Nowadays, Auction does not neccessary to be held in an auction room or a hall. Due to advancement of technology, Auction can be conducted at your house, even in your bedroom. This refers to the "e-auction".
E-auction websites should have considered the followings in order to prevent e-auction fraud. Now, let's take a look on some of the tips preventing
e-auction fraud.
User identity verification
It is basically a program that encourages users to provide some information in order to be verified online. This information could be IC number or even date of birth.
Escrow services escrow.com
Escrow services could help to protect e-auction fraud as both sellers and buyers are protected with a recommended independent third party. Third party will hold the funds untill buyers received and inspect the items.
Feedback forum
Feedback forum allows the users to comment on their experiences with an individual. This could help to build the sellers' and buyers' online trading reputation.
Nonpayment punishment
Warnings and punishments such as suspensions from auction will be taken towards those buyers who commit the offense.
There are also some other protections could be taken place against e-auction fraud. The link below would provide you more tips on preventing e-auction fraud.
http://www.fraud.org/tips/internet/onlineauctions.htm
No comments:
Post a Comment