Paypal Not As Secure As You Think

BAILIFFCHASER

soolin wrote: »

Sorry, I don't understand how that helps. If a paypal transaction gets held due to fraud I have as much prrof as I need to contact the person who I sent the item to and explain that I will be going to the courts/police.

When I've had a cheque bounce all I have is that bounced cheque and if it is marked 'refer to drawer' it cannot be represented. So again I have the hassle of going via small claims/the police. I see no difference in these scenarios except that in my experience I am more likely to get a bouncing cheque than a rogue paypal payment.

That is where you are wrong it can happen at any time and when it does it does. Just thank your lucky stars it hasnt yet. The police will not be interested and neither will paypal.

smartie1976

Seriously man - use some punctuation and sentence structure.
That makes for some awfully hard reading.

And paypal not secure? Heavens, surely not! (5 million MSE threads on this topic and counting...)

StaffsSW

BAILIFFCHASER wrote: »

For obvious security reasons i cannot disclose how unsecure paypal is. Regardless of how much they try and convince you that they are secure they are not. There are alot of loop holes pitfalls and despite them giving you various money back gaurantees and also buyer protection and so on. If you have had the unfortunate luck of dealing with them you will know exactly what i mean.

Wow!!! Headline news of the day!!!

Cute_'n'_Quirky

Sellers and buyers who are out to defraud will always find a way to do it, irrespective of how safe or secure any payment method purports to be.

aeuerby

So by the same token, cash machines, shop chip and pin machines and as we all know petrol station chip and pin machines are not safe either.

So we should all stop using said machines and paypal and revert to cash instead.:rolleyes:

At the end of it all we all know the risks of using paypal and cash machines and as adults with some kind of ability to risk assess we take a calculated risk and protect ourselves as best we can.

Cute_'n'_Quirky

bailiffchaser always posts inflammatory items in order to stir up discussion.

StaffsSW

Chip and Pin is only as secure as the telphone line that it is connected to, and the vast majority are on standard "Non-Secure" data or voice lines.

Paypal is only popular because of very effective propaganda from eBay, and the fact it integrates so easy into auctions - and so it should, paypal & ebay are, as I've stated many times, two cheeks of the same 4rse.

windswept

soolin wrote: »

It is certainly the safest way to pay, it is the *only* way you stand any chance of getting anything back if the seller is a rogue. I always pay by paypal backed by a credit card just in case.

As a seller I am happy to accept cheques (despite having had problems with them in the past), postal orders and bank transfers, but accept that virtually all my buyers pay by paypal. Luckily in several thousand transactions I've had no problems with buyers yet.

Not strictly true,
If a customer pays me by card over the phone they are just as protected as if they had used pp, arguably more.
A seller is far more at risk from chargebacks. Especially from card not present transactions. No system is infallible, even with avs (address verification).
Unfortunately there will always be fraud, you have to go all out to protect yourself, whether as a buyer or seller.

greenstreetprince

ellybelly89 wrote: »

www.paypalsucks.com reveals many stories. You can look there for advice too if needed.

paypalsucks is more suited to providing scare stories than advice, you'll get better advice right here @ MSE forums

StaffsSW

greenstreetprince wrote: »

paypalsucks is more suited to providing scare stories than advice, you'll get better advice right here @ MSE forums

Agreed PPS.com is not constructive at all - just a handful of regular whingers who don't follow some basic procedures, but I have to admit that Paypal are very one-sided with their protection policies, have abysmal custoemr service, and are not interested in prevent problems, only telling people about them afterwards. Ie - chargebacks, unconfirmed addresses, false reporting etc...