Speaking of shill bidding, does anyone know if buyers shill bidding still happening on Ebay US?
If you don't know what I'm talking about, it's a buyer using a 2nd (fake) account to raise bids way above any reasonable price to block other bidders.
E.g.:
Seller posts an indemand 45, value say $200 on Ebay, auction starts at $1.00
Buyer A bids $450 straight away. Buyer A is first bidder, so auction is still at $1.00
Buyer A then uses another account, Buyer B, usually fake account, to bid on the auction, in smaller increases to disguise, and raises the price up to say $400.
$400 is twice the going rate so nobody else bothers to bid.
Right before end of auction fake account retracts bid, price falls back down t $1.00. Buyer A wins @ $1.00
I know this happened years ago when I was still active on Ebay US. But is it still happening nowadays?
Some of these shill bidders even waited for real accounts to bid up to a reasonable amount, say $40 in my example before they went it.