Sedo Buyer Certification
Sedo introduces buyer certification to cut down on deadbeat buyers.
Sedo recently created a buyer certification program to make sure bidders follow through with their purchase offers. I received the following email today:
Dear Andrew:
In the continued effort to maintain a successful and secure marketplace, Sedo recently initiated a Buyer Certification program. Your account has automatically been updated to certified buyer status since you have engaged in successful transactions in the past.
Fresh clients must now certify their accounts ahead of submitting offers There are three methods for fresh clients to become certified buyers counting: credit card verification, completing a signed Buyer Certification Statement, Completing a W9 form (available to members in the US and Canada) or through an SMS certification code.
You will see an additional tab in the “My Sedo” navigation menu for the Buyer Certification page. Again, no action is required from you as you are by now a certified buyer. We hope that you are pleased with this improvement. It was designed to maintain a secure marketplace where transactions are carried out smoothly and efficiently. We appreciate your business and as always if you have any questions please feel free to contact us at [email protected].
This is a welcome improvement. I don’t think it will eliminate deadbeats. Afterall, Afternic performs credit card verification but still has deadbeats. But it will hopefully cut down on broken agreements.
