Should eBay Be Doing More to Stop Sales of Fakes?

Photo of Paul Ausick
By Paul Ausick Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Should eBay Be Doing More to Stop Sales of Fakes?

© Wikimedia Commons

[cnxvideo id=”508517″ placement=”ros”]Sales of counterfeit items on online marketplaces like eBay Inc. (NASDAQ: EBAY), Amazon.com Inc. (NASDAQ: AMZN) and Alibaba Group Holdings Ltd. (NYSE: BABA) has been and continues to be a source of irritation (at least) to the companies, the manufacturers of the fake goods and to the consumers who buy them.

According to The Counterfeit Report, a website that searches out fakes and reports the items to the e-commerce websites, “eBay is proving to be an ideal platform to distribute counterfeit goods — an activity that is profitable, difficult to track and widely unpunished.”

The Counterfeit Report claims that it has identified more than 2.8 million counterfeit items at eBay and reported more than 1.9 million to the company for listing removal on behalf of trademark holders. The Counterfeit Report purchased and received more than 2,300 products from eBay sellers, all of which were fakes.

[nativounit]

What more should eBay do to stamp out the sale of fakes by its Marketplace sellers? Again, according to The Counterfeit Report:

  • Deceived eBay buyers should be told by eBay that they have received a fake item and that buyers may be entitled to a refund.
  • eBay’s seller profiles should include the seller’s history of counterfeit product sales, if any.
  • eBay could take a tougher stand against previous offenders who relist the same or other fake items for sale.

From a consumer’s point of view, getting duped by sellers of fake memory cards can do more damage than just the cost of the fake goods. And some consumers could be victimized by buyers of fake law enforcement badges or credentials.

The Counterfeit Report believes that eBay could do more to stop the counterfeiting it enables, but wonders if the e-commerce giant has the will to do so? Good question.

[wallst_email_signup]

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618