Stocks2bid.com will take every effort to keep this marketplace a safe place for the stock lot trading community.

Stocks2bid.com never sees, takes possession of, inspects, or authenticates any of the goods for sale. Therefore, you should follow the guidelines provided below and always apply the same common sense that you do in business.

Use of our guidelines and your common sense will help you trade safely

Trust & Safety

Stocks2bid.com fosters trust between members through the development and enforcement of rules and policies, the creation of reputation-building programs, and the prevention of fraud. To help the community trade safely and build trust with one another, Stocks2bid.com  offers the following tools, programs, and resources:

Feedback Score

Through positive, negative and neutral ratings and comments, Stocks2bid.com maintains Feedback Score for each member. This score will be displayed for each user in the item listing page.

Tips for Stocklot Bidders/Stocklot Buyers

Before bidding or buying

Before you bid or buy, make sure you’re comfortable with the listing and the seller.

Tip: If the seller offers to sell you the item directly without bidding on and winning the item on Stocks2Bid.Com, please don’t respond. Instead, report it to us immediately.

Get to know your Seller

In addition to reviewing a member’s Feedback it is important to learn even more about your seller so you can make informed choices about your purchases:

• View the sellers other items to assess the overall quality and type of items the seller trades.
• Ask the seller a question to learn more about them and the item. Ask questions about the quality and condition of the item, shipping costs and accepted methods of payment.
• Be wary of sellers who respond slowly or try to entice you to trade outside of Stocks2Bid.Com.

Before sending payment

If you are the winning bidder you automatically enter into a contract with the Seller and you are obligated to purchase and pay for the item.

• But at the same time learn what you can do to protect yourself before sending payment to your seller. Learn as much as you can about your seller.
• Contact the seller to arrange payment. If you have a problem communicating with the seller through email after you’ve won the item, you can request the seller’s contact information (including a phone number) by sending email to support@Stocks2Bid.Com.
• Use safe payment methods like Letter of Credit.
• Exercise caution with international transactions, as well as high-priced and popular items.
• Don’t pay with cash or with instant money transfer services, such as Western Union.
• Keep records of all purchases.

Resolving transaction problems

If you ever have a transaction problem, be sure to communicate with your seller. If you need assistance, Stocks2bid.com can help you resolve the problem.

Happy and safe trading!

Stocks2Bid.Com  provides a feedback system, trust & safety advice and openly available information and tools – it is important that you use all of this advice and the tools to make sensible trading choices. You need to use all of this information together.

• To be protected by Stocks2Bid.Com ‘s safety it is essential you always complete your transaction on the site – do not trade outside of Stocks2Bid.Com with people you meet at Stocks2Bid.Com.
• Be cautious of buyers who are not concerned with the cost, quality, delivery time of the product and don’t want to discuss more details about the product with you. Generally speaking, a serious buyer should be very concerned about such information.
• Use safe payment methods while transacting on Stocks2Bid.Com.

Only use secure payment methods to protect yourself, such as L/C payment or a third-party payment service or an escrow service. Be cautious of companies from countries which are often targeted by scammers. We have received reports of fraudulent buyers who are mainly from Nigeria, Benin, and other African countries.

Look out for Fraudulent Cheques or Money Orders. If you receive a cheque or money order for an amount that exceeds the successful bid, and the buyer asks that you wire the excess funds back to him or to a third party, do not wire the money. Instead, return the cheque to the buyer, and do not ship the merchandise.

Be careful if buyers insist on paying by credit cards because they might be using stolen or invalid credit cards. If you choose to accept credit cards, contact the company that has issued the card to verify that the name on the card matches both the shipping information and the contact information you’ve received.

Request payment for a sample or at least for Courier/shipping costs before you send out the sample. This will show how serious the buyer is in your product.

What to do if something goes wrong

You should first contact you’re the Buyer and try to resolve the problem. Most buyers and sellers are honest and reliable, and often the cause is a simple misunderstanding or lack of communication. Complete contact information including buyer’s phone numbers will be provided by sending email to support@Stocks2Bid.Com.

Protect your online accounts

• Select a secure password that is a combination of letters and numbers to protect your account information – never choose an obvious word such as ‘password’, your email address, your name, your family’s names or birth dates.
• If you receive a request to update your personal information and you do not feel comfortable about the source of the email, do not click on links in the email – simply open a new browser, type Stocks2Bid.Com, sign-in and use the Site Map to navigate the site.
• Watch out for “spoof” emails. A spoof email may appear as though it has come from a trusted company (including Stocks2Bid.Com) – if in doubt, do not click on links from such emails.
• Exercise caution if an email requests personal information such as credit card details or passwords. In the same way that you never tell anyone, even the bank teller, your PIN number, you should always protect your private information, including passwords.
• Regularly check your account and preferences to make sure there is no unauthorised activity.

Happy and safe trading!

This entry was posted on Tuesday, August 10th, 2010 at 6:13 am and is filed under Introduction. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.