Upload & Sell: On
| p.1 #13 · RE: Yesterday's Thread - eBay Canon 5DIII for $2,600 - Was Bogus! |
I recall that, even though the listing was active at the time, all 12 were sold while we still had some ongoing discussions.
I think you are correct. I can understand, though, how Fred may have been concerned with the risks after the thread was reported, and probably didn't have the time to be as involved in minute-by-minute details as we were.
This is the part that I hate. eBay can just delete the transaction, pretend it never happened and leave the poor buyers in the dark.
I would go so far to say that both eBay and PayPal come close to being complicit in fraud, in many cases, because they don't fully police their site, but still try to maintain a reputation as a "safe" site and downplay fraud.
As a specific example, eBay Motors promises that "You are protected for up to $50,000 on this transaction" on a boat for sale, right in the heading.
But when I made a claim, I was told that guarentee only applies to boats that are less than 7 years old - so sorry, you are not covered, case closed in 2 hours!!
Yet year of the boat is one of the criteria fields - "1991" - at the top of the listing. That amounts to at least a negligent, and possibly fradulent claim on their part - that I was protected to $50,000! They could easily not advertise that "protection" if the year of the boat is older than 2005, for example. (OR: "Current Year - 7 > Manufacture Year", which is right in the Vin too.) Because there **was** no $50K protection!
PayPal is even worse, in terms of arbitrary and meaningless decision making, with no recourse, and no concern for customer service.
In the same case above, they closed the claim before I even submitted eveidence. It was only through my credit card company (Chase - thank you!) that I was able to recover $6,000+ taken through fraud. I would be happy to see a class action lawsuit against them (can you say RICO?)
I say this as someone with an MBA, who worked in Finance for 16 years, and helped start an automotive lender as a VP. I also have a 6 Sigma Black Belt - process is everything!