Online Auctions: How To Prevent Your Identity From Being Exposed

The internet has provided opportunities for many people to buy and sell without involving any costly middlemen. Businesses rely heavily on their online presence to attract and grow their customer base. Online auctions are one of the pioneers in setting the trend of online buying and purchasing. The industry has been a hit ever since the first online auction was made. However, your identity is at risk on such auction sites as many scammers and hackers are also a part of the business. For more info on safe and trusty online car auctions, go to https://www.crankyape.com/default.asp?pg=DisItems&Cat=11. If you want to know how to protect your identity, the following is for you.

1. Trusted Seller

If you are buying on the internet, then be sure to check the seller’s credibility. You can always visit consumer forums and websites to check their authenticity. Fake sellers are always after your bank details or want some percentage of the original quoted price as cash. Either way, you will be losing your money. Therefore, to avoid it, always buy from a trusted seller after reading other customer reviews.

2. Payment Method

This is one of the easiest methods to get your bank details. The scammer will set up a fake page identical to some trusted financial institute and then send it to the potential victim. If you are not careful enough, you might provide your credit card or other sensitive detail to the scammer. They can also set up a fake account with some bank and ask you to transfer the money there. The best way to avoid this scam is to call the bank directly and inquire about the said account. You can also check the fake webpage for errors; there are normally spelling, formatting, or graphics mistakes. If you spot such an error, then it’s probably a scam.

3. Accurate Information

Nearly all the genuine sellers only require relevant information. If someone asks you for extra information, be skeptical and do some research about them. There is a huge chance they are scammers and are looking to exploit your personal information. Therefore, if a seller is asking you about information other than your name, email id, or phone number, avoid them.

4. Price Comparison

If the price seems too good to be true, then compare it to other auction websites to get a better idea of the market. Usually, items listed lower than the market price are posted online. If you ever come across such a scenario, it’s better to ask for physical evidence of the product or some undeniable proof. If the seller fails to produce either one, avoid them.

5. Safe Shipping

If you doubt the seller, then insist on safe shipping methods. A trusted courier company will ask for your signature, making the purchase legitimate. If the seller allows it, then opt for cash on delivery method. Safe shipping or COD can save you from frauds, as scammers don’t want to complicate things for themselves.

Online auctions are a good way to find antiques and other valuable items. However, scammers are always ready to take their share of the pie. Keep your information safe by following the above tips.