Internet eBay & Paypal Fraud -A complaint to our Governments

[tdj6464]

Buyers on Ebay/ Paypal should review Seller feedback carefully , the only problems i've had buying is unreported damage that sellers chose not to disclose . I gave them negative feedback to protect future buyers.

[tdj6464]

Sellers on Ebay could protect themselves by refusing to accept Paypal .Thus saving high Paypal fees and other potential problems like cash back disputes ,that are being abused in some cases . Accept US Postal Money Order ,instantly verified at the post office .Don't deposit it because could take time to find out if it's bad .

[Brightangel001]

All the items I've brought on e-bay have been from the U.S,so far so good,thank-you Americans!Mmwaaa!!!!

However after reading all these comments I've suddenly got very weary.

[BH0YAX]

I sold and ebay item to buyer JOSEPH SETTECASE after customer received the Item he file cash back dispute. I provided Paypal Resolution Center and Email for the Ref.# At the end Paypal favor the buyer so his having my Item and my money & my Paypal still unusable up to now.

[It0uCh41]

i know this is stupid but i bought an iphone on through youtube and gave him money through paypal but it has been 6 days and its not here did i gat scammed

[harrow177]

Paypal are the fraudster themselves. They let scammers buy items for free..! All I can say is.. tell Paypal to give sellers better rights! lol

[ncollier1]

Yea but what kind of future do you have seriousathiest. When they close down the loopholes you will have no skills, no experience and you will be poor.

[loaiuk]

i am a victim of internet fraud in ebay, i lost £500. the laptop i bought never arrived . when complained ebay and police never did anything to help me

[p2009]

Hopefully your mom will die slowly whistle being rapped in front of your brothers and sisters, while your father watches his bollocks being minced on a blender ! Have a good day son of a prostitute, spaguetti cunt

[818coolkid]

SHARABBBBBBBBBB

[kingding26]

Cover yourself, follow the guidelines set out by the seller protection on eBay/ PayPal. If your a merchant get a filter program so you can stop payments from high risk IPs/countries. Keep your computer up to date with all virus software. IM well aware how the whole situation works. Be smart or loose your arse, smarten up or you will be hit HARD!!

[iUploaded]

Does somebody want to transfer millions of dollars into your account?

Does someone want you pay you to cash cheques and send them the money?

Met a new friend/penpal on a friendship/dating site who's asking you for money?

Has a dying person contacted you wanting your help to give his money to charity?

Have you sold an item and are asked to accept a payment larger than the item amount?

IT'S A SCAM!

Don't fall for common scams like this

fight them!

Credit: Ravenshaolin

SPAM EMAIL = SCAM!

[mongalito]

I am a USA based eBay vendor. Here, Visa/MC charges can be placed through a Credit card or bank card, and fraudulent CC charges are limited to the 1st $50 on each CC card, but bank cards have unlimited liability. Despite this dichotomy, people continue to make bank card Visa/MC purchases in all possible settings. Do knowing thieves discriminate between these cards to limit the pain inflicted upon their prey like a parasite upon its host? Sadly, no. Caveat emptor.

[mongalito]

how the hell did i end up here when i was just at the dharma initiative site?!

[domcruise]

yeah how come ive ended up on this page after clicking 'jobs' on the dharma initiative website?

[licebaby]

I've had my phone number listed at both Ebay and Paypal by fraudsters, and had many people call me because they were scammed,Ebay and Paypal gave them my phone# without verification and I got harassing phone calls 24/7 from every place on earth.Ebay and Paypal are run by incompetent people,I know this because I've met with the IT Security people running the organization, and they are incompetent and stupid,I SWEAR TO GOD I'M NOT LYING.The IT Security & chief Auditor at Paypal are English, LMAO!!

[metalsonic99]

How come on this dharma website (lost) It links to this when you click on jobs?

[HxNxIxC]

yes i agree with all the crap your saying blaa blaaa blaaa

[jonah70757]

I just suffered loss through a transaction involving Ebay and Paypal and the seller in my opinion was not properly verified or authenticated. The experience left a veyr very bad imprssion on me regarding dealing with paypal/ebay.

[Jabiru1]

onya Nick great Vid factual and relevant . .

Sphinx, quite obvious that you are one of the few remaining Feebay/Paymorepal apolgists left .

Getting rid of Paypal in its current form will have a great effect on less fraud !

Check the Aussie forums , Feebay is trying to force Paypal as the only payment method.

Corporate Communism ??

They may have just met their match belting 5million Greedbay users.

[gmajorspresents]

Nick I totaly agree with your concerns. The other comments are equally as sensible.

There is a real danger with PayPal and ebay.

PayPal is like a ghost company that does what it wants and is not regulated by federal authorities.

Ebays policies have changed over the past year and it's getting worse for the seller.

My opinion is that ebay should have been regulated by state and federal officials

just like casinos. It had all the charicteristics of an illegal lottery.

Chin up

[YesMrRight]

If you want to trust paypal, why not trust Western Union too?

Western Union is a legitimate company too.

ebay owns paypal, but ebay refuse sellers to accept Western Union money transfer activities, why?

[YesMrRight]

Paypal transacts billions of dollars.

If paypal shut-down tomorrow, where are you going to get back your money? Who protects your money in paypal?

Paypal has millions of account-holders or members, and transacts billions of dollars , but it is not under banking-law, do you think the risk is too high for anyone to have money in paypal?

Don't use paypal at all, it is too risky.

[bionicmisfit]

This has been an ongoing curse even before the internet became a household word...law enforcement, by and large, has traditionally been poorly or non-equipped or even motivated to fight white collar crime...this has been changing but it has been slower than a seven year itch. You are blindingly accurate when you say that fraud---and in particular the debauchery of a nation's currency---is tantamount to and act of war...or outright treason if it be the people of your own nation. Good vid.

[lampofdiogenes]

I am a USA based eBay vendor. Here, Visa/MC charges can be placed through a Credit card or bank card, and fraudulent CC charges are limited to the 1st $50 on each CC card, but bank cards have unlimited liability. Despite this dichotomy, people continue to make bank card Visa/MC purchases in all possible settings. Do knowing thieves discriminate between these cards to limit the pain inflicted upon their prey like a parasite upon its host? Sadly, no. Caveat emptor.

[sphinxmorraine]

To be honest i think paypal is perfect as it is. paypal has been a god send for me to do business online. i can't get a proper merchant account because of my credit history so if paypal was to become a more like a bank it would become unusable for millions of people in my position. So you just have to be care full. The state can't hold your hand for every thing. You must rely on your own judgement and experience with some things. And its a global market now. I like wild west feel of it.

[sphinxmorraine]

The problem is that if paypal were to become a proper bank then ebay would have to sell or float the majority of it on the stock market so that they are no longer the controlling interest in it. Strict banking regulations prevent companies with controling interests in any thing other than banking from owning and operating a bank. So because of this ebay will never let paypal become more like a bank.

[ncollier1]

It is not our problem how Paypal is structures whether through subsidiary ownership or floated as a public company. What is our problem is that credit card and internet payment systems are secure and Paypal is not. Legislation should force these companies to be run securely and it matters not how the companies want to achieve this.

[bionicmisfit]

The so-called "federal reserve bank" is not a bank in any lawfully used sense of the term, it is owned by the Lazare Freres of the Rothschild family and they have controlling interest in everything under God's sun...and the "fed" has iron fisted control over every bona fide bank in America. The "wild west" is just a euphemism for anarchy the "caveat emptor" philosophy has been grossly overworked in this country under the guise of "American free enterprise. Ebay is a loose cannon.

[sphinxmorraine]

Since when was ebay or paypal a bank!?!?!?!? mate wake up. Ebay owner of paypal is just a business and are not under any type of banking regulations. except for the purpose of money transfers and of a third party Credit card processor. Also i think bio metric will not work online as you never know who you could be giving your bio-metric data to. man will never get rid of fraud. Fraud will be with us until man has no use for currency to purchase his desires

[ncollier1]

Given that Pypal handles billions of pounds of peoples money it should be forced to comply with strict regulations. You cannot eradicate fraud but you can reduce it with sensible measures and the present system of paypal and free usage of card numbers without further authentication is just not sensible.

[bionicmisfit]

You will never eradicate homicide either but we still have laws against it and, contrary to myth, the death penalty DOES in fact act as a strong deterrent in many cases. Digital and other high tech fraud does now carry very high penalties and if the courts upheld these sentences the way they were supposed to...a few "examples" might just strike the fear of God in the breasts of many potential scamsters. Internet trade is still trade and the FTC can still prosecute. They just need to.

[sphinxmorraine]

This whole speech is flawed. what you are proposing is that before i can buy any thing online i will have to prove who i am to the seller. Can you not see that that will be a massive and bigger security risk than how the system already is. If you had to prove who you were to a website then i would just setup a fake website take all your proof of who you are for buying that nice non existent ipod that im selling for half price. then i would use all that information fradulently!!! hypertheticly

[ncollier1]

No im not saying you would have to prove who you were to the seller, im saying you and the other party would have to prove who you were to the company who was the intermediary to the transaction eg. ebay/ paypal or have a secure credit card transaction where a secureID token verifies you with the merchant NOT the other end user you may be dealing with on ebay.

[killacrossova621]

check this out fellas, some moran wins my item on ebay for around $650, he messages me sayin the payment has been sent, and then i get this fake paypal email sayin their putting a hold on my funds until my buyer has my item in his hands. lol gave me a good laugh 5 stars for the vid

[loobielollipop]

i think your points are vaild Nick....just some people choose to ignore these facts or simply they are just uneducated and he dont have a clue what is happening...thanks to people like you Nick we have someone looking into the future and recognising these points....WELL DONE....love you x

[ncollier1]

I have had a meeting with my Member of Parliament about thses issues and have been asked to submit a formal propsal which I am doing.

[BrigadierJaySantos]

You call your freakin credit card company and they handle it! I didn't feel like switching sceeen names! RehobothBeach

[ncollier1]

OK so I call my credit card company, and they do the 'bank assisted chargeback process'. The fraudulent charge is the charged back to the vendors plus an admin fee. The vendors then have to charge higher prices to the customers, you and me, because thats how the market economy works. So we in the end I end up paying for the lack of security in the credit card processing systems/ ebay/ paypal etc. due to their lack of security.

[BrigadierJaySantos]

I give up!

[RehobothBeach]

You really want your government involved on the internet? Stay off eBay, problem solved!

[ncollier1]

OK so lets say I stay off eBay and Paypal. Someone gets my credit card details from a hotel, and sets up multiple Paypal accounts? Whose going to protect me?

[bradbox2001a]

Actually Nicholas, some of your points are flawed. Yes you can buy an anonymous credit card (prepaid) and you can buy a totally anonymous mobile phone.

Your points are socialist and why do you think socialist governments have not survived?

Look forward to the next video.

And its a nice armchair by the way.

[ncollier1]

My points are not designed to be socialist, in fact regulation of markets is totally acceptable in capitalist economies eg. the United States. And it is not true that socialist governemnts have not survived. The UK Labour government is very socialist and I wish it was less socialist. And how does the fact that you can buy an anonymous mobile phone negate the fact that internet finance companies should know their client?

[WindsorFox]

Hey, great cause you have there, IF you're in the UK. How about adding a speech against posting off topic spam to Usenet groups???

[alanheath]

Theoretically it should be easy to track fraudsters but in practice it seems not to be.

Corporate fraudsters like ebay and paypal get away with it because of their size and because people do not know any better.

I will not buy anything online again except from companies I know.

Very well spoken by the way, you made an excellent speech.

[ncollier1]

It damn well should be your favourite vid! :)

[benfras]

who favourited this?