Scam on ebay with buying bitcoins
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Hi there,
I m a new seller on ebay and i sell bitcoins,
the following occured on the first day, i sell 5 items and within 2 hours two different people
open a claim on unauthorized use of their accounts after they received the bitcoins from me.
Paypal takes the money on hold and start a 'investigation' so they call it.
I uploaded all info i got from the buyer like bitcoinadress messages like thank you i received the bitcoins etc.
After a few days first case get s closed and they took the money and give it back to the buyer which also has my bitcoins.
So know im **bleep**, i started my own investigation and after a few minutes tracking the bitcoins where they went
i found out both the different people send the bitcoins to the same adress so or they know each other and work together
or the 2 persons are just one person.
Paypal does nothing else then protecting the buyers (scammers) and just take my money and give me the responsibillty
that someone else losses his passwords or gets hacked ' or just scams '
If you have the same thing happend to you please let me know
i have a screen with over 15 payments from sellers to those two people maybe we can stand together to get our money back from paypal.
And i hope someone can help me figuring out to prevend people from scamming me this way.
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Ugh it's so ridiculous. Honestly PayPal are the ones that need to figure it out, eBay doesn't ever seem to be the one that restrains any funds in this method of fraud. I'm currently still fighting (over a month now) three cases by the same individual for a total of over $5k. I'm curious how did you beat the one case you mentioned? I've lost 2 of 3 cases already but I called and appealed them back open again. My sales were from LocalBitcoins so I thought I was safe, guess not. The only thing I'm hoping for is that on LBC the user had scammed other PayPal users in the same fashion and they left feedback regarding it so I've sent that off to PayPal in the hopes it would help prove hes **bleep**. Hoping maybe you can shed some light on what you did to beat the one case of yours, as well if there's anything you'd like to ask me if you think I can help you beat your case as well I'd be happy to help.
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If you are interested in selling Bitcoin safely then sites like LocalBitcoins and Paxful are the way to go, they are dedicated marketplaces specifically for Bitcoin sales via a plethora of purchase options. I'm not sure about Paxful because I haven't sold there personally, though I have friends that have and attest to its legitimacy. Both sites use an escrow system for payments, and being a seller you basically control the ultimate decision whether or not the buyer gets any conis or not. In theory they have a pretty good system down, so as long as you have your wits about you and don't let anybody smooth talk their way into you releasing the coins before you receive payment then you have nothing to lose.
My mistake was noticing that there was the option to accept PayPal as a receiving payment option... I like to use PayPal and honestly have never had a problem with them that wasn't handled appropriately until now. I like the fact that I can see the payments that have been made, the very moment they are made. I don't like having to wait and hope either this or that happens and then I get my money; I like quick, seamless, PayPal lol. My false assurance in this system is what caused my downfall. I saw the funds had arrived, and thought "Good to go!" when that's just that false sense of safety. If you aren't completely dissuaded from selling any Bitcoin still I would be down to do business in whatever way you feel comfortable with. If interested just look up my username on LocalBitcoins, I have the same username there as well.
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I feel your pain. In the cases I suffered of charge backs one I wonder if it was a chancer the others were genuinue cases of the persons eBay / PayPal account being hacked. Either way the seller always seems to be at fault. eBay indicate that as a seller you should be covered but in practice PayPal don't provide any protection in this situation from my experience at least. I have since sold Bitcoins on Localbitcoins without such issues although I now do view PayPal transactions in a very different light when not selling a product which can be posted and insured by a courier.
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FRAUD ! I agree I reported a few users on ebay that scammed me in the same way. Ebay does not have respect for long therm members like myself and did not protected me. I lost money as you described. I even complained below to ebay reporting the buyers with no result.
''this buyer is a scammer along with others that are using the opportunity ebay gave them to gain cryptocurrency and reverse the payment using means like reporting that they have not used they account. I have been a member of ebay for many years and never came across this type of reasons to avoid the payment after the items sent. Very clever. I feel very insulted by ebay to allow it to happen to me as a long therm member. I lost about 100 pounds in the last 2 days being cheated by this user and a few other using exactly the same tactic. I am reading now on google of many other victims of this scam that ebay is allowing to be happening despite multiple reports of the same fraudulent practices''
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What annoys me most is that in practice one of the true benefit of Bitcoin is the blockchain and public ledger of transactions. We can prove that we carried out our transactions in good faith. Just as eBay pick up delivery tracking numbers there could be a field to capture the target bitcoin address and from this an inbuilt API confirm the bitcoins had been sent/received. Thing is then in such cases of fraud us sellers might be covered and PayPal/eBay lose out and have to accept that it is their poor account protection in not forcing 2 factor authentication or that eBay and PayPal accounts can't be linked or have the same password etc etc to avoid this happening.
Like many of you I have now lost faith in PayPal after their treatment of me as an eBay seller since 2002. I know that over the next few years I could be hit by further charge backs going back years and further pain in trying to resolve these issues.
PayPal learn from Bitcoin, evolve, develop and help tackle cyber crime or go the way of the dinosaurs!
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