Nowadays, auctions can be conducted through internet (i.e.: E-auction). Even though E-auction allows buyers and sellers to conduct auctions at their convenience, however it has indirectly provides loopholes to conduct frauds upon the transaction. Therefore, some prevention method should take into account whenever there is an E-auction transaction performed.

When an auction involved a certain value, it is recommended to apply for Escrow services. The Escrow (account) is a blocked bank account held with a neutral and financially trusted third party. This trusted third party, the Escrow Agent, will releases the money and documents from the escrow account after certain release conditions that described in the escrow agreement had been met. With an easy-to-access link to a third party Escrow service, both parties in a deal are protected.

Besides that, User Identity Verification and Item Verification is a must for a non face-to-face transaction. This is to ensure that the buyer and seller, as well as the traded item are genuine. Equifax is an empowered body that provides User Identity Verification Services. Equifax is a global leader in information solutions which had already gained customers trust for over 100years in delivering innovative information solutions with the highest integrity and reliability. As for Item Verification, a neutral third party will evaluate and identify an item through a variety of means (e.g.: item DNA tagged).

There are more methods that need to take into account for an E-auction, such as authentication services, feedback forum, appraisal services, buyer protection, etc. it is impossible for the auctioneer to implement all the prevention methods due to cost and benefit analysis. Therefore, to provide a secured E-auction, auctioneer may need to consider the necessary and appropriate protection method to prevent the possible fraud that may occur in the auction.