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Title: How To Recognize Ebay Scams
Author: Dexter Stoakley
Article:
Shopping and selling on eBay can be one of the most rewarding
experiences on the Internet. However you need to be careful of
scam artists who will try to take advantage of you through
various types of fraud. If you do get scammed on eBay there are
ways you can get your money back. However, it is very difficult
to ever catch the fraud artist and it is a lot simpler if you
can recognize and avoid frauds from the beginning.
One of the scams that are very common today is fake e-mails that
appear to originate from eBay or PayPal or even your bank. Keep
in mind that anybody can spoof any e-mail address and send an
e-mail that appears to be from somebody else. It is even
possible to spoof an e-mail coming from the president of the
United States. So when you see any e-mail in your inbox that
comes from eBay or PayPal and asks you to log in to confirm your
password the chances are that this is a scam. E-mails that you
receive of this type will have eBay letterheads or PayPal
letterheads and will direct you to a link that appears to be
eBay or PayPal. However, if you look closely at the bottom of
your browser you'll generally see that the domain these links
point to is not actually an eBay or PayPal domain. It just looks
like eBay's web site, but it is actually a scam site asking you
to confirm your password. Once you put in your username and
password the fraud artist has it. One of the more popular
tactics being used right now is to send a fake payment
notification from PayPal suggesting that you have paid for
something which you did not buy. The e-mail and includes a link
right in the center that says "dispute this charge", and once
you click on that link you are taken to a page that looks like
PayPal but is actually a fraudulent web site designed to get you
to enter your username and password.
One of the easiest ways to protect yourself on eBay is to use
PayPal for all transactions. PayPal is a wholly-owned subsidiary
of eBay, and so transactions that are paid for via PayPal can be
easily disputed. Since it is in eBay's interest to maintain a
secure shopping environment they are generally very quick to
resolve disputes that originate by PayPal. If you buy an item
and are not satisfied with it and feel like the seller did not
deliver what he promised, it is far easier to dispute that
transaction fee with PayPal because eBay can reverse the funds
themselves. If you purchased by money order or credit card or
some other payment method, eBay does not have the opportunity to
reverse charges without going through a third-party.
Whether you are buying or selling items is a good idea to stick
with PayPal. If you are selling items it is a good idea to only
except PayPal as a payment option. The last thing you need is to
get a bad check, or have your buyer dispute his credit card
charge. If you have fulfilled your end of the seller's bargain,
then all you'll need to do is prove that to PayPal and eBay
without involving a third-party. Generally speaking, if a buyer
is unhappy with a product that you sold and does not consider
the product to be in the condition advertised, then you should
demand that the product be returned before you issue a refund.
In order to sell on eBay effectively you need to learn how to
use reserve pricing. One of the most common schemes on eBay is
for someone using multiple accounts to place a low bid and a
high bid simultaneously under different aliases. This ties up
your auction at the high bid price and allows of the fraud to be
carried out when the high bid buyer declines to pay and you are
confronted with a low second bid. This scam is effective because
the seller feels obligated to sell the item to the
second-highest bidder once the auction has fallen through with
the top bidder. Placing a reserve is essential to avoid this
kind of scam so be sure to set a reserve price at the point
where you would not sell the product for any less.
It is worthwhile to note right on your auction page that you
reserve the right to back out of selling an item if you suspect
fraud. While it is easy to get scammed as a buyer it is even
easier to get scammed as a seller. Sellers generally have more
experience and can recognize these scams, but you should be
aware of the pitfalls of selling upfront before you start
selling items on eBay.
EBay is a very safe and secure way to shop if you use it wisely
and remain aware of how fraud occurs. It is important to always
report suspicious activity directly to the eBay or PayPal. Since
they have a vested interest in assuring that reliable
transactions occur without fraud you can be sure that they will
do their best to prevent illegal fraudulent activity.
About the author:
Dexter Stoakley maintains a website designed to help eBay buyers
and sellers. The site strives to be a community for people
interested in eBay businesses, and looking for the best <a
href="http://auctionsuccessonline.com">auction bargains
online</a>.
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