eBay To Pay Damages To Austrian Gold Buyer | Ramblings of an e-trader

Friday, 9 April 2010

eBay To Pay Damages To Austrian Gold Buyer

I find this recently concluded court case rather interesting. eBay has been found to be negligent in taking action against a high risk gold seller on eBay that caused a buyer to lose money buying gold that was never delivered.

In the first place, eBay employees agreed that it took them several months to take appropriate action in dealing with a German PowerSeller but then this seller has been much discussed in eBay's Trust and Safety forum and yet, the buyer didn't do enough research and committed quite a big sum on the purchase.

Of course, I am not saying that the buyer is wrong or even eBay is. We just have to appreciate the fact that things move slow in a huge organization. And a buyer owes it to himself to make adequate research before making a purchase even if it's just a low priced item.

eBay now has to pay him damages to the tune of $23000 but what happens if the buyer loses in this court case?

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