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Paypal never learned how to deal with fraud or security. They simply avoid taking on the responsibility. Paypal decided long ago that it is far more profitable
by phaus 14y ago
Paypal never learned how to deal with fraud or security. They simply avoid taking on the responsibility. Paypal decided long ago that it is far more profitable to refund the customer's money 100% of the time than it is to fight credit card fraud. There are pluses and minuses to this system. On one hand, honest buyers can be virtually guaranteed that they won't get ripped off. On the other hand, honest sellers can look forward to having some of their merchandise stolen at some point in the future.
- sovande 14y agoIn four years as a PayPal seller we have _not_ had one chargeback. So for us at least it seems that PayPal's fraud detecting system is working just fine.
- wtracy 14y agos/Paypal/The credit card issuers/g I'm a Paypal employee, so I'm biased, but when the credit card company decides to reverse a payment, Paypal really doesn't have a lot of options.
- phaus 14y agoThis would be acceptable excuse if you stopped claiming to be a safe way to conduct online transactions when it's only safe for 1/2 of the people who use it.