Last year, U.S. Government consumer agencies documented over one million cases of Internet fraud, totaling more than $100 million. In response to these security issues, ClassifiedBuyers.com has developed the patent-pending process PayControl™, which integrates escrow and payment security directly into the transaction process to provide equal Internet fraud protection to both buyers and sellers. This allows the most risk-averse customer to shop for the best deal with complete Internet fraud protection.
ClassifiedBuyers.com, an online resource for buying and selling merchandise online without the use of auctions, has developed PayControl, a patent-pending process that includes escrow and payment security directly into the payment process, granting both the buyer and seller Internet fraud protection.
Last year there were over one million reported cases of Internet fraud, but the actual number on incidents is very likely to be much higher because most victims never bother to file a report," said David Humphrey, President of ClassifiedBuyers.com. "Internet fraud is also disturbingly easy to accomplish because of the overt anonymity of the web – its hard to catch the thief if you dont know who he is or where he lives. The increasing risk associated with auction buying and payment processing could no longer be ignored, so we created a safer, free alternative."
Popular online auction websites like Ebay and Craigslist cannot offer Internet fraud protection to their users because all their transactions happen outside of the site. The only protections available to users on open sites such as these are third party payment processing and escrow security services such PayPal and Escrow.com, which add on services for which the user must pay extra.
ClassifiedBuyers.com has several advantages over leading online auction websites and payment processing and escrow services, including:
- Free classified ad and Want to Buy ad placement for buyers and sellers
- Free escrow services for payment processing
- Its not an auction—there is no bidding, bid checking, or waiting to see who won
Many Internet users decline to engage in e-commerce transactions because of the lack of Internet fraud protection. ClassifiedBuyers.coms PayControl process has made Internet fraud protection an essential service for buyers and sellers. To learn more about the PayControl process or to create an account to begin posting classified ads today, visit ClassifiedBuyers.com.
About ClassifiedBuyers.com
ClassifiedBuyers.com has been devoted to offering Internet fraud protection to online consumers since 2003. With the development of PayControl, it is their hope that new industry standards in Internet fraud protection will be set.
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