Property News · August 9, 2014

When PayPal refuses buyers protection against eBay fraud


Selling on eBay? Don’t accept PayPal if the buyer is collecting in person – as one used-car seller found to his costIf you are thinking of selling on eBay, don’t accept PayPal if the buyer wants to collect in person. Ask Philip Ryan. He recently lost £700 when fraudsters bought his used car though a hijacked PayPal account. He thought it was safe to hand over the keys after the money had been transferred into his account – only to discover the cash had been taken back two days later, with his Toyota long gone.Guardian Money has previously warned eBay sellers only to accept cash if a buyer is picking up an item. That’s because if they turn out to be a fraudster, PayPal’s seller protection scheme isn’t likely to come to the rescue. Continue reading…

Source : theguardian.com
Read more…When PayPal refuses buyers protection against eBay fraud

You may also like...