Prevention methods of E-auction
User Identify verification- eBay uses the services of Equifax to verify user identities for a $ 5 fee. Verified eBay User, a voluntary program, encourage users to supply eBay with information for online verification. By offering their Social Security number, driver‘s license number, and date of birth, user can qualify for the highest level of verification on eBay.
Authentication Service- Product authentication is a way of determining whether an item is genuine and described appropriately. Authentication is a very difficult to perform because it relies on the expertise of the authentication. Because of their training and experience, expert can often detect counterfeits based on subtle details. However, two expert authentications may have different opinion about the authenticity of the same item eBay has links to companies that provide this specialized service.
Feedback Forum-The eBay allows registered buyers and sellers to build up their online trading reputation. It provides users with the ability to comment on their experience with other individuals.
Physical Inspection-Providing for a physical inspection can eliminate many problems. This is especially true collector’s item. When the seller and buyer are in the same vicinity, it is easy to arrange for such inspection. EBay offers inspection services on a regional basis, so buyer can arrange for nearby inspection.
Escrow Service-For item valued at more than $200 or when either the buyer or seller feels the need for additional security. eBay recommend escrow service. With an easy –to-access link to third party escrow service, both partners in a deal are protected. The buyers mail the payment to the escrow service, which verifies the payment and alerts the seller when everything checks out. At the point, the seller ships the goods to the buyer. After an agreed-upon inspection period, the buyer notifies the service, which then sends a check to the seller, eBay , Yahoo! , and other large online auction sites provide their own escrow services. For the detail on how service work for auction, see aunction.yahoo.com and ftc.gov
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4 comments:
Many activities can be done using internet as the internet facility becoming more and more important in our life. At the same time, people trying to do illegal matter using internet as it hard to be detected. Therefore, steps should be taken by internet users while using the internet facility and extra attention should be given on all the illegal matter.
What can we do to prevent this fraud beside the prevention method that you mention? Can you explain more about the forum method?
thanks
beside the method which i have been mention, still have grading service, insurance policy, nonpayment punishment , apprasal service and others. for the forum method, because the forum we can sharing information instaneously, when ppl being treath or cheat by somebody, ppl will post the ppl who cheat them. this will let ppl alret to the ppl who like to cheat.
E-auction is becoming more and more famous e-activities online. Many things are sold through e-auction, example books, electronic item, clothes etc. People who like to take part in this type of event should have the enough knowledge about the e-auction and things needed to be highlighted during the whole process.
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