Mar 29, 2010

Internet Fraud

I usually don't post personal information, but I want to give you a heads up about possible Ebay fraud. I have been an Ebay seller since 1999, and in thousands of transactions, I have only been screwed twice- once with a bounced check and once when a seller only sent half the items I bought. On Saturday, I was hit with a bad one. Among the things I am selling, I have several domain names (this one was A8M.COM).

An Ebay buyer purchased the domain name on Saturday for $1250.00. They sent the payment immediately via PayPal and we actually used some of that money for purchases.Since everything matched (name, verified address, etc.) I transferred the domain name  to the Ebay buyer's GoDaddy account. 

On Monday morning, I received a notice from Ebay that the auction had been reversed due to a hacker illegally using the buyers Ebay account. His PayPal account was hacked as well, so the payment funds were removed from my received funds. Unfortunately for me, I used some of the money immediately, and now I am in debt to PayPal. As it turns out, even the GoDaddy domain account IN THE EBAY BUYER'S NAME with the correct name and address was a fake account used to trick me into making the transfer.

GoDaddy is telling me that there is nothing they can do to return my domain name to me, even though the transaction was based on fraudulent information

Please understand- I love Ebay and PayPal. This incident just shows the risks of identity fraud and the problems it can cause if you are a victim.

1 comment:

  1. That seems unfair-I thought Pay-Pal guaranteed those funds!

    ReplyDelete