"eBay Marketplace Fraud: How To Fight It!" by Jason James
Did you realize that online auctions tops the National Consumer League's list of scams perpetrated online? Although the ebay marketplace has a wonderful track record of 99% honest transactions, you still need to be savvy to the sort of criminal activity that does happen within the ebay marketplace and stay clear of fraud from both an ebay seller and ebay buyers.
Below is a list of the top three offenses that happen within the ebay marketplace community.
1. Bid Shielding: This is when a pre-organized group of ebay bidders enter the ebay marketplace and team up to bid on a particular item, thus inflating the high bid to scare off real shoppers. At this point the lowest bidder (member of the scam) then has everyone else retract their bid and comes out winning the auction at at a dishonest low price. If you sense that bid shielding is going on within the ebay marketplace then report them immediately.
2. Descriptions are are totally misleading or photos that are obviously fake: This is an ebay marketplace sellers scam where the auctioneers falsely and unethically distort the description of the products they are selling. This criminal seller within the ebay marketplace will go as low as stealing photos from online and totally create a false product presentation. And when the buyer receives the shipment it is always a lesser classed product then was bought that does not match the auction.
3. Shilling of the Bids: This scam is perpetrated by the sellers of the ebay marketplace and is something that is hard to catch unless you were closely following the seller in question. Simply put, bid shilling is when a seller auctions off a product on the ebay marketplace and actually raises the bids himself in order to draw attention to it and have the price raised. How does one do this? They use multiple Ids or the enlist other separate bidders to enter the ebay marketplace and team up on the scam.
Yours in success,
Jason James
Consultant and eBay Power Seller
Founder, Auction Resource Network
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Jason James is originally from Boston, MA. and has spent time in the U.S. Marine Corps learning some of the discipline that is required for a successful home-based Internet marketing business.
Jason has built a long track record of success mastering eBay and building profitable membership websites.
His first Internet success was selling products on Internet auction site eBay, becoming a power seller then eventually putting together the website www.auctionresourcenetwork.com which detailed the exact steps a person can take to make money on eBay.
Jason's most recent venture is putting together a series of Online videos made by some of today's top Internet marketers to help budding entrepreneurs get trusted information to help their online businesses grow to phenomenal levels.
Jason has kindly allowed us to post one of his articles about how to be successful on E-bay each day for the next couple of months. Thanks Jason.