eBay clamps down on fakes with a new label to verify second-hand luxury watches
eBay clamps down on fakes with a new label to verify second-hand luxury watches are genuine and a 100% money-back guarantee for any dodgy purchases
- The online auction website has already authenticated almost 7,000 watches
- It is an expansion of the eBay Authenticate program, which launched last year
- Service is available in the US and several European countries, including the UK
eBay is clamping down on fakes with a new label to verify that second-hand luxury watches sold on the auction site are genuine.
The e-commerce website has now authenticated almost 7,000 watches, which cost anywhere between £390 ($500) to more than £38,700 ($50,000).
It also offers a 100 per cent money-back guarantee for dodgy purchases.
It is an expansion of its eBay Authenticate program, which was originally launched last year for handbags.
The service is currently available in the US and several European countries, including the UK and Germany.
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eBay is clamping down on fakes with a new label to verify that its second-hand luxury watches are genuine. It is an expansion of its eBay Authenticate program, which was originally launched last year for handbags
Items with an ‘Authenticity Verified’ label have a 100 per cent money-back guarantee, the company explained in a new blog post.
Third-party experts will verify the authenticity of all products approved for the label.
They will also list the product and ship it to the buyer.
In return these experts will take a cut of the sale price, which is currently set at 20 per cent for authentic handbags, writes Tech Crunch.
James Hendy, senior director of eBay Authenticate said in a blog post that luxury buyers want ‘an added layer of trust and confidence when buying in these categories’.
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According to Mr Hendy, verified items are more likely to sell than non-verified ones.
‘Shoppers can now browse an authenticated selection of over 30 luxury watch brands, including Rolex, Patek Philippe, Omega, Audemars Piguet, Breitling and Panerai,’ he wrote.
‘Nearly 7,000 watches are available at launch globally, adding to the thousands of handbags currently listed through the service.’
James Hendy, senior director of eBay Authenticate said in a blog post that luxury buyers want ‘an added layer of trust and confidence when buying in these categories’
WHAT DO PEOPLE BUY ON EBAY?
Earlier this month Ebay released its UK Retail Report.
The reported reveals that many of us – particularly parents – are increasingly turning our backs on so-called ‘always-on’ technology.
The auction website’s UK Retail Report said: ‘Searches for adult and kids’ fishing rods peaked in April and May, rising nearly threefold on the same period in 2017, as families sought safe places to fish on our rivers and coastlines.
‘This was part of a wider trend towards family outings and staycations, as eBay saw rising sales of four-person tents.
‘Amid concerns over the amount of screen time our children are exposed to, parents are also adopting a “back to basics” approach to extricate their kids from their tablets, with sales of outdoor activity sets like rounders bats, tennis rackets and boules all up by a quarter year on year.’
Sales of classic games like Cluedo and Snakes and Ladders rose by 50 per cent in December compared to the same month in 2016, with Jumanji – based on the hit film – was the most popular board game for children.
Monopoly and Scrabble, popular with families for decades, are still proving a hit – with more than 1,000 daily searches during peak shopping periods.
The average Briton now spends six hours a day looking at screens, which is thought to affect our ability to concentrate.
The news comes as new research revealed that almost half of mobile and gadget insurance policies do not cover devices bought on eBay.
A study from Defaqto, which compares and rates different types of financial products, found that 42 per cent of policies will not pay out for lost, broken or stolen gadgets if they were bought from a second-hand auction site.
Insurance firm Captain Cover will protect phones only if they were bought new in the UK directly from a manufacturer, network provider, High Street or online store, excluding auction sites.
It will also cover refurbished phones bought directly from a manufacturer.
Other insurers such as Insurance2Go will cover mobile phones bought from eBay if they are brand new.
But you must have the original receipt showing the International Mobile Equipment Identity (IMEI) or serial number, plus the make and model of the phone.
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