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Registered: 2004-11-08
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PayPal offers no protection. DON"T BE FOOLED!!
I have had a chargeback claim made against goods supplied. Proff was supplied, and then it turns out the customer never contacted their CC company (and through to PP as I was building up my PP balance)
The customer was contacted by someone at PP, refuted it, said they had received the goods, yet the whole chargeback process was followed through. I wait for my money and PP refuses to launch an internal investigation, hiding behind some claim that it came from the CC company (it did not according the my customer) and therefore was covered by US federal laws (the same ones I guess that protected everyone from the Prime Mortgage meltdown...)
Bottom line - you are probably as safe emailing someone your CC details as using PayPal
in response to Matte...
i buy a lot of stuff from eBay...4 times in 2008 i had to file claims through PayPal for items not received (including a $1600 laptop) and each time PayPal was able to recover my funds.
Plus I apreciate the fact that I only have to give 1 person, PayPal, my credit card info and not have to hand it out like candy everytime i go buy something through a new online retailer. The fewer places have my credit card info, the better in my eyes.
Granted, there's things about PayPal i do not like (high fees, terrible exchange rates, etc), but as buyer i feel more protected using PayPal than anything else.
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