>> >> What a stupid concept!
>> >
>> >Almost as stupid as sending a check, ... or a money order, ... or a
>> >cashiers check. Hey, why buy anything since there are always risks
>> >involved.
>>
>> Yes, but unlike paypal, you can still dispute a payment using the
>> other methods and still be able to use them. What paypal does with
>> that requirement is remove any recourse a person has...
>
> Paypal is a means of payment just like a money order or cashiers check. It
> is not in the business of arbitration. The means of payment is separate from
> the transaction itself ... as it should be. This type of transaction gone
> bad is probably something Yahoo should get involved with. If you mail off a
> check to someone and it appears that fraud is involved, you don't really
> think the bank will get involved do you?
On the contrary, if I say to the bank, "I think that cheque number 1203 was
cashed fraudulently", I expect them to dig out the cheque and find out what
account it was paid into, and if it is not in the name of the person I wrote on
the cheque, to find out by whose signature it was endorsed, and help me
determine whether the payee really was the person who endorsed it. Etc. This
is at least equivalent to Paypal's new terms as posted by Sellam. It also
covers the Paypal scam that was described earlier in this thread, even if not
the Sorceror scam.
The business of contesting payments on other grounds was introduced for credit
cards, I think because they are so easy to misuse. I do not like the idea of a
service like Paypal tayking away these additional rights (or forbidding you to
exercise them, which is essentially the same thing) - on the Net, credit cards
are even easier to misuse...
That said, if you have been defrauded on a credit card transaction, the credit
card company is jointly liable with the seller, and ought to help you recover
the money.
OK, that's my bit. I'll shut up now...
Philip.
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Received on Mon Aug 21 2000 - 11:23:21 BST