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January 11, 2005
eBay Auction Site Safer With Bonded Sellers
It's not exactly a hot new flash that the eBay auction site has its share of dishonest sellers – and bidders. It's easier for buyers to protect themselves simply because they don't send the goodies until they've received payment. And yes, there are stolen credit cards and other kinds of fraud that are perpetrated on sellers. But prudent merchants are safer than the poor buyer who might be left hanging out there, “twisting in the wind”.
What can seller do to overcome the suspicion of cynical and untrusting buyers? One way is to become a bonded seller. One of the most popular bonding agencies online is BuySafe, who recently reached an agreement with Liberty Mutual to provide funding for their program.
eBay sellers can apply for a surety bond and can use the BuySafe seal on their listings. In return, they pay 1% of each purchase to the bonding company. The buyer is protected up to $25,000.
Dennis Perler, president of Liberty Mutual Surety, claimed “This is an inexpensive
way to experience worry-free shopping online."
Posted by SydneyJohnston at January 11, 2005 1:38 PM
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