posted on January 17, 2002 07:51:25 AM newIf you had no money in either your paypal account or your checking account for a charge back...wouldn't Paypal just hit up your credit card on file or is that illegal for them to do??
I don't have a credit card registered on my PayPal account (Thank goodness).
posted on January 17, 2002 08:08:53 AM newDo you expect PP to eat the 500 you mistakenly accepted?
No, of course not. What I DO expect is for PayPal, upon receipt of absolute proof that a blatant fraud has been perpetrated using their service, require the buyer to formally initiate a chargeback through their bank.
Had PayPal done this (a logical thing to do under the circumstances), the buyer would be forced to make false statements in writing to the bank in the chargback complaint. These statements could then be used against the buyer in a criminal fraud case.
I also would expect PayPal to close the buyer's account. I do not wish to use the services of a company that knowingly allows a proven fraudster to continue using an account with them in good standing.
If YOU were in charge of PayPal, would YOU allow a person that had perpetrated a fraud (and you had proof) continue to use the service in good standing? Would YOU do the reversal without requiring the proven fraudster to at least file a chargeback with the bank?
Had PayPal done the right thing and required a formal chargeback from the buyer before doing the reversal, I would have no problem with them taking back the money.
Since they chose to ignore the fraud and do the reversal without a chargeback, yes, I DO expect them to eat the $500. And in this case, I'm happy to have learned that they will unless they keep the money that they took from me instead of returning it to the buyer.
What this all boils down to is that PayPal requires sellers to jump through hoops just to be able to keep their own money, but buyers can claim a refund without having to even file a chargeback. Even when the seller didn't meet the criteria for the seller protection program, does that relieve PayPal from the responsibility to assist in stopping a known thief? I don't think so.
posted on January 17, 2002 07:46:26 PM new
Just in general, to many people ignore the "weasel" words in many service providers TOS. The same guy that was your room mate/class mate in business 101 who cheated and used purchased term papers and was not above plagerising someone elses work is now working for some Dot.Com. Do you really want to have someone who is praying that one day their "stock options" will turn them into instant millionaires handling your money?. If I was in this position then I would be lying through my teeth to try and convince you, the unwashed that my business model is viable as long as I can recruit/retain enough people. I have this hobby where I swim with sharks and not one of them has yet to take a chunk out of my arse. When they do take a piece, I will be left with the thought that I new they were sharks but never thought they would turn on me.
