PayPal, The Useless Middle-Man

The sad fact is that scammers are well aware that they can use stolen/hacked PayPal accounts to purchase goods. They are also aware that they can fund their PayPal account with a credit card and that PayPal will always side with the buyer in any dispute scenario. PayPal sides with the buyer because they know that the buyer can do a charge back claiming their PayPal account was hacked and PayPal will loose the dispute every time. So PayPal rarely tries to fight on behalf of the seller anymore. This fact is evidenced by the countless thousands of similar complaints that are registered every month on numerous forums, PayPal complaint sites, blogs, etc.

With a real merchant account, your purchasers will pay you direct with their credit card. The user must have the card in hand as they will be required to verify the CVV2 number on the card, as well as the billing address and expiration date. This will significantly reduce the number of charge backs because it will eliminate the possibility of being paid by PayPal, which is a system that removes merchant protections long established by visa and MasterCard.

Unfortunately, PayPal has become a magnet for fraud. Their system makes it very easy for fraudsters and thieves. There are countless reasons why PayPal is a useless middle-man for merchants and consumers. These are just a few.

Posted: August 5, 2012 at 2:20 pm


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2 Responses to PayPal, The Useless Middle-Man

  1. Causeforchange says:

    THIS SHOULD BE A REQUIRED WARNING LABEL THAT COMES WITH EVERY PAYPAL ACCOUNT. PAYPAL CERTAINLY DOES NO MENTION OF THIS WHEN YOU SIGN UP WITH THEM. WE ALL HAVE TO LEARN THE HARD AND EXPENSIVE WAY WHEN USING PAYPAL. OH HOW I WISH I HAD KNOWN THIS ABOUT 2 YEARS AGO, WOULD HAVE SAVED ME THOUSANDS OF DOLLARS AND FRUSTRATION BEYOND ANYTHING I HAVE EVER DEALT WITH. THANK YOU!

  2. Jerry Mecham says:

    I’m no seller but a buyer.
    I disagree that PayPal protects only the buyer. Paypal is an IMPERSONAL WALL THAT PRETENDS TO BE A SERVICE BUT IS NOT.
    Example: The seller can be a pirate firm, another Hong Kong pirate receiving money on smaller items but offering nothing in return. Then when the buyer, such as I find experienced 3 times, finds the money gone out of the bank account but seeks PayPal ‘protection’ at their website, the buyer faces A WALL OF USELESS QUESTIONS that lead into circles, frustration, and the buyer having to go back to their own bank so to have a dispute resolved. Pirate firms, looking at volumes made on smaller goods, can view PayPals flaws and seek out opportunity. Ditto with Ebay. Ebay can state: ‘Experienced seller’ but SO WHAT! The ‘experienced seller’ could be an experienced pirate who, shooting the averages, considers that most buyers suffering PayPal and Ebay frustration will sacrifice dollars on smaller payments and simply walk away when no satisfaction is offered by the pirate. I’m troubling with an empty transaction with a third Hong Kong pirate experience presently. With all the inexpensive small goods manufactured in China, Hong Kong pirates are ever ready to make a meal out ‘would be’ traffic to Western buyers.

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