Scammers using Paypal Exploit

kas
Administrator

I no longer do indepth security inspections. Now this is more of a hobby I do in my spare time.

Posts: 783
Are you a spam fighter?: YES

Scammers using Paypal Exploit Jan 9, 2011 16:42:45 GMT -5

Quote

Post by kas on Jan 9, 2011 16:42:45 GMT -5

Why would I call this an exploit? Well I don't know what word would be better but to me it sounds like an exploit of the PayPal rules which the loophole allows scammers to scam real sellers and Paypal refuses to take responsibility for it saying that sellers should beware before they sell (with Paypal it seems). **Not an exact quote as this is the general impression I am getting from all the stories I am hearing.

I know that the rules had changed and suddenly all these complaints from real sellers ever since! Why isn't Paypal doing something to protect the innocent?

Phone conversation with someone at Paypal - another story not related to the one above (I cannot verify how accurate the man is but he is frustrated never the less at his experience):

gnuconsumerreports.blogspot.com/2008/02/paypalcom.html

eBay Buyer Protection:

pages.ebay.com/coverage/index.html

Other complaints about Paypal:

Last Edit: Jan 9, 2011 19:12:47 GMT -5 by kas

The only way to protect yourself is to arm yourself with knowledge. When you relax and expect others to protect you, they usually drop the ball. So this is why I do what I do.
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kas
Administrator

I no longer do indepth security inspections. Now this is more of a hobby I do in my spare time.

Posts: 783
Are you a spam fighter?: YES

Scammers using Paypal Exploit Jan 9, 2011 18:46:45 GMT -5

Quote

Post by kas on Jan 9, 2011 18:46:45 GMT -5

More stories:

$1114.65 stolen by Paypal.

I sold a set of wheels online. Buyer was happy with it, no complaint at all. Fedex with tracking on record. Out of nowhere Paypal locked my funds and said they have to "investigate it".

Investigation result: "We'll keep your money for 180 days interest free. Thanks."

Both the buyer and I had no idea what the hack happened. Buyer never filed any complaint with Paypal or his credit card company.

I called Paypal a few times, they said the computer system randomly found my transaction as "high risk" and they'll have to lock it for 180 days JUST IN CASE the buyer files a complaint.

180 days = 6 months = half of a year!!!!

Yes, you heard that right. Paypal was trying to protect themselves from a loss "just in case" the buyer wasn't happy with the item.

In this case, my buyer was very happy with my item, and they kept my money for no reason at all "just in case" anyways.

The girl on the phone found no reason why Paypal would need to hold my money. "Sorry, that's how we do business".

This was NOT an international transaction.

And even Chris:

Last Edit: Jan 9, 2011 19:13:16 GMT -5 by kas

The only way to protect yourself is to arm yourself with knowledge. When you relax and expect others to protect you, they usually drop the ball. So this is why I do what I do.
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kas Administrator I no longer do indepth security inspections. Now this is more of a hobby I do in my spare time. Posts: 783 Are you a spam fighter?: YES	Scammers using Paypal Exploit Jan 9, 2011 19:01:12 GMT -5 Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by kas on Jan 9, 2011 19:01:12 GMT -5 Also Ebay loves to stay quiet when Buyers need their help:
	The only way to protect yourself is to arm yourself with knowledge. When you relax and expect others to protect you, they usually drop the ball. So this is why I do what I do. .

Post by kas on Jan 9, 2011 16:42:45 GMT -5

Post by kas on Jan 9, 2011 18:46:45 GMT -5

Post by kas on Jan 9, 2011 19:01:12 GMT -5