ACK fraud (1 Viewer)

[Philip_G]

so I'm watching a movie, and paypal calls me on the phone. I guess some dude that won an auction of mine sent me $ through paypal and funded it with fraudulant funds so they reversed the transaction. Luckily I hadn't shipped the item ($290 worth) or I'd be out the money.. Be carefull of that with paypal, I'd heard of people getting ripped off that way, and you never think it'll happen to you...

 

[DonnyD]

So that is why persons receiving paypal payments are now waiting a couple of days before shipping....

It is such a shame tht there are some persons out there who figure a way to bamboozle.. heck, I spend my time trying to fund the fund that funds my paypal account....

 

[alan halvorson]

So, how does PAYPAL know that they're fradulent funds?

 

[Philip_G]

So, how does PAYPAL know that they're fradulent funds?

I would imagine the credit card company stopped the payment