While eBay reaps billions in revenue and profits from transaction fees, consumer counterfeit product protection is lacking. Consumers often unknowingly purchase counterfeit products from eBay, and it’s no surprise.
Consumers place their confidence in e-commerce giant eBay, but that confidence is often misplaced. eBay has eliminated valuable consumer information bulletins that help consumers identify online counterfeits.
Consumers lose billions to counterfeit products each year, 90% of which originate from China and a global $1 trillion criminal enterprise. The $20 billion Alibaba IPO may open the floodgates to global counterfeit goods distribution.