take
remote control of their computer and use it to send spam or steal the person's
password.
Neither new members or experienced members, should ever click any link in any
email no matter where the email appears to be from.
Free software can prevent account hijacking. There is a free toolbar at
MyLittleMole.com which will alert you if you are tricked into going to a
look-alike eBay, PayPal, banking, or most other websites. It will also warn you
if you go to any of thousands of known fraud or spam websites. If every eBay
member used this software, account hijacking would be a thing of the past.
New buyers do not understand what the feedback numbers mean. Even experienced
members rarely know how to truly read feedback and assume that a positive
feedback rating is good. It is often not good. The Auction Inquisitor Auction
Analysis software from AuctionInquisitor.com will analyze auctions and seller
feedback to report common signs of fraud in an auction. This software allows
eBay members to spot fraudulent auctions before they bid.
By far, the biggest problem new members face is immediately trying to buy or
sell. They act before they understand how bids work or how payments are made.
New users and even users who believe they are experienced need more education
than they have in order to trade safely on eBay.
It is possible to buy and sell safely on eBay but only if you know how scams
work so you can avoid them.
You can find more information on how to avoid scams on eBay at
Auction-Safety.org
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