I got bitten myself - over 1k worth of charges reversed.
There are two types of scammer:
- People who own the Paypal account they are using and reverse charges because they know they can. At least you know who the actual user is here and could go after them in court, and report them to law enforcement.
- People who hack mail accounts and login to Paypal using same password (because people are lame and use the same password at multiple sites). They then create new ebay accounts and link that to paypal. They buy via ebay, steal your btc, and then eventually the original owner of the Paypal account sees the transactions and disputes them. In this case, the original owner is legitimately disputing (they didn't authorize the charges) but you as the seller are screwed because Paypal and ebay will always side with the buyer.
Bottom line: don't do any business on Paypal for anything if the risk of reversed transaction. Some exceptions for physical goods where you can provide proof, but still there is risk Paypal will side with the buyer.
I don't see why Paypal doesn't require 2 factor auth or even a PIN that would greatly reduce this type of fraud. The answer is they want people to "one click" on ebay and spend $ and who cares about the sellers.
Topic: _ (Read 1177 times)
Do not ever sell anything over paypal, they are supporting scammers and won't do anything to change it.
If you are selling digital goods, stay away from paypal or you will be getting scammed alot. I lost alot of money on paypal, and their reply was some copy paste shit (after I waited 4-8weeks for their support).
So if you want to be safe, stay away from paypal as far as possible.
Just my 2 cents.
If you are selling digital goods, stay away from paypal or you will be getting scammed alot. I lost alot of money on paypal, and their reply was some copy paste shit (after I waited 4-8weeks for their support).
So if you want to be safe, stay away from paypal as far as possible.
Just my 2 cents.
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