Disadvantages of online auctioning
There are also a number of disadvantages related to this service. These include:
There are also a number of disadvantages related to this service. These include:
- Sometimes the process of taking part in auctions becomes unfair due to shill bidding. This is when the seller asks a group of people they know to start of the bidding on their item, ultimately making it look more popular, and increasing its price by doing so. This is unfair because it results in the winner of the auction having to pay more for the product than they should have.
- Items that are listed are not always in the condition stated, for example, customers could end up paying full price for a non-working product.
- Stolen items could be sold as new products to unaware customers, overall which causes a lot of confusion.
- Not all sellers on online auctions allow for returns, so if a product isn’t as described or not what the customer wants, they are forced to keep it in many cases.
- Secure methods of payment, such as PayPal, are not always accepted by some auction sites/sellers, so there is always a chance that important details (such as credit card details) are stolen.