Paypal Secure?

clookid · 03-22-2007

Hey everyone,

It is beginning to come to my attention that people are charging back payments for absolutely no reason! Generally, items have been given but Paypal just ticks through the list and rewards the money back to it's original owner.

I feel that this is a little too insecure as everyone could just charge back payments and having an actual dollar in your Paypal account could be worth millions! I know that if they were to take away charge backs, it would be even more insecure but it is just worth thinking about a little!

Kind regards,
-Clookid

smilemaker · 03-22-2007

first of all internet business goes all on trust! so you have to take risk and as i said in other post people only deal with those people whom they trust if its large amount and u can only claim maximum three chrgebacks a year!

clookid · 03-22-2007

Yes, I suppose! I mean, the administrator of this site for example... Is a well reputed member at Digital Point, if he was a member with an iTrader of 0 then I am sure that many people would not do business with you.

It is hard to get started, I will say that much!

katalyst · 03-27-2007

Yes , you have mentioned a good point but nothing can be done about it . all you can do is to make sure that you are dealing with a right person . If you are dealing with some one whom you found on a forum then always look for the reputation / Itrader of the person .

**louj** · 03-28-2007

Definitely, not only buyers are being scammed right now, even merchants as well. But I do think it is very much unfair in the sellers part as paypal tend to go to the side of the buyer in times such as a chargeback is being processed.

joecool6101 · 03-29-2007

i think that paypal could also give a few more options to the sellers when they have a charge back. I can definatly understand it would be very hard for paypal to do anything as its a hard choice to make because they dont know what the real truth is and they do the best they can. If they added more features to sellers like i said then it could take away from the buyer needing what is done right.

What do you suggest they do?

Zinger · 03-29-2007

Paypal has a limit on the amount of chargebacks you can claim i believe it is 3 a year. I also think if you are using alot of money you should just meet the person instead of putting all your trust on the internet.

**rant** · 03-29-2007

Yes, you can only have a chargeback 3 times a year. So I think that is one way paypal also secures the sellers or merchants that uses their service. I think they should still come up with something more secured though.

IrDA · 04-28-2007

If you are afraid of chargebacks then use escrow service for wire transfer so that both buyer and seller are protected. Fees is little high but its worth it.

spartan · 05-01-2007

Yes . if the funds are not safe then , surely transactions will be made with lot of fear , there must be some or the other alternative for this . i need to find out very soon

03-22-2007	#1 (permalink)
clookid Senior Member Join Date: Mar 2007 Posts: 100 Rep Power: 2	Paypal Secure? Hey everyone, It is beginning to come to my attention that people are charging back payments for absolutely no reason! Generally, items have been given but Paypal just ticks through the list and rewards the money back to it's original owner. I feel that this is a little too insecure as everyone could just charge back payments and having an actual dollar in your Paypal account could be worth millions! I know that if they were to take away charge backs, it would be even more insecure but it is just worth thinking about a little! Kind regards, -Clookid

04-28-2007	#9 (permalink)
IrDA Senior Member Join Date: Apr 2007 Posts: 275 Rep Power: 2	If you are afraid of chargebacks then use escrow service for wire transfer so that both buyer and seller are protected. Fees is little high but its worth it. __________________ No Siggy

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03-22-2007	#2 (permalink)
smilemaker Member Join Date: Mar 2007 Posts: 43 Rep Power: 0	first of all internet business goes all on trust! so you have to take risk and as i said in other post people only deal with those people whom they trust if its large amount and u can only claim maximum three chrgebacks a year!

03-22-2007	#3 (permalink)
clookid Senior Member Join Date: Mar 2007 Posts: 100 Rep Power: 2	Yes, I suppose! I mean, the administrator of this site for example... Is a well reputed member at Digital Point, if he was a member with an iTrader of 0 then I am sure that many people would not do business with you. It is hard to get started, I will say that much!

03-27-2007	#4 (permalink)
katalyst Junior Member Join Date: Mar 2007 Posts: 20 Rep Power: 0	Yes , you have mentioned a good point but nothing can be done about it . all you can do is to make sure that you are dealing with a right person . If you are dealing with some one whom you found on a forum then always look for the reputation / Itrader of the person .

03-28-2007	#5 (permalink)
louj Banned Join Date: Mar 2007 Posts: 139 Rep Power: 0	Definitely, not only buyers are being scammed right now, even merchants as well. But I do think it is very much unfair in the sellers part as paypal tend to go to the side of the buyer in times such as a chargeback is being processed.

03-29-2007	#6 (permalink)
joecool6101 Senior Member Join Date: Mar 2007 Location: On, Canada Posts: 250 Rep Power: 2	i think that paypal could also give a few more options to the sellers when they have a charge back. I can definatly understand it would be very hard for paypal to do anything as its a hard choice to make because they dont know what the real truth is and they do the best they can. If they added more features to sellers like i said then it could take away from the buyer needing what is done right. What do you suggest they do?

03-29-2007	#7 (permalink)
Zinger Junior Member Join Date: Mar 2007 Posts: 10 Rep Power: 0	Paypal has a limit on the amount of chargebacks you can claim i believe it is 3 a year. I also think if you are using alot of money you should just meet the person instead of putting all your trust on the internet.

03-29-2007	#8 (permalink)
rant Banned Join Date: Mar 2007 Posts: 106 Rep Power: 0	Yes, you can only have a chargeback 3 times a year. So I think that is one way paypal also secures the sellers or merchants that uses their service. I think they should still come up with something more secured though.

05-01-2007	#10 (permalink)
spartan Junior Member Join Date: May 2007 Posts: 15 Rep Power: 0	Yes . if the funds are not safe then , surely transactions will be made with lot of fear , there must be some or the other alternative for this . i need to find out very soon

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