"Shill Bidding" on EBay
Posted in the Binghamton Forum
#1 Apr 21, 2013
Does anyone know how to spot "Shill Bidding" on EBay? I think there might be a company there that's doing just that. I've been following this companies listings for a couple of weeks now, and they sure look shady to me. I read somewhere that EBay does not permit shill bidding.
Anyone know how to spot this nasty practice, and if so how to contact EBay about it?
“Words are words are words.”
Since: Mar 13
#2 Apr 21, 2013
Normally folks won't do that since it raises the sale price and then they are on the hook to pay EBay fees based on the fake sale i.e. they end up owing money instead of making it... and it is a lot easier for them to just get a feel for what people are willing to pay using a hidden reserve amount on a few auctions for the items...
That isn't to say it doesn't happen at times... and if it is then probably the easiest way to spot it is to look at the seller's auctions... and see if the seller is also buying a lot of items from their winning bidders... especially if it is the same items over and over...
If you are talking about bigger ticket items then look for auctions where a "buyer" has made bids in response to others to drive up the price... then if they get the winning bid - retract theirs so that the next highest bidder is on the hook for the artificially inflated price... and look for if that sort of occurrence is a regular happening for the seller's items...
If I were to guess - what you are probably seeing is folks using the EBay automatic bidding system... and / or external "sniper" programs to do automatic bidding... where that latter type will monitor the auction and wait until the last minute ( literally ) and then start placing bids up to a certain range to assure the person wins the item...
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