Internet-savvy B2B portals are the safest way to buy and sell used equipment online.
the most Powerful, Practical and Cost-effective online exchange for Industrial Assets
(1888PressRelease) November 04, 2008 - When selling or buying used construction equipment worth tens of thousands of pounds, you want to know exactly who you’re dealing with. According to research by online marketplace AssetTrader, people are increasingly turning to B2B portals - much to the dismay of Ebay – due to growing concern over internet selling scams. The list of potentially fraudulent activities you could be drawn to if you don’t keep your eyes well opened is never ending: illegal financial transactions, shady bank transfers, counterfeit postal money orders, purchase of non-existing automotive items, recruitment through spam, stock market manipulation schemes, and even delusional dating!
In 2007 the Internet Crime Complaint, a partnership of the FBI and the National White Collar Crime Center, released its annual report on internet fraud. According to the statistics collected by them, the most reported offense was internet auction fraud, comprising a staggering 44.9% of referred complaints. The second most common offense was non-delivered merchandise and/or payment, accounting for 19% of complaints. If you type “ebay fraud” into Google you only have to read a few of the 2,380,000 results to see that online selling fraud is a big and growing issue. Most consumer-to-consumer auction sites operate an ‘anonymous seller’ protocol, relying on potentially suspect user ratings survey to ‘out’ unscrupulous sellers.
When investing in used construction or agricultural equipment that comes with a hefty price tag, no business should be taking chances. But up till recently there were few options to help companies navigate their way through the used industrial equipment market. Things have finally started to improve, thanks to the growing attention that B2B portals are paying to the safety of their customers. AssetTrader, the UK’s leading online Used Industrial Asset portal, is one of the first to streamline and legitimize the process. In fact, all the industrial assets listed on the website belong to registered companies whose contacts are provided to the sellers. AssetTrader facilitates the trading procedure by filtering out spams, making sure contact details are active, and manually verifying every single lead. This protocol takes away much of the risk surrounding the anonymous selling model. In addition, AssetTrader recommends the use of reputable escrow services when purchasing from abroad.
Eric Usher from AssetTrader notes: “Many companies like us wanted to save money by investing in used rather than new equipment but were concerned about asset protection when dealing with consumer-to-consumer sellers and buyers. So we decided to create the solution ourselves.”
If you want to read more on safe trading online, a useful guide is available here:
www.assettradernet.com/1/xSafeBuying.asp
About AssetTrader
With over 5000 registered users, AssetTrader is a leading online trading hub for used and new business equipment. It holds a regularly updated inventory of agricultural, manufacturing and construction machinery available for sale from major dealers and private sellers through to original equipment manufacturers. Headquartered in London, UK, AssetTrader brings together traders from the USA, Europe, Latin America and Asia.
Internet-savvy B2B portals are the safest way to buy and sell used equipment online. 
the most Powerful, Practical and Cost-effective online exchange for Industrial Assets
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