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Winning the War on eBay Deadbeats
Imagine buying vintage Spiderman comics for $16,000 and receiving instead, a box of printer paper or losing a whopping $27,000 in purchasing a big rig that didn’t exist in the first place.
These are just many of the online auction fraud horror stories that brothers Edward and Steve Klink compiled from their eBay watchdog Web site eBayersThatSuck.com (E.T.S.).
In their book “Dawn of the eBay Deadbeats,” some 70 strange-but-true stories were collected and retold with the help of illustrator Clay Butler.
The December 2005 publishing of the book comes just in time as the online auction giant has been criticized by consumer groups, most recently by the U.K. magazine “Computing Which?” for its passive and sometimes delayed approach in handling fraud reports.
At any given time, the site has 78 million listings, and 6 million new listings are added each day.
And while, eBay maintains that less than .01 percent of all listings end in a confirmed case of fraud, that could mean that of the 1.9 billion listings reported by eBay in 2005, that 190,000 cases were confirmed frauds in the last year.
Currently there are almost 900 horror stories from eBay fraud victims are on the E.T.S. site whose motto is “Winning the war on deadbeats.”
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