McLamb Staal

There are several eBay scams out there to hold an eye out for when you are selling on eBay. This write-up will cover a handful of of the known and not so known scams to be conscious of. Whether youre a causal seller, or a expert seller on eBay, you need to have to know about these scams so that you can take measures to stop or recognize if its happening to you.

Bid Shielding

This scam is something you need to watch out for as a seller on eBay. Essentially the scam is run employing two separate eBay accounts. The scam works like this. You place your item up for auction. Lets say your item is worth $100 and you have no reserve. The 1st bidder (scammer) comes along and bids $five on your item. Proper right after that, yet another bidder working with the first bidder comes along and bids $200 on your item. Since your item is only worth $100, you acquire no far more bids for the duration of your auction. Proper before your auction ends, the 1st bidder backs out and cancels their bid, leaving the $5 bidder the winner, successfully shielding all other possible bidders because of the $200 bid.

Simply because of the prospective for this scam it is constantly very good to have a reserve on your auction. Also, I would place some sort of disclaimer on your auction stating that if you suspect bid shielding on your auction, you reserve the appropriate to back out of the sale. Its usually a excellent thought to keep an eye on your auctions and watch for this variety of behavior. If you suspect this is happening to you, be positive to report the parties involved to eBay proper away.

Wholesale List Scam

This scam takes advantage of the reality that many men and women dont pay close consideration or read the fine print on an auction. This scam is targeted at buyers who are hunting for deals on electronics and technological items on eBay. The wholesale list scam is basically an auction that looks like the seller is offering a wonderful deal on a item like an iPod for example. They might have a buy now price tag of $40 for an iPod that is worth $150. Nevertheless, if you in fact read the fine print on the auction, you will locate that you are not actually purchasing the iPod. In truth you are getting a wholesale list.

To stay away from this scam, just be sure that you read the complete specifics of the auction before generating a bid or a obtain. Generally, just use typical sense. If it looks as well good to be accurate