Saturday, March 29, 2014

Payment options for internet auctions to avoid fraud

There are several different options that can be used to pay for items being purchased via online auctions. The most popular being credit, debit, and money order. I would not personally recommend using money order at all to pay for something on an online auction site such as ebay or Ioffer.com. Paypal is also an excellent option when it comes to payment on online auction websites such as ebay. They offer protection to both the buyer and seller. Buyers have tried to scam me on ebay and sellers have tried to scam me on ebay and ioffer. However, on all occasions I was protected by paypal. So I always got my money back for the item I purchased within a weeks time frame. Paypal puts the funds on hold until the case gets resolved. That way the seller can not remove the funds from his or her paypal account. If the seller has already transferred the money to their bank account, paypal will contact the individuals back and have the funds withdrawn back to the sellers bank account. This way no fraudulent activity can occur. Paypal is quick, safe, and effective way to pay for items not only on auction sites such as ebay, but on various other online websites as well.



- Dorian

6 comments:

Unknown said...

Whenever I buy something from ebay.com, they always ask me to make a payment by paypal:"Do you have paypal account?". However, I always refuse it because I have many cards from many credit companies which I cannot not remember password and username (lol). Also I scare they charge me the annual fee and maintenance fee to keep it. That's why I have used my credit card for all transactions there. However, I will think over after reading your blog.

Hue Vu

Morgan Harris said...

I have always wondered what makes PayPal so secure, so this blog helped clear that up for me. I am curious as to what happened during the events that you said someone tried to scam you on ebay. While I love the prices on online shopping, sites like this do worry me a little. For example, I have found cheaper books online for class, but it would still be about $50 and I do not like risking that much money. Regarding your blog, I wonder if there is a sort of penalty that could occur when someone is caught trying to scam someone. This could provide security and deter people from committing fraud.

Morgan Harris said...
This comment has been removed by the author.
Morgan Harris said...
This comment has been removed by the author.
Anonymous said...

Morgan someone tried to scam me when I sold a book to them that they did not want to pay for. They tried to say there was gum on the book. Which was not true at all. Once ebay told them to send the book back, they did not. So the case was closed and I got to keep the money. On another occasion I bought an item from a seller with zero feedback. I felt uneasy about it and contacted the seller immediately to see if they were legit. They did not respond. So I waited a few days, still nothing. Then I decided to take out a claim after I realized they were a scammer. I got all my money back within a few days from paypal.

Fernanda said...

For some reason i feel kind of uncomfortable purchasing things online. Even though i know Ebay and Amazon are pretty safe sites i still don't completely trust them. PayPal i think i have used once, i try to stay away from giving away my information because i really don't know who is going to get a hold of it.

Maria Zendejas