Nowadays, there are many people buying and selling products or services through the internet. But, the fraud occurring today became the big problem for the people who doing the transactions. eBay which is the largest Internet auctioneer in the world. It has introduced several measures in an effort to reduce fraud.1. Auction Inquisitor Software. Auction Inquisitor Software can quickly and easily analyze an auction before you risk your money. You are require to drag your auction URL into the Auction Inquisitor window, or type the auction number, and then Auction Inquisitor will automatically analyze the auction and show a report on the seller's legality. Auction Inquisitor checks the most common signs of fraudulent auctions, seller feedback history, and over 100 elements that can indicate a fraudulent auction. Auction Inquisitor is much faster and easier than researching yourself plus it never forgets to check the first or the last feedback ratings of a seller.
2. Feedback Forum. The eBay Feedback Forum allows registered buyers and sellers to build up their online trading reputations. It provides users with the ability to comment on their experiences with other individuals.
3. Nonpayment punishment. eBay implemented a policy against those who do not honor their winning bids. To help protect sellers, first-time nonpayment results in a friendly warning. A sterner warning is issued for a second-time offense, a 30-day suspension for a third offense, and indefinite suspension for a fourth offense.
4. Authentication service. Product authentication is a way of determining whether an item is genuine and described appropriately. Authentication is very difficult to perform because it relies on the expertise of the authenticators. Because of their training and experience, experts can (for a fee) often detect counterfeits based on subtle details. However, two expert authenticators may have different opinions about the authenticity of the same item.
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