On-line Auctions

Issues...

Whilst on-line auctions provide a useful service in the market (and a bit of fun) they are not without risks and issues.

Issue Explanation Attempted Solution

Non Delivery Providers will not guarantee delivery by vendors Some sites rate vendors

Non Payment Providers will not guarantee payment by purchasers Rating of regular purchasers

Security According to "Internet Fraud Watch 2000": Auctions Accounted for 87% internet frauds in 1999

Insurance

third party security services

work with fraud agencies

Localisation Shipping and logistics issues add to the cost of items A number of "locally" based sites operate for a specific geographic region

Illegal Items There is no validation of whether sale items are stolen or illegal Close working relationship with authorities and fraud agencies

Issue	Explanation	Attempted Solution
Non Delivery	Providers will not guarantee delivery by vendors	Some sites rate vendors
Non Payment	Providers will not guarantee payment by purchasers	Rating of regular purchasers
Security	According to "Internet Fraud Watch 2000": Auctions Accounted for 87% internet frauds in 1999	Insurance third party security services work with fraud agencies
Localisation	Shipping and logistics issues add to the cost of items	A number of "locally" based sites operate for a specific geographic region
Illegal Items	There is no validation of whether sale items are stolen or illegal	Close working relationship with authorities and fraud agencies

Check out Some really cool Auction Sites.

Disclaimer: This page has been prepared by Glenn Campbell as part of an assignment for MGSM Post Graduate Certificate in E-Commerce. Please email any enquiries to Sue Halmagyi: sueh@ics.mq.edu.au