Go4Expert.com uses Paypal as one of the payment methods for $1 Daily competition and Monthly Article competition. This is not because it's one of the safest method of payment but we use it because of its Global Acceptance and ease of use. I have been scammed for $xx in Paypal and despite the seller failing to give proof and me giving all the documents for the last 30 days, the dispute did not end in anybody's favor.
This is what has been done to me and the information here is for educational purpose only but I guess Paypal has not educated themselves since even today we can find many Paypal Scam videos on Youtube (some even older than 2 years+ now) on how to rob someone in Paypal and they are still Valid.
Ok So this is how the Seller operated:
You can have a couple of accounts in Paypal. One is Business and other is personal and then you need to find someone like me to give you payment in your personal account. In return you should be giving intangible Good or services to the buyer. Now when someone sends you the money in your personal account you immediately transfer them to the Verified Business account of yours and do not provide the intangible service. And Now let the Dispute begin!
When the dispute starts the only available option for the buyer is to cancel the claim on the Resolution Center of Paypal and add extra information asked by Paypal. This option of adding extra information is very difficult to find. You actually have to use the Contact Us form to update the information which is quite confusing and not very clearly mentioned anywhere.
Now in my case, the Dispute had started and the seller was not able to show the proof of delivery. So he needed to issue a refund. Now he issued a refund from a bank account which did not have any funds to transfer. Now Paypal, shows you the "refund issued status" meaning it would take some days for the bank transfer to go through (4-5 Business Days). Next, for the buyer, the only option available on Paypal is the "Dispute Cancel Button". So there are very high chances that on seeing the refund issued status you will click on it on the Resolution Center.
As I had still some apprehensions and also had a phone conversation with Paypal support I did not click on the Cancel Button. But if you click cancel, the refund will never come and you also lost the dispute.
Status of the Final dispute in my case is
10-Apr-2009 PayPal Refund issued
But I don't see any money coming my way.
Also I see this FAQ in Paypal
Now the question comes as to why does Paypal not support Escrow or even take a step to stop such scams.
I can guess one reason can be having such loop holes attracts a large audience! (meaning customers!)
This is what has been done to me and the information here is for educational purpose only but I guess Paypal has not educated themselves since even today we can find many Paypal Scam videos on Youtube (some even older than 2 years+ now) on how to rob someone in Paypal and they are still Valid.
Ok So this is how the Seller operated:
You can have a couple of accounts in Paypal. One is Business and other is personal and then you need to find someone like me to give you payment in your personal account. In return you should be giving intangible Good or services to the buyer. Now when someone sends you the money in your personal account you immediately transfer them to the Verified Business account of yours and do not provide the intangible service. And Now let the Dispute begin!
When the dispute starts the only available option for the buyer is to cancel the claim on the Resolution Center of Paypal and add extra information asked by Paypal. This option of adding extra information is very difficult to find. You actually have to use the Contact Us form to update the information which is quite confusing and not very clearly mentioned anywhere.
Now in my case, the Dispute had started and the seller was not able to show the proof of delivery. So he needed to issue a refund. Now he issued a refund from a bank account which did not have any funds to transfer. Now Paypal, shows you the "refund issued status" meaning it would take some days for the bank transfer to go through (4-5 Business Days). Next, for the buyer, the only option available on Paypal is the "Dispute Cancel Button". So there are very high chances that on seeing the refund issued status you will click on it on the Resolution Center.
As I had still some apprehensions and also had a phone conversation with Paypal support I did not click on the Cancel Button. But if you click cancel, the refund will never come and you also lost the dispute.
Status of the Final dispute in my case is
10-Apr-2009 PayPal Refund issued
But I don't see any money coming my way.
Also I see this FAQ in Paypal
If the claim is decided in my favor, will I get all of my money back?It would take 30-45 days for the investigation and would get the following response as well.
If this claim is decided in your favor, we can't guarantee a refund. However, we'll make every effort to recover the funds from the seller.
Now if I could have worked with the seller why would I go for a dispute. All Automated mails.
Dear XX XX,
We have concluded our investigation into your case:
Case ID: PP-XXX-XXX-XXX
Transaction Date: 11-Mar-2009
Transaction Amount: -$xx.00 USD
Seller's Email: XXXXXXXX@ymail.com
Seller's Name: XXXXXXXXXXXXX
Unfortunately, we were unable to resolve this claim in your favor because the item purchased was virtual or intangible. As a result, we have not taken any action against the seller at this time but we have noted your dissatisfaction in the seller's record for future reference.
If you still have concerns about this transaction, we encourage you to continue to work directly with the seller for an amicable resolution.
Thank you,
Randy
Protection Services Department
Now the question comes as to why does Paypal not support Escrow or even take a step to stop such scams.
I can guess one reason can be having such loop holes attracts a large audience! (meaning customers!)
