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1. Comment - EBay to cut fraud risk, but only for PayPal payments

   (Jun 28, 2008 - 2:56 PM)

   The truly sad part of it all is simply that eBay and, now since it's ownership of paypal, paypal too.. are most interested in protecting the seller, legitimate or not. Only the sellers butter thier bread. Whether an item sells or not the seller pays. Power sellers keep eBay alive. ebay will overlook the fraud that occurs there and even remove negative feedbacks a month or two down the road when they think nobody is looking anymore. Additionally, seller beware. eBay CAN NOT reliably detect shielding and shill bidding, nor does it's autobidding system work, as it only takes 2 false accounts to overbid any item and retract just before the close and it it completely undetected. Same methods are used to match a reserve price, even though the reserve is deemed the minimum a seller will take. Worse, eBay/paypal now cover purchase amounts to $2000 with talk of lifting this cap, but still will not cover shipping and handling of misleading ventures. There are just too many horror stories here. I have lived through a few and now would not give creedence of any $ amount to buying or selling on eBay in any amount that exceeds what it costs to feed my dog in a month.