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Article: From The Attorney General's Office and the University of Washington Center for Law, Commerce & Technology -- Report Urges Care When Paying for Online Auction Purchases.
- Article from:
- Business Wire
- Article date:
- April 20, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors/Technology Writers
SEATTLE--(BUSINESS WIRE)--April 20, 2001
Successful online auction bidders who prefer to pay with cash may expose themselves to greater risks than if they had used credit cards to pay for their purchases, according to a new report from the Attorney General's Office and the University of Washington Center for Law, Commerce & Technology.
While credit cards are the safest way to pay for auction purchases, only a small number of online bidders -- perhaps as low as 17 percent -- use credit cards, the report said. Fear of credit card fraud or the sharing of personal financial information with third parties may be ...