posted on September 25, 2001 07:24:05 AM new
Am I thinking this out correctly? Suppose various seller-users of PP follow the general strategy of emptying their accounts frequently and assigning no authorizations for debiting a bank account or credit card.
Suppose as they fear and are anticipating, they find themselves being hit with an unacceptably large and fraudulent "quality of goods" chargeback, so as they've prepared themselves for, completely close out all contact with PP, listing in huge text, "Do not pay me with PP, you lose your $$ if you do" and so forth.
Suppose such a seller in fact manages to walk away from, say, a multi-hundred, if not thousand, dollar balance to PP, one caused by one major scam by a dishonest buyer. Also suppose many, many sellers are forced to follow this "strategy" due to increasing numbers of shady buyers making such chargebacks and over a period of even a couple of years there seem to have been no repurcussions to the ex-PP users.
Is it a fact, or not, that Pay Pal could, within the statute of limitations for such collections, bundle all such unpaid balances together and sell the debt package at a discount to a collection agency? Is true or not that such an agency, even if not done directly by Pay Pal, could then utterly trash the credit ratings of those former PP users and likely collect the money, plus interest, plus fees, to boot?
posted on September 25, 2001 08:10:57 AM new
Not to mention court actions to include seizure and forfeiture of assets (within legal limits). A debt is a debt and you can not run hide forever.
posted on September 25, 2001 08:25:17 AM new
pyth00n,
Yes, I think that is very possible. PayPay or an agency acting on PayPal's behalf, would first have to get a judgement in court. Until then, I do not believe that they would have any claim to the money, interest or fees. Indivuals can receive their personal credit report by contacting the three major credit bureaus. After reviewing the reports, can dispute fraudulent information that might be contained in the reports.
More and more people are becoming aware of the many problems associated with having a PayPal account. I feel the best strategy is to not use the PayPal service.
posted on September 25, 2001 09:47:43 AM new
roofguy,
I totally agree.
1. PayPal or their agent can not collect with out a judgement from a court.
2. PayPal or their agent can add the unpaid debt to a credit rating, but an individual can dispute fraudulent information that might be contained in the reports.
3. "The best strategy for overall success is to be responsible in life." If there is the potential for problems connected with a service, then it is best to not use that service and find a service that does not have those problems. Seems to me that the very safest method available to sellers would be using a money order through the post office. When fraud occurrs, postal authorities would become involved.
posted on September 25, 2001 10:09:58 PM new
I'm sure we've all seen the buyer's lament. Paypal said I was defrauded but the seller has $0 in the account. The buyer gets no money refunded, can paypal then go after the seller and keep the money? It's been said (and I believe) that paypal has every right to grab the money legally (I don't like the idea of accepting payment to a frozen account). Why is it they just tell a defrauded buyer tough luck? Xcom gave up bank status purposefully when they bought paypal, do they have any reporting responsibility? Is there any oversight at all?
dendude
