Paypal should be ashamed of themselves for how pathetic of a job they do with anti fraud.
This holiday season Vietnamese hackers were able to make hundreds of fake black Friday sites like <removed>, and then take thousands if not hundreds of thousands in paypal money and run with it. My wife thought she got some great black friday deals, because if the fraud encouraging paypal trusted seal that anyone can copy and paste on a website. That's also how I know they are Vietnamese, my wife is Vietnamese, and she can identify the name. I had to break her heart and tell her nope, paypal may have been around for a decade now, but they can't catch anyone committing fraud.
Somehow these people were also able to manipulate google shopping, which is how my wife found the prices in the first place. You search on google shopping and you find hundreds of these fake black Friday sites that proudly accept paypal, since it's so easy to setup a fake paypal account and rob people blind. I can see why they use paypal, must be easy. IT really shows you the value of an American college degree, between google and paypal, and all the college educated geniuses that work for them with a masters, a single man from Vietnam who never went to college can still destroy their security. I would give paypal the benefit of the doubt if the email address wasn't blatantly obvious that it was a fake generated free email account. Does paypal honestly have any anti fraud measures, or do they just talk a big game? They can't detect someone using a VPN or proxy when setting up an account? They can't tell that an email address that starts with <removed> is probably fraudulent?
Paypal obviously doesn't care, according to trust pilot, this scam has been going on for months, reported to paypal hundreds of times, and they still sit on their behinds doing nothing. <removed>
I'll be closing my account with this insecure online financial platform. If paypal allows someone to sign up with an email account that has <removed> in it, and allows them to take money with no verification at all, then paypal just isn't a site I trust with any of my financial information.
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