Virtual MMO Currency Trading Crippled By Fraud

Thanks to Terra Nova for pointing to the Gaming Open Market website, home of "the next generation of [MMO] game commodity trading", where there's an announcement that: "Until further notice, Gaming Open Market will be closing its doors to all game currency trading except Second Life." There's more information in a post at the official Second Life forums, where Jamie Hale explains: "Yesterday, I had a user breeze through spending over $3000 USD on [EVE Online] and [Star Wars Galaxies]. Immediately after taking delivery of the ISK and credits, he reversed all the payments, claiming he never received the goods. This is a well-known loophole in PayPal's seller protection policy. Basically, I have no recourse at all. PayPal accepts no form of proof of delivery except physical waybills (UPS, FedEx, etc)."

Comments

Payment? Lessons?

[Anonymous Coward]

The thief emailed us and explained that the goods he stole will be kept as "payment" for the lesson he taught us.

Yep, if a theif is able to steal something, he should be entitled to keep it and go free. I'll try that line the next time I "teach Best Buy a lesson."

Re:Had a friend with the same experience

[drinkypoo]

For $3K, I certainly will do everything in my power to make sure that I or the other party will be ripped off.

I've made some mistakes in my time, but sentences like this one are the reason the "Preview" button was invented.