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Auction site WhaBam fights counterfeiters by buying their goods

  
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Auction site WhaBam fights counterfeiters by buying their goods
06-16-2006, 10:31 AM,
Post: #1
mandy Offline
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Auction site WhaBam fights counterfeiters by buying their goods
WhaBam, an auction site where last night a quick scan showed only 1 item out of 17,000+ had a bid, has come up with a novel way to fight counterfeiters on its site: it buys their goods.  Smile

Quote: Crooks increasingly are using online auction sites to sell stolen or counterfeit items, but one fledgling auction site is taking a straightforward approach to the problem. WhaBAM, which emerged from beta testing in March, has set aside a $25,000 fund to buy suspicious items off its site to protect customers from inadvertently buying fraudulent products...

WhaBAM also has set up a system that allows customers to report suspicious items posted on the site. If a customer purchases an item later found to be a fake, WhaBAM will reimburse the customer,...

full article: http://www.internetretailer.com/dailyNews.asp?id=18948
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06-18-2006, 06:38 PM,
Post: #2
bargainbloodhound Offline
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Re: Auction site WhaBam fights counterfeiters by buying their goods
My question is:  why would someone selling counterfeits even bother taking the time to list items on WhaBam?  There is only 1 item on the entire site with a bid (a $1 bid on a Triumph motorcycle).  Is a counterfeiter really going to spend hours listing with little chance of seeing any $$$?  Doubtful.  Smile
"Well, Jay was so giddy that someone named Jay was involved with this site we posted our first non-eBay listing in 3 years here at Lunarbid (we tried two items at Yahoo once upon a time, they bombed)" -Marie posting in a LunarBid thread at OTWA in 2005 wins the award for 'most moronic reason ever given for choosing a venue"

"thanks twat u must have nothing better 2 do. do u talk to all your members like that. will not be recomending your site.
best way to put it is TULIPTOOLS.COM IS REALLY SHIT. DONT JOIN." -pubescent owner of rinky dink off2auction.com in 2011
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