The Cons of Online Aution Sites Like Ebay

Ebay has over 120 million registered users and it canone gentleman who was selling a car on Ebay. Some
be a great place to make extra money by sellingNigerian won the auction and sent the seller a check
what you now longer need or even starting afor the amount of the auction plus a lot of money
business. My wife and I used to have 7 employeesextra. The Nigerian said the rest was to pay for
doing Ebay full time and we were making a net ofshipping and if the seller could please wire the balance
about $8,000 per week. But what about the buyers?back by Western Union. The check was counterfeit
They shop sites like Ebay hoping to find lower pricesand by the time the bank realized this it was too late.
on items that they are looking at buying any way. AThe seller had already wired several thousand to the
pair of pants that sells at American Eagle for $40 andbuyer via Western Union. He had deposited the
here it is ion Ebay for only $30. Is this a deal orcheck in his account and the bank gave him the
what? But wait, after you pay the $12 shipping youfunds right away. Now this man is in jail, owes the
are actually spending more.bank the money for the check, and his car was
Sites like Ebay are like a drug. People keep bidding onseized by the FBI because it was used in the act of
items going higher and higher in price because theya crime. This was this mans first time in jail and I
will do anything to win. People get in a frenzy and bythink he ended up spending a month there.
the time they have won the item they have paid aEbay would offer no help because they claim it is a
lot more then they could have gotten that sameliability issue. There are so many buyers and sellers
item for at a local store. Once in awhile this wouldout there and they all are potential victims. You
not be that bad but what about the people thatwould think that sites like Ebay, amazon,Yahoo, and
keep on repeating this? The cannot provide the basicthe others would issue a warning to their buyers and
necessities for their kids because most of theirsellers but they don't. My wife and I once got paid
money is being spent on these online auction sitesfor some computers with stolen checks. We did
like Ebay. Yahoo has auction, amazon auctions, Ubideverything that a responsible merchant would do like
the list just goes on and on.calling the bank they were drawn from and doing
People need to truly look only for deals. Maybe byeverything that we knew to do. I had to spend
looking for items with free shipping. I sold videoalmost a month in jail for this and jail is no place I
games that by the time somebody one the item andwish to have to go back to. We lost 3 years of our
you add shipping they were still paying less than theylives because of this plus we lost out business. This is
would have paid at the local game store. Bargains canhappening to millions of people worldwide.
be found you just have to look for them. Also lookIt should be a law that if you have a site like Ebay
at the sellers user rating and read what pastthat you need to protect your buyers and sellers but
customers have to say about them.unfortunately it is not. There are no second chances
Another area which can be very disastrous is all thewith an online auction site like Ebay. With sites like
scams that are on these online auction sites. I knowEbay you need to be careful if you are just a buyer.