By doing your homework and purchasing your holiday gifts only from sites that have a good reputation, you will have done a lot to avoid fraud. We have built our reputation on having a zero-tolerance fraud policy and working with law enforcement agencies to provide a completely safe online auction experience for consumers.
Mission Viejo, CA (Vocus) October 4, 2010
Online auctions have become a popular and lucrative online arena. Many people are getting entertainment value out of it as well. They are often still interested in seeing what is being offered, where the prices are at, and how much time may still be left on a particular item. For those that choose to buy, it is important that they take steps to ensure that they avoid the online auction fraud that does exist.
“Online auctions not only offer a moving inventory which is ever-changing, but also provide a good source of entertainment for many shoppers,” explains PJ Bellomo, chief executive officer for PropertyRoom.com. “You want to be able to cash in on great online deals, but you have to do it in a safe manner or your savings will end up costing you.”
On any given day, over 100 million auctions are listed on the Internet. And research shows that as many as 40 percent of consumers report that they have had problems with online auction purchases. Most of those cases involve the buyer paying for goods that they never receive. With the holidays just around the corner, and many people opting to do their shopping online, there will be many people who engage in fraud.
To minimize holiday shopping fraud risks with online auction purchases, keep the following tips in mind:
- Always make sure you understand how the auction site works before you place any bids.
- Before doing business at any auction site, investigate their reputation by doing some online searches. Trying Googling the company name and the word ‘fraud’ to see what comes up. Only do business with auction sites that have an established history of being reputable.
- Check individual sellers by looking at their reputation and feedback, and only do business with people who have a good established selling history.
- Avoid purchasing from people with addresses that are out of the country, and verify the contact info and phone number of the seller before making any purchases.
- Be cautious about giving out any personal information. Always avoid giving out your social security number and driver’s license number.
- Pay for purchases with a credit card, which will usually offer you more protection on purchases that end up being fraudulent; it also keeps your bank account information out of their hands.
“Often, if things seem too good to be true, they probably are,” adds Bellomo. “By doing your homework and purchasing your holiday gifts only from sites that have a good reputation, you will have done a lot to avoid fraud. We have built our reputation on having a zero-tolerance fraud policy and working with law enforcement agencies to provide a completely safe online auction experience for consumers.”
The PropertyRoom.com auction site provides consumers with an array of auctions to peruse, including everything from computers and electronics to a large collection of jewelry, and even tools. Working with over 2,000 law enforcement agencies, PropertyRoom.com, receives a fresh batch of merchandise each week to auction off. All items are tested, cleaned and appraised prior to being offered to the public.
PropertyRoom.com was founded in 1999 by Tom Lane, a former police detective. His mission was to help law enforcement agencies solve the problem of what to do with recovered goods. Today, the company works with over 2,000 law enforcement agencies across the country to auction off confiscated goods that could not be returned to their rightful owners. To learn more about PropertyRoom.com, visit the Web site at http://www.propertyroom.com.