3 ms·
Out curiosity, why wouldn't PayPal just put categorical warnings on the payment page that allows merchants & buyers to assess the risk themselves? So if a merc
by whyme 15y ago
Out curiosity, why wouldn't PayPal just put categorical warnings on the payment page that allows merchants & buyers to assess the risk themselves?
So if a merchant understands these relative risks, they can opt in to a high risk warning category, in order to make sure accounts don't become locked, and buyers can then fully understand what they're getting into via the warnings.
I mean really this is all about liability right...or maybe is it that I'm expecting too much...?
- dangrossman 15y agoAll the warnings in the world wouldn't reduce the liability one bit. The liability is that the buyers (donors) are unhappy for any reason and charge back the payments. If it turns out the fundraiser was a scam and that's outted publicly, all those donors may well do just that. The OP's story says they got "thousands of $2 payments". Let's say 3000. PayPal could, potentially, see $6000 in chargebacks, $900 in transaction fees, and $45000 ($15 * 3000) in chargeback fees assessed by the card-issuers. If the fundraiser disappears or doesn't have a spare $45000 sitting around PayPal is on the hook for that. They're not going to file 3000 court cases to recover it, no matter what warnings were on the site.