Things to take note to prevent e-auction fraud when a consumer participating in an e-auction

There are several antifraud measures can be used as the protection measures when consumer participating in an e-auction. An escrow service is one of the popular measures. Escrow.com

reduces the potential risk of fraud by acting as a trusted third that collects, holds, and sends a buyer's money to a seller according to instructions agreed on by both the buyer and seller. Typically, once the buyer receives and approves the item from the seller within an agreed time frame, the escrow service then sends the payment to the seller.

Escrow.com is the recommended transaction settlement service of many of the top names in e-Commerce, including eBay and eBay Motors. Escrow services are provided by a licensed and regulated escrow company. Government agencies perform regular audits of independently licensed escrow companies. The audit examinations serve to protect public funds, determine safety and soundness of operations and determine compliance with escrow statutes and regulations. It also governs under the Escrow Law.

Beside, the Feedback Forum is the place to learn about your trading partners, view their reputations, and express your opinions by leaving feedback on your transactions. Such member-to-member comments help the millions of buyers and sellers in the community build trust and share their trading experiences with others. Therefore, consumer may make their purchases decision base on the multiple feedbacks from buyers to a seller.

Authentication service is to determine whether an item is genuine based on an independent authenticator's physical inspection and described appropriately. It is a way of confirm the identity and evaluate the condition of an item. Third parties will evaluate and identify an item through a variety of means. For example, some collectors have their item “DNA tagged” for identification purpose. It provides a way of tracking an item if it charges ownership in future. There are companies that provide this specialized services, we should find the right type of expertise.

Review a local E-commerce Site

Blooming Florist began operations in 1981. Through the years, it has grown from a small retail shop to six retail outlets, and Blooming is also networked with 75,000 florists worldwide through its membership in Interflora Pacific Unit Limited. Their services and products include floral fresh cut flowers for all occasions, especial in Roses , Tulips, Gerberas, Lilies and Heliconias, and also have flower and fruits, fruit baskets, hampers, gifts, cakes and candies.

Through to visit the Blooming Florist site, we can identify what product them service for and all the picture had been decorate nicely and each product stated with a standard price. Beside that, the shopping card process is standard and it is convenience to consumers take order. However consumers can choose different option payment such as through online banking, mobile payment or credit card, in state it provide secure payment of verified by visa/master card. Futhermore, its also had provided the products search engine, customer service such as payment methods, delivery service, refund policy etc, information about Blooming Florist, etc.

Consumers not only order the purchase through network, but also Blooming Florist has provided “Live Support” service that will have operators to take your call and order. At the end, Blooming Florist had a “World Delivery, Satisfaction Guaranteed” services through internet to consumers. Importantly, all the transaction payment is in RM (Ringgit Malaysia).