My paypal account has got limited. I have used VCC. What to do now?

Discussion in 'PayPal' started by gurumoorthy88, Apr 21, 2008.

  1. eddy2099

    eddy2099 Peon

    Messages:
    8,028
    Likes Received:
    568
    Best Answers:
    0
    Trophy Points:
    0
    #41
    Do you really know what you are talking about ? A scam is one which cheats money and keeps the money to themselves. Paypal does not do that, it is either the buyer or the seller gets the money. If the seller account is limited, he would get the proceeds from his accounts within 180 days of the limitation.

    Of course, if you say that Paypal keeps the money and neither the buyer or seller have access to it ever then of course your argument is correct but that is never the case.

    It is not like e-gold which just closed your account and keep your proceedings without giving you any option to contest the closure. That would be a scam.

    It is probably just like they sided with the wrong party because in the online commercial world, the buyer is always right. The reason is that there is no signature involved and customers needs to be protected. It really just is who provides the most convincing case and like the court of law, the seller must proof beyond a shadow of a doubt that the buyer got the goods.

    Paypal isn't there physically to broker any deal for you, they are merely a facilitator for the transfer of funds. Both the Buyer and Seller have to do their own due diligence on one another. So if you were the paypal and not being there when the deal is done, who are you going to side ? Sometimes in this world, who is right and who is wrong is not clearly visible.

    It is not like I have never got scammed by buyers and sellers through Paypal before. Believe me, it is a constant affair. I checked the Paypal system and they are sound, it is just that I am disgusted by the people who constantly abuse the system which causes Paypal to be a place of theives. I no longer use Paypal to sell things because I am disgusted at the people who uses it.

    I see here that underaged people signing up for paypal, people with bad credit history, people who are from unsupported countries, people who don't give a damn and just want to use fake ID, people who sell their identity so freely via photoshopped documents and selling VCC, people who just advocate frauds and sadly all that I see was from Digitalpoint. If that is the indication of the kind of people who uses Paypal, I would say that the people here are bad.

    What makes a place sound or not depends majorly on the members who uses them. If members uses fake documents, abuse the system and all that, do you blame the members or the system ?

    Look at it this way :-

    1) If the deal goes through with no dispute, paypal earns about 3% (before charges)

    2) If seller withdraw the money and buyer issues a chargeback, Paypal losses the fees and has to cough out of pocket the fees + all the money that the seller withdrawn (Paypal losses not just the 3% but the 97% which the buyer collected.)

    3) If buyer disputes, Paypal losses the fees that they could have earn.

    The only situation where paypal keeps your money is if you provided fake address and identity can cannot withdraw anything but that is account holders fault.

    In all the situations apart from the member using fake info, Paypal does not keep anything. How can this be considered a scam ? By returning the money to the buyer or seller (for whatever reasons), it would not be in the favor of paypal because it would lose the 3% fees which they would have earned.
     
    eddy2099, Apr 28, 2008 IP