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A Guide for Buyers and Sellers

By: admin, November 25, 2004  
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If you decide to enter the bidding, proceed with caution. Establish your top price and stick to it. 
Don't bid on an item you don't intend to buy. Remember that if you're the highest bidder, you are obligated to follow through with the transaction. Auction companies often bar "non- paying bidders" - those who back out of a deal - from future bidding. 
When bidding, take steps to protect your privacy. Don't give out personal identifying information like your Social Security number, driver's license number or bank account number. No seller should need it. 
Save all your transaction information. Print or make note of the seller's identification, the item description and the time, date and price you bid on the item. Print and save a copy of every e- mail you send or receive from the auction company or the seller.