Monday, August 3, 2009

craigslist and paypal-a scammers paradise?


I have been trying to sell this projector that I have. It’s the nice kind that you can use a computer with, in high definition. Nobody seems to want it though. So I changed the pitch a few times and have gotten better responses. Seems people near(ish) and far(as germany) really want to buy it and are really hip on using PayPal.
Some have even gone as far as to offer up to an extra $200 if I ship it to them and conduct business via PayPal.
WOW!
That is what I thought to myself at first, but soon logic took over and I wrote the standard email about how I would rather do business vis-à-vis. I also tell them what number they are in the line of scammers to have contacted me so far. I am currently up to eleven. (I get a kick out it)
For all I know, some of these could have been legit offers.
On the other hand,they could have been total BS with PayPal as their tool for gaining your goods and leaving you holding the bag.
Join me as I investigate the world of PayPal, their policies and how scammers can use them against you.

part one:Craigslist

Turns out this is a pretty common story,but what amazes me is that someone would actually go through with the transaction~even when craigslist strictly warns against this.

The best policy here is simply to not conduct business, of course.But what happens if you do?What can you expect?

1.Most likely, a stolen credit card is involved

2.This card is used to send a payment via PayPal

3.They will want the item shipped to a non-confirmed address.

4.Anywhere from 1 to 3 months later, the credit card company requests a chargeback on the unauthorized charge

5.You are out your item. (in my case it would have been a projector)

So you see, the thing to do is to either ignore these people or reply and make fun of them. (I chose the latter...)

Now step four is where things can get really sticky and I will cover that in my next installment of my series!

Come back here or go to our home site to read Part 2: the dark side of PayPal

Thank you for reading,

Mel
reviewteammagazine.com