Does eBay Profit from Fraud?
There are many fraudsters and conmen selling on eBay. does eBay care as long as it gets its fees? We suspect not! So, yes, we believe eBay profits from fraud, and does so knowingly. Fraudulent & Misleading Auctions It’s easy to find complaints about fraud on eBay. A quick search on Google for “ebay fraud” returned 6,350,000 results! Even if only half of these contain unique reports about fraud on eBay, that;s an awful lot of fraud! Worryingly, the first item listed was about an estimated $1 million fraud. Non Delivered or Non Existent Goods It seems that the most frauds, and the biggest areas of concern relate to auctions where the buyer has paid, but no goods arrive. From Wired.com: “It’s less than 0.01 percent, and we’ve seen that rate coming down recently,” said eBay spokesman Kevin Pursglove. He attributed the declining rate to increased consumer awareness of the possible hazards of auctions. Neither Amazon nor Yahoo returned calls for comment. The IFCC, too, said that less than 1
