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Shopping :: #2094
By KaBid! Online Auctions from Wilmington, NC USA.
Choose your auction payment methods carefully
When shopping online at auction sites, remember to choose carefully which payment methods to use....before you bid. Online auctions have become one of the fastest growing internet businesses to date. But with this explosive growth, and widespread popularity we also see a great deal of fraud. Protect yourself by avoiding sellers that only allow wire transfers and money orders for "big-ticket" items. These payment methods do not allow you any means of refund, should the seller not follow through with the sale. By utilizing a trustworthy payment processor, like PayPal (an ebay company) you leave yourself an open door to refund, if need be. But, always read the fine print. Even these methods are looking to limit the amounts of refund. The very best way to guarantee your safe auction purchase is to use a trusted Escrow Service. Escrow Services are "middle-men companies that will hold your funds from the seller until you give the OK that the item is as described. Then, and only then, will they forward your money to the seller, completing the transaction. There is a small fee for this, and a seller should not mind agreeing to their use....if they're confident in the item being sold. Escrow is typically used on transactions over $400.00. For amounts lower than that, you'll just have to rely on the seller's feedback rating and your good judgement.
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