iYogi Alerts about the large scale Internet Auction Fraud that has caused huge losses to online shoppers. Internet auction fraud entails 64% of all Internet frauds that are reported. Online auctions have been converted into a lucrative business. Internet auction fraud involves non-delivery, misrepresentation, fee stacking, multiple bidding, etc. You need to keep in mind many things before bidding for online auction. It is better to find out and understand about how the auction works, what your obligations are as a buyer, and what the seller’s obligations are before you bid. Do read the disclaimer of such websites and be more cautious if it is a new seller. Read more…
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