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How to Safely Use Online Auction Sites?

“Despite all the efforts of art dealers, the number of Rembrandts existing at a given time is limited; yet such paintings are commonly disposed of by auction,” said Ronald Coase, a British economist and author. He was the Clifton R. Musser Professor of Economics at the University of Chicago Law School, where he arrived in 1964 and remained for the rest of his life. He received the Nobel Memorial Prize in Economic Sciences in 1991.

Online auction sites like eBay, online auction, OZtion, WeBidz, uBid, and others offer great opportunities to buy goods from local and international sources, both used and new, and you get all of this access whenever and wherever you want it. then. You can also sell new or used items in the same way on the same auction site.

Most people have valuable experience with online auction sites and just a few security tips, and you can experience positive and rewarding buying and selling while avoiding the tactics used by criminals to take advantage of users through these sites.

Here are some ways to use online auctions safely:

Familiarize yourself with the auction page:

Don’t think that the rules of a particular online auction site will be the same for others too. If the website offers a step-by-step guide to the bidding process, get it. This can save you from frustration and frustration later on.

Find out what protections auction sites offer buyers:

Some websites offer free insurance or warranties for items that are undelivered, non-genuine, or don’t match the seller’s description.

Know exactly what you are bidding on:

Read the seller’s description for the item or service, and if a photo has been posted, have a look. Read the fine print. Look for words like “repaired,” “closed,” “discontinued,” or “off-brand”—especially when buying a computer or electrical appliance—to get a better idea of ​​the condition of the item. Sometimes this information and other important terms are included in the contract, which you can find by following the hyperlink in the ad to the seller’s online shop.

Try to determine the relative value of an item before bidding:

Be skeptical if the price sounds too low to be realistic. Standard stores and price comparison sites can be great for reality checks.

Find out everything about the seller:

Avoid doing business with sellers you can’t identify with, especially those who are trying to lure you off the auction site with the promise of a better deal. Don’t just trust email. Some fake sellers have used fake email headers which make tracking difficult, if not impossible. Use the seller’s phone number as another contact option. Press the number to confirm it is correct.

Find out who pays for shipping and shipping:

Usually, the seller sets the shipping price and gives the buyer the option of fast shipping for an additional fee. If you are not sure about the shipping cost, please contact the seller before bidding.

Check the seller’s return policy:

Can you return the item for a full refund if you are not satisfied with it? If you ship back, do you have to pay shipping or restocking fees? Sometimes a return policy is included in the ad, but sometimes you may need to access it by following the hyperlink in the ad to the seller’s online store.

Email or call the seller if you have any questions:

Don’t make an offer until you get an accurate — and satisfactory — answer.

DealDash is one of the largest and the longest operating companies for online auction in the United States. DealDash was established on 22 Feb 2009 and has more than 5 million customers all across the world.

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