subject: Online Auctions - Are They Credible Businesses? [print this page] Online Auctions - Are They Credible Businesses?
Are these business scams?
While there is always the possibility of an electronic form of commerce is a scam, the risks inherent in these acts auction is always present. Issues such as privacy, security and lack of direct contact with the seller / buyer is always present and when the transaction is an international system, the risks increase significantly. The best way to find a reliable, credible and sustainable platform for auctions is to evaluate each of the areas listed below carefully. The smaller reliable platforms will be weeded out fairly easily if you just do your job
How to test the reliability?
Here are some things you want to look for when evaluating some of the online auction sites on the Internet:
* The volume of traffic and the area
* The prominent posting of the policy of privacy that guarantees that the site will not sell any of your details, we will not spam, and will provide a secure connection every time you need to enter your credit card.
* The area should have clearly defined policies and procedures that occur several occasions.
* The site should provide some sort of rating system for both buyers and sellers so that they can identify sellers who have not lived up to their end of the Agreement.
* Look for clearly outlined fees and commissions. Most sites do not charge for bidders to participate outside of the bid amounts; However, for sellers, there is often a minimum fee for listing items. There could be even commission paid when an item sells. Collect information from different sites and compare them to get an idea of fees and rates involved.
* The area should have some support services for money transfers and services; PayPal for example. These are essential services that protect both the bid and the seller. They act as an intermediary, providing a more secure method for the buyer to pay for the product. The buyer pays the escrow service, a small service fee is deducted, is held in escrow and then sent along with the seller to complete the transaction after the buyer receives the goods in acceptable condition.
* There should be an international payment and shipping option as well. Online auction markets worldwide platforms. This may be a concern for the buyer and seller, if one or the other prefers not to participate in international sales.
