I’ve never taken part in an online auction, and to be honest, I had no idea how popular they are until recently. According to the National Consumers League (NCL), online auctions are wildly popular, and nearly one third of adults in the United States who go online have participated in them (which is about 35 million people).
It’s not really a stretch to think that with than many people waving digital bid signs around that some opportunistic scammers might want to grab a piece of that action.
The Online Auction May Seem Totally Legit, But There Are Red Flags To Look For
This is not to say that there aren’t completely legitimate online auctions that you can safely take part in, because there most certainly are good and reputable online auction sites.
But, according to the Rockford BBB’s Dennis Horton, the promise of a…