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Microsoft bids for eBay developers
March 1, 2004
Many eBay members are stepping in to fight online auction fraud using tactics the company does not condone or appreciate.
The New York Times
The story "Vigilantes attack eBay fraud" published March 21, 2004 at 10:58 AM is no longer available on CNET News.
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This would reign in the fraud that is rampant at EBAY.
The only buyer protection method that protects the entire amount of the transaction is www.buysafe.com. This is a new company which literally underwrites bonds for each transaction guaranteeing the performance of the seller. The bonds are written by The Hartford, a full-service insurance company. There is no cost to the buyer, the seller must go through strict screenings beforehand and they pay 1% of each auction for the protection. If buyers demand this type of protection from sellers, the legitimate ones will have no problem, and customers would likely even pay a bit more on the auctions if they were assured to be legitimate.
In my opinion, this is a really great way to address fraud. This has been featured in NY Times and the Washington Post, CNET should do an article.
- Ebay fraud is rampant; company does little to resolve problems
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by
March 24, 2004 11:02 AM PST
- Ebay has errected barriers for keeping buyers from resolving problems with fraudulent buyers. I believe it is designed to protect profits, as ebay profits from each sale. I would love to provide email accounts of the fraud. When a buyer seeks to have restitution from sellers who either sell damaged goods or do not send items that are fully paid.
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(6 Comments)Two recent scammers, under the ebay IDs of, hugochurchlady and gvovshik, sold items that were high priced camera items. You can type in the names on the feedback forum and get reviews of sellers. Hugochurghlady, sold me (ebay id: hezabomer)a zoom lens for $610 w/shipping. The estimate to bring the lens up to the condition that the seller had described as in,"execellent conditon". Seller now says the lens was good when he shipped it, with caps on both ends. A gouge was so deep on the rear glass, you could feel it through a cleaning cloth.. The focus rings of the lens were sticking and dragging. I have copies of all emails sent to the seller for restitution. He rejected the demand; have been battling ebay and the seller for the cost of the repair. The needed repair is $240 worth of work.