Imagine a place where people can go to sell their stuff they don’t want anymore to people that actually do want it. You know the old saying, “what’s one person trash is another person’s treasure.” But I’m talking about a place where you can put those old clothes, or that autographed basketball from Michael Jordan up for millions and millions of people to see and bid on. I’m talking about a place where you can put these items up for all these people to see and you don’t even have to leave your home! Well stop imagining because their is a place of such opportunity, but where there’s opportunity to make money off of those things you no longer want, there’s also opportunity for a well planned scam to take place. As easy as it is to buy something from a seller on ebay, it is just as easy to give your money away without receiving anything in return.

Ebay is great marketplace to buy and sell products. It’s where a regular old joe can auction off items he wants to get rid. Or it can be a place where someone can start up their on store and sell off their products. It’s great for those people who want to start their on business and have some good suppliers because there is no need for business licenses and legal stuff or even a physical building for your business (unless you need somewhere to store your inventory). You don’t even have to worry about going through all that merchant stuff because paypal can take care of taking credit card payments for you.
Yea Ebay sounds like a great place to make a little or lot of extra money, but their are a lot of things you should know and watch out for if you plan to use Ebay.
(If you know how to use Ebay and are familiar with it you’re free to SKIP the next two paragraphs)
First I want to explain how you can use Ebay. Lets say I have a pair of jeans I would like to sell on Ebay. First I would take some digital pictures of my jeans to show how they look and the condition of them. Then I would head to Ebay to Sell My Item. Ebay has a wizard that would walk me through designing my post which will feature my jeans. This is where I can type a description of my jeans. This is also where I would upload the pictures I took of my jeans so potential bidders can see what they are bidding on. Ebay will allow me to set a Starting bid (if I want one, or else it would start at $0), Reserve price (which is the min price I would let my jeans sell for), and a Buy it Now price (which is self-explanatory). I can also choose how long I want the auction to run for (1 day, 3 days, 5 days, etc.). There is a spot for me to enter how much I will charge for shipping, and also a spot for me to explain a return policy. Ebay also has extra stuff I can add to my post to make it stand out, such as bold, outline, color, themes, etc. Now I wouldn’t go crazy with the extras because Ebay charges nice little fees for every little thing you do to your add. After I’m done editing my add, Ebay will tell me how much my insertion fees are and will inform me of how my Final Value Fee will be calculated. From then I would just watch my jeans in My Ebay and hope I get some bids.
Now lets look at how to buy something on Ebay. Let’s say I wanted to buy my son a Nintendo Wii for his birthday on Ebay. If would search for Nintendo Wii and see who all has them for sale. When I find one I’m interested in I would click on it to read about it. From their I could keep looking, Watch the Item, or Place a Bid on the item. If I decided I wanted to bid on the item I would just click Place a Bid and would would input the highest price I am willing to pay for the item (even though Ebay will only display a bid high enough to win the item within my max bid), confirm it, and boom. If someone outbids me, then I must decide how bad I want that Wii. Let’s say I won the Wii, I would need to pay for the Wii (usually through PayPal depending on what the Seller accepts) and then the Seller should ship out my Wii asap.
Now that I have gave a brief summary on how you can use Ebay to buy and sell, It’s time to go over what you need to know and watch out for on ebay.
One of the best tools that Ebay offers you for protection is the Feedback tool. You can actually see what other Ebay users have to say about someone you may be dealing with on Ebay. Let’s say you are bidding on a high priced item and you just don’t feel comfortable paying someone this much money before you even get to physically see the item in person. Well in this instance you could look at the seller’s feedback and see what others had to say about their experience purchasing from this seller. The higher the feedback score the better.
Now for some tips on how to watch out for those people that are just out to get your money, or item without paying up. I’m talking about Ebay scammers. These are people who either put up a fake post to sell you on something that you will never get, or win you auction and don’t pay up, instead they try to get you to send the item to an unverified Paypal address before they even pay you.
To protect yourself from the Fake Posters…
-Contact the seller
-Check feedback
-Look over the description of the item to see if it sounds ligit
-Check payment methods
It’s good to contact the seller to see if they will respond. That shows that it is a real person selling the item and not a robot generated post designed by a scammer. Usually a fake poster will not have any feedback, but that doesn’t always mean they’re a scammer, this could just be their first time selling, it just means to beware. I wouldn’t buy a high priced item from someone with 0 or negative feedback. Also they may have very good feedback, but it could all be in another language, I wouldn’t trust this either. You should only buy from someone who speaks the same language as you so you can communicate with them. Also pay attention to their location. It’s much safer to buy from the location you are located in. For example, if you live in the US, I would’t recommend you buy something from someone located in Nigeria. It’s also a good idea to look over the description to see if the person actually put some effort into describing the item. A scammer probably wouldn’t put much in the description because they probably don’t even have the item to begin with. Also should notice what payment methods they accept. Scammers usually aren’t Paypal verified (but they can be sometimes) so they may say they take credit cards, checks, or money orders to get you to send them the money without going through Paypal. Scammers love Western Union and moneygrams because they’re instant and virtually untraceable.
To protect yourself from the Winner Scammers…
-Watch your auction closely
-Never send your item to an address other than their Paypal address
-Never make arrangements to sell the item outside of Ebay
-DO NOT SEND YOU ITEM OUT UNTIL THE MONEY HAS HIT YOU PAYPAL ACCOUNT!!!
When you are typing up the description of your item, make sure to put your “Terms and Conditions” in the description. What I mean is tell what your limits are as far as shipping, bidding, and any and everything you want to let people know, put it in there. When your auctions is getting down to the nitty gritty, watch it closely. (I always cancel and block bids from people with 0 or negative feedback unless they contacted me as per stated in my “Terms and Conditions”) While you are editing your post Ebay allows you to choose an option that will block all bidders with negative feedback, it’s a great idea to turn this on. While people are bidding on your items check on their feedback to see how it looks. You are in control of your auction so you have the right to cancel and block bids that look suspicious. Let’s say someone wins your auctions and you get a response from them saying not to send your item to their paypal address, they want you to send it to an address in Nigeria (and you live in the US). I bet you when you get an e-mail like this they haven’t paid you yet and they are not going to. Even if you have gotten an e-mail stating that “You’ve Got Funds in Your Paypal Account” don’t send your item yet. ALWAYS physically log into your Paypal account and see if you have been paid yet. A lot of scammers on Ebay have started sending “fake” Paypal e-mails that say that the money has been transferred to your Paypal, or the money has been processed but will not show in your Paypal until they have a valid tracking #. It’s all Bull, don’t fall for it. Never process a shipment until you have been paid, period. A great way to spot fake Paypal e-mails is to look at the sender of the e-mail. If it comes from a domain that’s not Paypal, then it’s probably fake.