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Is Shopee safe enough? Singapore launches safety rating scheme for e-commerce sites

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Lion cityer wrote a column · May 17, 2022 22:17
E-commerce scams are one of the top scam types in Singapore. In 2021, there were more than 2,700 cases reported, with about $5.8million in losses. To safeguard consumers when they transact online, the Ministry of Home Affairs launched the Transactions Safety Ratings (TSR).
Here're the ratings and number of scams for each platform. You can see that $Amazon(AMZN.US)$, Lazada and Qoo10 are the safest. $Sea(SE.US)$'s Shopee follows and $Meta Platforms(FB.US)$'s Marketplace is the worst.
Source: MHA
Source: MHA
The ratings indicate the extent to which they have implemented safety features, which we assess to be critical in combating scams. The following table shows how well these platforms have implemented necessary safety features.
Source: MHA
Source: MHA
Are you an online shopper? Have you experienced e-commerce scams before?
I use Shopee a lot. What about you? What's your favorite site? Comment below to let me know
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