New (to me) auction site

piecesofme

wants your credit card information just for placing a bid



I just think it's odd that the auction site itself does not collect your payment information. The way it's set up is each seller asks for your payment information before they'll allow you to bid.



Would you be willing to provide credit card/banking information to a private citizen just to be able to bid? I know all that can be hacked and gotten anyway if wanted by someone badly enough, but to openly give it to a private citizen is not something I'm willing to do, just to be able to bid.

tneig

Nice and convenient for that business to keep them clear of the money problems.

mariner67

Interesting site POM.
I share your hesitation.

OPA

This site appears to be associated with major auction houses..i/e Sotherby's. To "rich" for my blood.

ricko

Under no circumstances would I use such a site.... that is just begging to be ripped off.

Cheers, RickO

piecesofme

oh, and another thing I forgot to mention, there's a BUYERS fee of 19%.

grip

and there pictures S...

bamaeric81

Upfront payment information seems a little extreme but I assume this is just their way of protecting the seller from abandoned sells? With eBay there's no way to actually force a payment (or even https://www.coinmp.com) so they use this to ensure the seller gets paid. I get it but personally, I wouldn't do it.

coindeuce

Is there any criteria that would prevent a potential bidder from using a pre-paid card that has a minimal amount loaded into the account ?