(PRWEB) September 22, 2005
Last year, U.S. Government consumer agencies documented over one million cases of online fraud, totaling more than $100 million. Most experts agree that the actual number of fraud cases is significantly higher than the documented number because most users do not report online fraud.
Thanks to one successful website, online fraud is no longer a Âproblem without a solution.Â ClassifiedBuyers' multiple levels of protection eliminate the belief that online fraud is an acceptable risk of shopping over the Internet.
ÂOnline fraud may be rampant on other classified and auction sites, but it's nonexistent on ClassifiedBuyers,Â said Casey Cosgrove, C.O.O. of ClassifiedBuyers. ÂPayControlÂ, our patent-pending payment system, offers complete peace-of-mind for both buyers and sellers.Â
ClassifiedBuyers ultra-secure system starts working at the moment of registration, flagging suspicious information, and filtering out potential fraudsters before they get a chance to find a victim. The automated system is backed-up by the ClassifiedBuyers online fraud prevention team, which adheres to a strict zero-tolerance fraud policy.
Online fraud protection continues throughout the purchase, securing the buyer's funds and notifying the seller that it is safe to ship. Once the sale is approved, the funds are deposited directly into the seller's bank account, completing the transaction. Through PayControl, ClassifiedBuyers has created a secure, balanced system that eliminates payment fraud, misrepresentation of goods, and a variety of scams common to other online sites.
ClassifiedBuyers is a new online fraud-free marketplace where buyers and sellers can post free want and sell ads. Transactions are secured by ClassifiedBuyers' patent-pending payment and self-escrow system that protects both buyer and seller during the transaction. These services are provided for one low transaction fee to the seller, and are based solely on performance. If an item does not sell, the seller does not pay. ClassifiedBuyers: the only fraud-free online marketplace.
To view a recent news release: http://www.mycbmedia.com/video/kcal/cbkcal.html