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Online Auction Frauds: Features And Check-list on How to Avoid Them

online auction fraud

What Is Online Auction Fraud? Definition and Meaning

We would like to start our article by telling you a notion of this scam. Internet auction fraud requires plans concerning the simulation of a product promoted for sale through an Internet auction platform or the non-delivery of goods bought through an Internet auction website. Read the following article to understand what are the main features of online auction scams, how to avoid them, and to find support. The team of 123 ChargeBack is here to help you!

What Are The Key Features of Online Auction Scams?

online auction fraud

To understand these groups of scams much better you should know the most important characteristics of them.

Who Can Be a Victim of Internet Auction Scams?

The first thing you should know is that a victim of a scam can be the buyer of a fake product or a real seller that can be scammed by a fake buyer.

How Can People Get Scammed?

Online Auction Fraud occurred when a buyer is misled regarding the goods or services during communication at an online auction site. It can happen with a seller too. When he or she is not paid for his or her products and gets scammed by fraudulent schemes.

What Are the Types of Online Auction Fraud?

You can also distinguish types of scams according to a subject. So, let’s see how many phishing scamming schemes can be.

From the side of a seller it can be one of the following schemes:

  • You didn’t receive money from a customer;
  • You get asked to send the product in advance before getting paid;
  • Your customer has stolen your bank details;
  • The buyer gave you false escrow accounts and the money is returned to him or her after a transfer;
  • The customer requests you to deliver to another address than the one originally agreed on.

Online auction fraud examples from a side of buyer:

  • You have paid but your product never arrived;
  • It varies from the online information or photo;
  • The quality of goods is awful;
  • It is distinct from what you’ve bought;
  • You are required to pay for extra costs that were never displayed or discussed;
  • Instead of original products, you got purchased pirated goods or black market goods;
  • There was a lack of information about a product and your expectations are from reality.

The Check-list of Avoidance of Frauds Provided by FBI

online auction scams
  1. Look over the feedback and reviews about the products of the seller;
  2. Discover what activities the website executes if a dilemma happens;
  3. Don’t be shy by looking for various information about the seller, his rights and obligations;
  4. Find information as much as possible regarding how the auction operates, what your duties are as a buyer, and what the seller’s responsibilities are before you start trading;
  5. Make sure there are no unforeseen or hidden costs. For example, is shipping included in a final sum;
  6. There should be no mention or legal reason to give out your social security number or driver’s license number to the retailer;
  7. Purchase products online by applying for your credit card to have more guarantees and tools of protection by a bank service.

What to Do If You Got Scammed?

Proving online auction fraud is a prime target. Firstly, we recommend you to gather a list of evidence. Secondly, visit the special page of the Internet auction website where you got scammed. Read about the rules, terms, and conditions on how they are obliged to help you. Thirdly, ask for help from the support team of the site. Finally, you can make a report about this scamming scheme on the special page of 123 ChargeBack.

Also, you may contact your payment platform which you have used to make a transaction. For example, such online payment platforms as PayPal have a special mechanism for buyer protection. Moreover, you may use the support of your bank. In some cases, they can make a reverse transaction and help with making up a request to the police or any other specific state body of control.

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Author of article

Arthur Specter

Interests: accounting, literature, banking, jurisprudence

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