Quote:
Originally Posted by madlex
Is that true? AFAIK there's no "buyer protection" or transfer disputes on PayPal if you don't buy anything but do the friends and family transfer option. I might be wrong though.
paypal is commonly used to scam
you can do a transaction and then they can contest it later
even if you had already moved the money out of paypal, they'll just deduct it from your bank
very similar to the scam where people write a bad check for 10k, saying they don't have a bank but if you cash it for them you can keep $100, they cash it, hand the guy $9,900, two weeks later the check bounces and their bank account is -10k
it's much more difficult to scam on paypal if it's via the friends and family option but still possible - it's incredibly easy if they do it as a vendor
the one time it happened to me, the guy just wanted like $20 to take a cab home because he was busto, i agreed because at worst i'm out $20 and if he's telling the truth then he really does need that money to get home from the casino (this was before uber was a thing so obviously a while back)
as he's getting ready to send, i'm telling him to do it via friends and family, he doesn't, claims he fat fingered it and says "no big deal, I have a few bucks in change in I can give you back to cover that fee" i instead refund it and tell him to try again without the fee as that's silly - he suddenly lost interest in dealing with me and acted offended "why you gotta be bish over a few dollars" and went to someone else who agreed to spot him the money in exchange for paypal again he does the business vendor option
never see that guy again, next time I see the guy who gave him the $20, he apologizes to me, says he couldn't believe that guy would actually scam $20 when he was just trying to get home after losing like 3k but sure enough the next day he got a notice from paypal that the payment was disputed and taken away
i can't speak for the other apps, but do not use paypal amongst people you don't trust
frankly, am surprised venmo doesn't have dispute options given paypal is their parent company so that is surprising