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I beg you pardon, but a large segment of internet fraud is: You pay me for a laptop, I send you a brick. This does not depend on a payment method, the problem

I beg you pardon, but a large segment of internet fraud is: You pay me for a laptop, I send you a brick. This does not depend on a payment method, the problem is the time delay between sending money and sending the goods - especially goods delivery not being instantaneous. So without an escrow service there will be this kind of fraud, and someone will want his money back. [edit] And people will not only send to friends if you are successful.

netcan 14y ago
Thats probably a relatively small part, but influential as it scares people away from paying for things online. The larger segments are (1)I pay you for a laptop with a stolen credit card. You send me the laptop. The credit card company takes the money back off you. and (2) I pay you for a laptop with a stolen credit card. You send me the laptop. I say you sent me a brick. The credit card company takes the money back off you.