Please follow this checklist and you'll be ready to make a safe purchase.
Learn all you can about the item. Read the item description carefully. Do you understand all the details about postage, insurance, payment options? Don’t make assumptions ask about any details that aren't stated clearly in the descriptions.
Do some research regarding the item's value. Look at similar completed Cash Converters listings, visit online stores that sell similar items, ask friends, and determine what the item is worth in any other way you can think of.
Think of the maximum you're willing to pay for the item. Use the information you've gathered taking into consideration how much you want the item, how difficult it will be for you to find another one, how soon you need it and come up with the highest price you're willing to pay.
Contact the seller and ask about the price and the method of the payment. Avoid any seller that asks for cash, bank or wire transfer and especially any money transfer through agents like Western Union and MoneyGram.. Always try to use PayPal as it’s much secured way of payment.
It's always good to feel confident when it comes to buying and selling online. If you would like to have this feeling of satisfaction when performing this task, please read on.
After receiving payment via any method, you must authenticate the sending party to ensure that they authorize the transaction and they are whom they claim to be.
Ask for name, telephone, and address.
Use an online telephone directory such as 411.com and view their name and address. This information should match what you were provided with.
Call them, whether the information matches or not, this allows you to confirm the order. A lot of online fraud is caused by friends or family, so be sure to ask for the name that appears on the payment statement or invoice. Identify the nature of the transaction and explain that you want to make sure that this is theirs. They will say yes or no.
1. If they did not have a listing in the phone book, then you will want to verify their identity and whereabouts with another method. Although slow, you can simply send them a letter with a code in it and request them to email you the code. This confirms their living address.
2. Living address and ID can also be confirmed by receiving a scan of a driver's license.
3. You can send different forms of certified mail as well. The postal carrier will check ID and obtain a signature.
4. If you receive any email from the other party, do not delete it. If they attempt fraud, the email has hidden information that a computer savvy person can use to determine the whereabouts and identity of the sender.
5. If the other person has access to a trading format with feedback records such as eBay, you can request them to create a test page with several keywords you chose, and send you the URL.
6. For large transactions, it may make sense to use an escrow service. An escrow service is a middleman that holds the buyer's payment and does not give it to the seller until the buyer states that they are satisfied with their purchase.