Re. the OP's post, is this still legit/valid? Is paypal still bending over btc or trying to now work WITH it , it seems.......
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Still valid, and things are getting worse.
On Nov 18, according to new user agreement, Paypal will allow chargebacks to be filed up to 180 days after a purchase. If you follow the forums on Ebay & Paypal, chargeback & other scams by buyers are getting much worse. They (PP & Ebay) are forcing sellers to eat the costs of these scams.
This is partly due to the collapsing economy around the world. There are a lot of smart people that can't find decent jobs, so they are turning to fraud to make money. This, of course, is only making things worse as legitimate sellers have to either raise prices to compensate for fraud or quit selling products with small profit margins.
The new user agreement does forbid returns for virtual products (including cryptocurrency), but this won't hold up when the buyer claims their credit card or paypal account was compromised.
Openbazaar is going eliminate buyer fraud. Seller fraud may be a problem at first, but this will simply make name recognition much more important.
Good points, thanks. Wow yeah I have noticed the downstream trickle effect from seeing this kind of poor practice by pp/ebay over the years, it's only become worse to deal with them, cost me MORE money and I've noticed a lot more scam activity there. I'm sure they "do their best" to keep consumers safe but if anything, it seems to have the opposite effect.
Any kind of openbazaar/decentralized marketplace that REALLY works would be epic.
A country using it officially? Major a major corporation.