I've not only cancelled it, I've asked my credit card and bank to restrict them. After reading all these bullshits that they pull, I'm watching my money!
IN CASE THEY GO BANKRUPT! I heard their lost will be over 125MM and they need an IPO to take in 80MM. What happens if they don't get the IPO in today's volatile market? I'M NOT TAKING MY CHANCES.
EXACTLY! I am having the same problem, as a buyer. A felon sold me pirated software that do not work. I notified authorities right away. Unfortunately, PayPal has not done their investigation and refuses to do so. They are harboring criminals and their illegal activities. Why? The company's main interest is to collect their 2.9% on fees. I will never use PayPal again. They do not offer fraud protection, they only claim they do. It is a false claim!!!!
PayPalDamon and his cronies' job is to spread propaganda and make users, with legitimate gripes about PayPal's shady business tactics, look stupid.
If PayPal's security system is so great, why did it get hacked? Why did PayPal accidentally freeze so many innocent user accounts if its Fraud Detection system is so great? Maybe it is because their CTO, a stupid 23 year old kid, did not know how to program in SQL so he messed up some codes and selected the wrong accounts in his BRILLIANT FRAUD DETECTION ALGORITHM?
PayPal is lame and offers consumers NO protection. A seller can ship you a piece of crap, and as long as that seller ships just anything to you, PayPal will state "We are not responsible for the quality or attributes of the goods received." They basically protect criminals.
Ironically, PayPal states that it does not tolerate fraud. This is a lie. In fact, PayPal harbors criminal and would much rather collect on your 2.9% than to refund buyers who have been defrauded.
More ironically, PayPal suggest you contact the seller, who has just scammed you for your money and will never ever respond to you again.
PayPal has the power to reverse the charges and put a lock on all criminal activities easily. But they refuse to do so even when they are the only witness to the transaction. Why? Because they would rather help the criminals collect your cash, so that they can earn their 2.9% fee. Better yet, after PayPal refuses to refund the victim, they will seize the seller's account and keep the money for themselves.
Ladies and gentlemen, this is the real PayPal. They have no customer support and no fraud protection at all (if they say they do, they are lying as usual). PayPal is a privately held company (LLC), NOT FDIC insured, and they can go out of business, like their parent company x.com, without telling you where your money is.
After being scammed by a felon for $608.50, I still do not know where my funds are within PayPal. But let me give you a couple of scenarios:
SCENARIO A. PayPal has sent the money to the felon and stopped all investigation
Big Winner: Felon - He got my money
2nd Winner: PayPal - They got 2.9% from the felon
Big Loser: Consumer - Lost all the money
PayPal is harboring this criminal to do business on the Internet for a 2.9% gain. I have provided substantial proof and evidence that the felon has sold me pirated software that do not work, merely a bunch of junk. Despite PayPal's power to reverse the funds due to fraud, PayPal does not care because they state that I received the "junk". As long as I received the "junk", it is my duty to settle it with the seller, who has ignored me since he ran off with my money.
Benefit to Future Criminals: Criminals can collect money by sending junks to buyers. As long as they send something, even a piece of rock, PayPal will defend them and harbor these criminal activities. They will not reverse the charge and take the money from the felon's account and refund the customer. By doing so, they are harboring criminals and encouraging illegal activities.
SCENARIO B. PayPal has locked the money and frozen the felon's account, but will not refund the buyer.
Big Winner: PayPal - They got my money and all of the felon's money, including 2.9% on my transaction
Big Loser: Consumer - Lost all the money
2nd Loser: Felon - His account is frozen with more cash than just my stolen money
I cannot verify whether PayPal has frozen the criminal's account. PayPal will not specify. In this scenario, PayPal is the master criminal. If they refuse to return my money and release the felon's account, where do you think the money is going?
In both scenarios, the consumers are the big losers and PayPal is at fault. If anyone with power, be it the media or federal regulators, is smart enough to figure out what is going on here, please do something! This is an outrage! How can anyone turn a blind eye to fraud???
I have just been scammed by a seller for $608.50. The seller committed a U.S. FELONY by selling me pirated software, which he claims was genuine. I verified the authenticity of the software with the original maker, and officials of the company confirmed that the product I purchased are both illegal and non-working. This to me is the same as non-receipt of the product. I tried numerous times contacting the felon for a full refund, but to no avail as he now ignores me. This felon is continuing to sell the pirated software on Ebay at http://cgi6.ebay.com/aw-cgi/eBayISAPI.dll?MfcISAPI Command=ViewListedItems&userid=visteoninc&include= 0&since=30&sort=3&rows=200
I have warned all the winners of the auction already. When I filed a complaint via PayPal's Buyer Complaint Form, this is what I got in the reply:
"PayPal has concluded the investigation of your Buyer Complaint. Case Number:259556 Transaction Date: 11/24/2001 4:54:00 PM Transaction Amount: $608.50 Seller's Email: visteoninc@usa.net Seller's Name: Michael Bruhl PayPal's Buyer Complaint Policy does not apply to disputes about the attributes or quality of goods received. As a result, we cannot reverse the transaction or issue a refund. We encourage you to continue to work directly with the seller for an amicable resolution. PayPal does not tolerate fraud or illegal activities."
PayPal suggests I contact the felon, even though I have told them specifically that the felon is not responding and has not responded since he took my money. Furthermore, PayPal makes an ironic statement -- "PayPal does not tolerate fraud or illegal activities". What attributes of PIRATED SOFTWARE, that does not work, sold to an unsuspecting consumer is not a fraud? By not recognizing that this felon has committed fraud against an innocent consumer, PAYPAL IS HARBORING CRIMINALS AND THEIR ILLEGAL ACTIVITIES.
Many of us may ask, why are there no regulations against PayPal? Because PayPal is privately held (LLC), they are not subject to the same federal regulations as bank. This means the PayPal can declare bankruptcy and no one will ever know what happens to your money.
I want to encourage legitimate banks to come into PayPal's space. They are the natural heirs of of e-currency and they can definitely offer customers better support and fraud protection. PayPal was programmed by an inexperience 23 year old script kiddy who has no knowledge of real programming. That is why they were hacked. That is why many of the members also had their accounts frozen. We need a real company that is FDIC insured to take over this space.
I want to warn the entire auction community to avoid PayPal. I have never been more upset at a company for incompetence and negligence.
Slashdot Mirror
I've not only cancelled it, I've asked my credit card and bank to restrict them. After reading all these bullshits that they pull, I'm watching my money!
IN CASE THEY GO BANKRUPT! I heard their lost will be over 125MM and they need an IPO to take in 80MM. What happens if they don't get the IPO in today's volatile market? I'M NOT TAKING MY CHANCES.
So you are saying PayPal keeps the money, even after they prosecute the criminal? That money belongs to the consumer.
Thank you for sharing. THIS IS HORRIFYING!!!
Are those virtual ppl or do they really exist? All their names don't happen to be Damon, eh?
My god!!!
EXACTLY! I am having the same problem, as a buyer. A felon sold me pirated software that do not work. I notified authorities right away. Unfortunately, PayPal has not done their investigation and refuses to do so. They are harboring criminals and their illegal activities. Why? The company's main interest is to collect their 2.9% on fees. I will never use PayPal again. They do not offer fraud protection, they only claim they do. It is a false claim!!!!
PayPalDamon and his cronies' job is to spread propaganda and make users, with legitimate gripes about PayPal's shady business tactics, look stupid.
If PayPal's security system is so great, why did it get hacked? Why did PayPal accidentally freeze so many innocent user accounts if its Fraud Detection system is so great? Maybe it is because their CTO, a stupid 23 year old kid, did not know how to program in SQL so he messed up some codes and selected the wrong accounts in his BRILLIANT FRAUD DETECTION ALGORITHM?
PayPal is lame and offers consumers NO protection. A seller can ship you a piece of crap, and as long as that seller ships just anything to you, PayPal will state "We are not responsible for the quality or attributes of the goods received." They basically protect criminals.
Ironically, PayPal states that it does not tolerate fraud. This is a lie. In fact, PayPal harbors criminal and would much rather collect on your 2.9% than to refund buyers who have been defrauded.
More ironically, PayPal suggest you contact the seller, who has just scammed you for your money and will never ever respond to you again.
PayPal has the power to reverse the charges and put a lock on all criminal activities easily. But they refuse to do so even when they are the only witness to the transaction. Why? Because they would rather help the criminals collect your cash, so that they can earn their 2.9% fee. Better yet, after PayPal refuses to refund the victim, they will seize the seller's account and keep the money for themselves.
Ladies and gentlemen, this is the real PayPal. They have no customer support and no fraud protection at all (if they say they do, they are lying as usual). PayPal is a privately held company (LLC), NOT FDIC insured, and they can go out of business, like their parent company x.com, without telling you where your money is.
YOU HAVE BEEN WARNED ABOUT PAYPAL
After being scammed by a felon for $608.50, I still do not know where my funds are within PayPal. But let me give you a couple of scenarios:
SCENARIO A. PayPal has sent the money to the felon and stopped all investigation
Big Winner: Felon - He got my money
2nd Winner: PayPal - They got 2.9% from the felon
Big Loser: Consumer - Lost all the money
PayPal is harboring this criminal to do business on the Internet for a 2.9% gain. I have provided substantial proof and evidence that the felon has sold me pirated software that do not work, merely a bunch of junk. Despite PayPal's power to reverse the funds due to fraud, PayPal does not care because they state that I received the "junk". As long as I received the "junk", it is my duty to settle it with the seller, who has ignored me since he ran off with my money.
Benefit to Future Criminals: Criminals can collect money by sending junks to buyers. As long as they send something, even a piece of rock, PayPal will defend them and harbor these criminal activities. They will not reverse the charge and take the money from the felon's account and refund the customer. By doing so, they are harboring criminals and encouraging illegal activities.
SCENARIO B. PayPal has locked the money and frozen the felon's account, but will not refund the buyer.
Big Winner: PayPal - They got my money and all of the felon's money, including 2.9% on my transaction
Big Loser: Consumer - Lost all the money
2nd Loser: Felon - His account is frozen with more cash than just my stolen money
I cannot verify whether PayPal has frozen the criminal's account. PayPal will not specify. In this scenario, PayPal is the master criminal. If they refuse to return my money and release the felon's account, where do you think the money is going?
In both scenarios, the consumers are the big losers and PayPal is at fault. If anyone with power, be it the media or federal regulators, is smart enough to figure out what is going on here, please do something! This is an outrage! How can anyone turn a blind eye to fraud???
I have just been scammed by a seller for $608.50. The seller committed a U.S. FELONY by selling me pirated software, which he claims was genuine. I verified the authenticity of the software with the original maker, and officials of the company confirmed that the product I purchased are both illegal and non-working. This to me is the same as non-receipt of the product. I tried numerous times contacting the felon for a full refund, but to no avail as he now ignores me. This felon is continuing to sell the pirated software on Ebay at http://cgi6.ebay.com/aw-cgi/eBayISAPI.dll?MfcISAPI Command=ViewListedItems&userid=visteoninc&include= 0&since=30&sort=3&rows=200
I have warned all the winners of the auction already. When I filed a complaint via PayPal's Buyer Complaint Form, this is what I got in the reply:
"PayPal has concluded the investigation of your Buyer Complaint. Case Number:259556 Transaction Date: 11/24/2001 4:54:00 PM Transaction Amount: $608.50 Seller's Email: visteoninc@usa.net Seller's Name: Michael Bruhl PayPal's Buyer Complaint Policy does not apply to disputes about the attributes or quality of goods received. As a result, we cannot reverse the transaction or issue a refund. We encourage you to continue to work directly with the seller for an amicable resolution. PayPal does not tolerate fraud or illegal activities."
PayPal suggests I contact the felon, even though I have told them specifically that the felon is not responding and has not responded since he took my money. Furthermore, PayPal makes an ironic statement -- "PayPal does not tolerate fraud or illegal activities". What attributes of PIRATED SOFTWARE, that does not work, sold to an unsuspecting consumer is not a fraud? By not recognizing that this felon has committed fraud against an innocent consumer, PAYPAL IS HARBORING CRIMINALS AND THEIR ILLEGAL ACTIVITIES.
Many of us may ask, why are there no regulations against PayPal? Because PayPal is privately held (LLC), they are not subject to the same federal regulations as bank. This means the PayPal can declare bankruptcy and no one will ever know what happens to your money.
I want to encourage legitimate banks to come into PayPal's space. They are the natural heirs of of e-currency and they can definitely offer customers better support and fraud protection. PayPal was programmed by an inexperience 23 year old script kiddy who has no knowledge of real programming. That is why they were hacked. That is why many of the members also had their accounts frozen. We need a real company that is FDIC insured to take over this space.
I want to warn the entire auction community to avoid PayPal. I have never been more upset at a company for incompetence and negligence.