bogus auction for Altair system on eBay
williams.dan at gmail.com
Sun Feb 26 10:31:05 CST 2006
On 23/02/06, John Foust <jfoust at threedee.com> wrote:
> At 09:57 PM 2/22/2006, vrs wrote:
> >> >Seconded. ebay and paypal exist for the buyer, not the seller. I had a
> >> >friend sell something online for $80, then take the money out. 2 weeks
> >> >later the buyer claimed that "his computer was taken over by hackers"
> >> >and denied ever buying the item (which was virtual, ie. no physical
> >> >product to ship or track). paypal tore the $80 out of his account,
> Welcome to credit card processing. It favors the customer not the seller.
> It doesn't get any better in real life. If your business accepts
> credit cards, you can bet that you'll be on the hook if the
> transaction is called into question for any reason.
That used to be the case in the UK, I lost around £850 last year on
credit card transactions being questioned and the bank favouring their
side. Now with the Pin system if the pin is correct the retailer gets
the money. The customer should not of disclosed the pin. This going to
cause problems with muggings etc. but the retailer always gets the
It is also a lot slower to process transactions because evey
transaction is approved by the bank. Whereas before they would not be
checked for credit cards if the amount was under £40.
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