eBay must face facts about fraud
Published April 8th, 2006
eBay claims to take fraud extremely seriously and points out that less than 0.01 percent of all listings on its site result in a confirmed case of fraud. This seems very admirable until you consider the sheer scale of eBay’s operation. The company claims to have millions of products listed on its site on any one day. If just one million of these auctions finish in any one day, then at the very least there are around 100 confirmed cases of fraud every 24 hours – remember, that’s not including the unconfirmed cases.
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