1.) Proxy bidding is when a website like ebay automatically bid for you each time your outbid. Like ebay if someone outbids you then it will automatically bid a dollar more then the person before you did. But if the person like you entered a higher maximum on the proxy bidding then you may end you paying more then you wanted. But you will never pay more then you max. The purpose is really for people who cant or don't want to keep checking on the bid war and it makes it a lot easier for everyone.
2.) One of the best ways is to look for bargains is to go onto sites like shoppzilla and dealnews, and look for Smart Choice and words like that that searches for the best prices for the specific item you desire. Look for coupons on the sites and items as well.
3.)Triangulation in auctioning is when you buy stolen property from a site. when this happens you need to contact the site immediately explaining the situation. If you don't the consequences could be very bad. People steal credit card numbers to buy stolen property then sell it to you ..meaning you will be charged with receiving stolen property in the end.
4.) Virtual credit Cards are cards with a max amount of money or one rime use card numbers that will save you from idenitiy theft and clearing out your account. These numbers come from banks like bank America and discover and shop safe! I was never aware of this possibility but now that I'm educated i will definitely use this in the future. More people should know about these safe ways of shopping on the web.
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