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Auction methods to prevent insolvent/unserious bidders
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<p>[QUOTE="Owle, post: 1395647, member: 22004"]I was wondering how auction companies prevent either insolvent or non-serious bidders from bidding on lots in their auctions? It is relatively easy to become a bidder on all the leading auction sites, many do not ask for social security, bank or credit card information or do checks on your credit history. How do they manage to prevent idiots and knuckleheads from making outrageous bids on their auction lots? Thanks.[/QUOTE]</p><p><br /></p>
[QUOTE="Owle, post: 1395647, member: 22004"]I was wondering how auction companies prevent either insolvent or non-serious bidders from bidding on lots in their auctions? It is relatively easy to become a bidder on all the leading auction sites, many do not ask for social security, bank or credit card information or do checks on your credit history. How do they manage to prevent idiots and knuckleheads from making outrageous bids on their auction lots? Thanks.[/QUOTE]
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