 | | Re: $7000+ PayPal Warning
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(...) My guess as to what happened here is something like this: the Buyer on that transaction most likely stole someone's credit card number and/or identity, set up a PayPal account under false pretenses, bought a bunch of stuff, and then took off (...) (21 years ago, 3-Jun-03, to lugnet.market.services, lugnet.market.buy-sell-trade, FTX)
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| | Re: $7000+ PayPal Warning
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(...) I think it is VERY likely that is what happened to the seller in this case - I'll post a confirmation if and when I get it. The main issue then becomes accepting PayPal (or other services?) payment by credit card. If a criminal uses a stolen (...) (21 years ago, 3-Jun-03, to lugnet.market.services, lugnet.market.buy-sell-trade)
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| | Re: $7000+ PayPal Warning
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(...) Where did you get that info from? If a charge is reversed the money is taken from the seller and returned to the buyer. What you are claiming is exactly what I pointed out as an easy way to fraud and double your money. It just does not work (...) (21 years ago, 3-Jun-03, to lugnet.market.services)
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| | Re: $7000+ PayPal Warning
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(...) Mark is correct. I did e-commerce setup for a software company a few years back and had to deal with all the credit card banking things. If you accept Visa or any other credit card, you must have a bank account with a certain amount in it so (...) (21 years ago, 3-Jun-03, to lugnet.market.services)
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| | Re: $7000+ PayPal Warning
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(...) If that's the case then why would VISA complain about credit card theft and say that's one of the reasons their interest rates are so high? More to the point, what is the 1.75??% fee for then? (And why is the PayPal fee 3% - even higher than (...) (21 years ago, 4-Jun-03, to lugnet.market.services)
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| | Re: $7000+ PayPal Warning
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(...) If you want to know who gets what on the fees check out this article (URL) just look at the PDF flow chart. The PDF file (who gets what when you use plastic) is located on the right hand side of the article under "Special Package". Most of (...) (21 years ago, 4-Jun-03, to lugnet.market.services)
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| | Re: $7000+ PayPal Warning
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(...) I believe, but am not sure, that Paypal is more like a processor than a merchant. Or if not, they are somehow closely connected to a processor or bank. I carry a Paypal branded MasterCard debit card. Paypal rebates 1.5 % of all spending (when (...) (21 years ago, 5-Jun-03, to lugnet.market.services, lugnet.market.buy-sell-trade)
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| | Re: $7000+ PayPal Warning
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(...) The Paypal Visa credit card is issued by Providian National Bank. Lower rates can be had by getting a basic Providian credit card, however. ____ (21 years ago, 5-Jun-03, to lugnet.market.services)
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| | Re: $7000+ PayPal Warning
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(...) The assumption is that since paypal said there is fraud involved that there is. This is not wise. It plays into paypal's attempt to pass the blame for the failings of their bogus verification scheme off on their customers. I know because it (...) (21 years ago, 5-Jun-03, to lugnet.market.services, lugnet.market.buy-sell-trade, FTX)
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