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Re: OT: Zeiss 50mm Sonnar lens stolen on eBay

2007-04-10 by Rick Colson

Jane wrote:

"Never, EVER, ship something until the money is (a) in your paypal
account, or (b) in your checking account officially - if you get a
money order or a cashier's check, wait for it to clear."

Hi Jane - Just want to correct something important here. Just because the
money is in your PayPal account or even transferred from PayPal to your
checking account DOESN"T mean that it's secure. PayPal will recover funds
from fraudulent transactions by withdrawing money from your PayPal account
or from your linked checking account. This can happen weeks or even months
after the fact. When you provide PayPal with a checking account to link to
they have the right to make deposits to and withdrawal from that account as
they see fit!! The only way around this is to create a checking account
specifically designed to accept PayPal transfers and then withdraw the funds
completely upon receipt. On bigger transactions that's what many serious
Ebayers do. This must be the ONLY account linked to PayPal. Even then,
PayPal will pursue collections for these funds. Remember, neither PayPal nor
Ebay is your "friend."

Rick

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