Pay Pal SCAM

[tekz999]

slimcrazy.com owes me $1xx parking revenue from his bogus parkpokerdomains.com site, what a bastard.

 

[Raider]

I don't like Paypal either, but what you guys have to understand is this;

Paypal is a 3rd party processor, they are the middle man in the transaction.

If a scammer buys something non-tangible, they can easily dispute the charge with their Credit Card company and say they never ordered it......What happens after that is; the charge is reversed creating a "Chargeback" against PAYPAL, who in turn attempts to recover the money from YOU, the person who received the funds. They are simply protecting themselves when they do this.

I ran a Internet business years ago in which we had our own Merchant account, so I learned the ins and outs of chargeback's very quickly, and how to protect myself.

Visa and MasterCard are way behind the times when it comes to verifying non-tangible internet transactions, When you buy a TV online and have it delivered to your home, there is a shipping record and confirmation it was delivered to the address of the credit card holder, try doing a chargeback on that and you will likely LOSE......However when you buy something non-tangible, there is NO record of delivery, it becomes the buyers word against the sellers, in which Visa and MasterCard will almost always rule in favor of the card holder, because it is the card holder who earns them the most money in interest, and they don't want to alienate their customers.

Visa and MasterCard have been working on signature verification, to put a stop to online fraud, which is really what this is, Until its fully implemented, You NEED to protect yourself when accepting payments online....

If attempts to recover what you lost proves futile, Consider it a lesson learned (as hard as that is.)

 

[7721]

I lost $100, all they said is sorry! paypal could be a scammer!

 

[nameadvertising.com]

I have been scammed for $400 US from a domain seller, and i opened a case to dispute the sale. I was just told by paypal that they cant help me and that they will credit the scammer with the money thats owed to me.

I made a purchase and nothing was delivered, and paypal tells me sorry its a virtual good and we cant help you.

Batman listen
You can get your $$$ back. I sold a typo domain to Typist based on actual stats. 5 days later he is unhappy and wants $$ back simply because i told him (after the sale via pm) i'd take the name back after 1 year if he is not happy. this was not a condition to actual sale. but he became a pest. made a false dispute with paypal saying item not received and willing to get another comparable product.

paypal accepted his dispute and granted him the funds. i was on the phone with them for over an hour. they gave me the same crappy explanation. about domain being virtual goods. keep in mind buyer made a dispute. just like you.

so there you go. i am living proof that you can have your money back. it does not matter who is right or wrong to paypal....

Update your dispute asking for seller to furnish Proof of Delivery and electronic transaction receipt. if seller cannot provide that paypal will rule in your favor...

if not, paypal is the same as those morons who rule domain disputes in favor of those fat corporations for the most part....

 

[DN BROKER]

1+1=2

 

[thevirtual]

Paypalscam.com - available

.co.uk
.net
.info

ALL TAKEN!

 

[VirtualT]

Well im going to take your advice and request another dispute case... either way as we read in this thread is the same old news with PAY PAL... SCAM AFTER SCAM - its very simple!!! Pay Pal Sponsors Scammers and thieves.... just like groups sponsor terrorism... so does pay pal.. they are the worst in my record. I found out from another person that his friend lost $4000 using pay pal... scammer got the funds and walked away clean.

I thinks its time we raise awareness that Pay Pal is not a safe online wallet... its more like "LETS give away money to Scammers and forget the loyal customers"

ive had a merchant account for 5 years now, clean record.. not once have i had an issue... my first one and pay pal refuses to credit me!!!! insted refunds the money back to the scammer... She even emailed me tonight telling me that im the loser.. can you believe this I get an email from the scammer and i get penalized...

Its time to put a stop to Pay Pal... im going to contact newspapers, news tv, what ever way i can to raise this issue with pay pal..

Virtual good, bull shit! pay pal tells me that they have no way of finding out if i or the seller own the domain, or if the domain has been transfered to my ownership. What a bunch of DORKS.. AMERICA ICANN - were else can you find your proof!!!!!

Pay Pal is a SCAM, and every person who works or owns a share of PAY PAL is part of the SCAM. We as domainers, need to unite and stand against this CORRUPTION and raise awareness...

Please help me build a case against PAY PAL. Its time they pay for the damage they have caused for us and any other customer who has lost money to a scammer.

well you've screwed yourself already, what you have just said amounts to libel, which is also against the law

 

[Bill Roy]

It is only libel if it is untrue (or the truth cannot be proved which is another matter).

 

[DN BROKER]

1+1=2

 

[VirtualT]

What you another person who favours scammers from stealing our money and not delivering a product... your the one who is screwed. your laws dont apply to us here... we stand up against anyone who sponsors scammers and thieves...

PLONK!

 

[DN BROKER]

PLONK!

Get this dork out of here, we are trying to raise an issue that exist with pay pal and he is trying to turn it into a mind game for himself.. what? you got pay pal shares?..

go spend some time reading PayPalWarning.com

your another clueless domainer who thinks he is smart by targeting another domainer who is trying to save us from scams...

 

[VirtualT]

Get this dork out of here, we are trying to raise an issue that exist with pay pal and he is trying to turn it into a mind game for himself.. what? you got pay pal shares?..

go spend some time reading PayPalWarning.com

your another clueless domainer who thinks he is smart by targeting another domainer who is trying to save us from scams...

reported, read the rules buddy

 

[Johnn]

Behave!

 

[Raider]

Pay Pal is a SCAM, and every person who works or owns a share of PAY PAL is part of the SCAM. We as domainers, need to unite and stand against this CORRUPTION and raise awareness...

NO, Domainers like you need to read the User Agreement you accepted when you signed up for PayPal, BEFORE involving yourself in such a transaction.

Paragraph VII, Sec. 1

"Please note: PayPal's consumer protection programs only apply to tangible, physical goods which can be shipped, and excludes everything else, including but not limited to: intangibles, services, quasi-cash and all non-tangible, non-physical goods."

You got burned, it hurts, I know....But you have nobody to blame but the Scammer and Yourself....If you don't like Paypal, obtain your own Merchant account from Visa/Mastercard, get a Verifone and process your own transactions and see what happens, It WONT stop the chargeback's!

If you had such an account, and your selling non-tangible goods like you did here, You NEED to capture a signature, so says Visa & Mastercard. A signature FAX from the phone number of the credit card holder will suffice.

Paypal has no such signature verification in place, this is one of the major reasons why they have the disclaimer, the one you ignored.

 

[thevirtual]

NO, Domainers like you need to read the User Agreement you accepted when you signed up for PayPal, BEFORE involving yourself in such a transaction.

Paragraph VII, Sec. 1

"Please note: PayPal's consumer protection programs only apply to tangible, physical goods which can be shipped, and excludes everything else, including but not limited to: intangibles, services, quasi-cash and all non-tangible, non-physical goods."

You got burned, it hurts, I know....But you have nobody to blame but the Scammer and Yourself....If you don't like Paypal, obtain your own Merchant account from Visa/Mastercard, get a Verifone and process your own transactions and see what happens, It WONT stop the chargeback's!

If you had such an account, and your selling non-tangible goods like you did here, You NEED to capture a signature, so says Visa & Mastercard. A signature FAX from the phone number of the credit card holder will suffice.

Paypal has no such signature verification in place, this is one of the major reasons why they have the disclaimer, the one you ignored.

In this case mentioned in this thread, Paypal is helping scammers by facilitating fraudulent chargebacks and disputes.

 

[jasdon11]

Anyway, now for important bit - who was the scammer and what was the domain?

 

[Raider]

In this case mentioned in this thread, Paypal is helping scammers by facilitating fraudulent chargebacks and disputes.

I see no evidence of that, quite the contrary....When we attempt to send a payment, Paypal has it setup to where the payment method defaults to "Instant transfer", they do this for a few reasons, chargeback's is one of them.

Also, they consistently post advice on how to better protect yourself against scammers and fraud, Lower left column under "My account"

What's New

> Learn about important updates to Recent Activity

> Take the Fight Phishing Challenge

> Exchange ideas on Online Merchant Network

> Recommended Steps for Merchants

Policy Updates

>August 30, 2007

 

[Poohnix]

I don't know what PayPal will do, or if they get some kind of exception, but Visa/MasterCard rules are that very soon all transactions has to be forced via their 3DSecure system.
Transactions that has been processed via 3DSecure can't be charged back, since Visa/MC and/or the card issuer ensures the transaction is legit.
That is, it's can't be charged back on the a claim that the transaction was fraudulent, that the card was stolen or whatever. Non-delivery from the seller is another matter, but in my experience it's easier to get the card companies to accept proof about delivery of non-tangible goods.
I have my own merchant account since 5 years back and some 100-200 transactions a day for online services, so I've had my fair share of chargeback disputes to handle. When dealing with the card companies I usually win when the card obviously isn't stolen. I also use PayPal, but there I have yet to win any such dispute....


.

 

[nameadvertising.com]

I see no evidence of that, quite the contrary....When we attempt to send a payment, Paypal has it setup to where the payment method defaults to "Instant transfer", they do this for a few reasons, chargeback's is one of them.

Also, they consistently post advice on how to better protect yourself against scammers and fraud, Lower left column under "My account"]

raider
here is where i disagree. batman is in the same situation as i was a month ago. in my case they ruled in favor of the buyer. in his case the seller wins. same crappy argument - virtual goods. but in favor of who?

in my case they asked me to provide proof of transaction with an on online receipt. i did not have that. they should ask to provide the same from the batman seller.

the folks at paypal dispute resolution are not trained judges. they decide arbitrarily depending on whose claim they believe.

my case and his case is identical. how come it worked against me a seller and worked against him as a buyer?????

well, i hope batman disputes again and put the burden of the purchase on the seller as paypal did to me....

 

[Dale Hubbard]

mgrace, have you been permanently banned from here before?