An E-Auction is an electronic "reverse" auction where suppliers use internet-based software to bid against each other online and in real time against a published specification. E-Auctions can be based on price alone or can use transformational bidding to account for other criteria such as quality and delivery. E-Auctions are most often used in the final stages of the procurement where all "non-price" factors (e.g. quality evaluation and terms and conditions) have already been agreed.
Online frauds are by far the hardest to track and scammers rarely get caught. When a buyer files a dispute to Paypal, I usually find that Paypal works in favor of the buyer. There is little a seller can do sometimes.
Do you know that over 176,000 complaints were lodged in 2006 relating to Internet fraud; an increase of 16,000 over 2005? The two most common age groups reporting online fraud were 30 - 39 and 40 - 49 at 24% each. Statistics for 2007 are not out yet though.
To prevent consumer from fraud during the E-Auctions. Consumers must beware of:-
Online frauds are by far the hardest to track and scammers rarely get caught. When a buyer files a dispute to Paypal, I usually find that Paypal works in favor of the buyer. There is little a seller can do sometimes.Do you know that over 176,000 complaints were lodged in 2006 relating to Internet fraud; an increase of 16,000 over 2005? The two most common age groups reporting online fraud were 30 - 39 and 40 - 49 at 24% each. Statistics for 2007 are not out yet though.
To prevent consumer from fraud during the E-Auctions. Consumers must beware of:-
Fraud committed by sellers:
1. Shipping faulty items or parts and never acknowledge buyer about it.
2. Shill bidding on own accounts.
3. Dispatching items which are not as described.
4. Selling stolen goods.
5. Selling counterfeits or replicas.6. Receiving payments but not shipping items.
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Can i know more about advantsges and disadvantages of e-auction?
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