Covering auctions, collectibles and marketplace selling.
The AuctionBytes Blog has been giving a voice to online merchants since its launch in 2005. Named one of the world's top 30 blogs in 2008 by "Blogging Heroes." Weigh in with your thoughts on the joys and pitfalls of selling online.
|Fri Oct 13 2006 00:41:11|
Ramifications of Online Auction Fraud
By: Ina Steiner
|Ramifications of Online Auction Fraud|
|Sat Nov 4 23:48:03 2006|
Wiring money is absolutely no good in online auctions regardless if it is regular auction like www.auctionbytes.com or reverse auction like www.oltiby.com . However, if you are familiar with the company and its products, and/or the company is very professional about warranty, return policy, shipping procedures, and if it offers all this information on their website, I believe that it is fine to do the wire transfer. If the seller is unknown to you, and you have no way of tracking who this really is - no wire transfers should be performed.
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