Pawnbrokers really do care about ensuring items aren't ill-gotten The best thing you can do if you're unsure about the process or an item is to call a pawnshop or send a message through its social media page and ask if they accept it. If you bring in a luxury item, you'll need to be at the store for longer than a few minutes while we authenticate it. There's also a lot of counterfeit merchandise, so we have procedures in place to test for the authenticity of luxury items and gold. For example, with laptops, I need to know what model and year it is, how much memory it has, and what condition it's in. There are many items that take longer to determine their value. If a person wants to sell an item, we only have to hold onto it for 14 days.
#Shady business of fakes plus#
Mississippi state law requires us to hold a pawned item for 30 days plus another 30-day grace period. You have to let a pawnbroker know if you want a loan, otherwise known as a pawn, and that you want to come back for the item. There's also a difference between pawning and selling. That's how pawnshops got their start, but don't bring in items like that today! In the 1500s and 1600s, you could pawn things like bread and potatoes. Someone tried to pawn a boa constrictor once. Of course, people do try to pawn or sell us strange items. Every state has its own set of laws around pawning, but the average pawnshop loan around the country is $150. This inspection can be due to legal restrictions (which vary by state), because they quickly depreciate in value, and/or to check their authenticity.
#Shady business of fakes tv#
If I have three televisions and 50 laptops for sale, I'm going to be more inclined to learn about the TV than I am about the laptop. Negotiating also depends on how many items I have in the store that are similar. Clients can come in prepared to negotiate by using sites such as eBay, which pawnbrokers also use every day.
Low-quality jewelry stones will get you less money, and higher quality stones will get you more. If the item is rare or valuable, like a Super Bowl ring or other kind of jewelry, the pawnbroker needs to be able to research it and determine its value. We have to make sure the item is something we can later sell and that we can make a profit off of. When setting prices to buy an item, the pawnbroker has to make sure the client doesn't want to return for it. The risk of buying something from a client falls on the pawnbroker first and foremost. Pawnbrokers check sites such as eBay and Amazon, just like everyone else. The company said it had worked with brand holders and tackled six million web links containing infringing items, assisting in more than 1,000 cases and the arrest of nearly 400 suspects.Account icon An icon in the shape of a person's head and shoulders. Taobao posted a response on its microblog, saying the company is willing to work with regulators, but at the same time is to file a complaint against the SAIC's Internet regulation director, Liu Hongliang, claiming that he drew inappropriate and non-objective conclusions after the investigation.Īlibaba Group announced in December that it had spent more than 1 billion yuan ($160.7 million) fighting counterfeit goods and improving customer protection in the past two years. "Alibaba faces not only the biggest credibility crisis since its founding, but also casts a negative influence for other e-commerce operators". "Alibaba hasn't paid enough attention to illegal operations on its platform and hasn't effectively alleviated the situation," said the SAIC. Of 51 items bought there only 19 were genuine, said the industry watchdog.
According to China's State Administration for Industry and Commerce, only 54 out of 92 items bought from online shopping sites between August and October were authentic. Its response came after the most recent round of national inspections of online goods. With help from the government, consumers and data analysis, the company aims to solve the problem thoroughly and efficiently, said Taobao.
#Shady business of fakes crack#
Īlibaba has established a special force of 300 staff to fight counterfeit goods, the e-commerce behemoth's shopping site Taobao said on Wednesday, as authorities accused it of failing to crack down on shady merchants. An advertisement for online shopping site of Alibaba Group is seen at a metro station in Shanghai, Nov 12, 2014.
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