Why do scammers steal so much money when they know paypal is going to take it back off them?

[shylo_876]

It doesnt make sence.
I have seen many scammers selling loads of underpriced items.
Say a $1000.00 nickon camera and then only sell theres for $500.00

Heaps of people buy them of them, and then BAM! 1 or 2 days later there account has been suspended and every one is leaving negatives and opening cases with paypal to get there money back.

So what is the point.
The scammers know that paypal will come after them and will take the money from there bank and make the banks chase them for there debt, Its in the paypal agreement when you sighn up.

Whats the deal?

[*sparklz*]

A lot of these "sellers" are only after email addresses to then send scam emails in the hope people will click on the link in the emails thus giving the scammers passwords to the recipients accounts.

These scam emails look like they are from paypal or ebay, so this is why you never click on any links in emails and more so if they say if you believe this email to be in error click on the link as you will be asked to enter your ID and password and this then gives them access to your accounts.

[shylo_876]

so they will sell you an item and then send it?
Or sell you and item and not send it?
Or do both and also send you an email?

[zelly888]

No they wont send you the item but you will most definately receive an email from them that will look like it has come from Ebay or PayPal so don't click on any suspiciuos emails

[digital*ghost]

---

@shylo_876 wrote:

Whats the deal?

---

There's obviously a pay-off in it for them, otherwise the practice would die out pretty quick.

As mentioned, sometimes they just want to farm information. If you buy and pay for something, the seller suddenly has a lot of details to work with and/or sell on to other scammers. That is, eBay ID + name, address (residential or postal), phone number and email address. That kind of information can be used to formulate convincing (enough) phishing or spoof emails designed to get more information and access to sensitive accounts.

Of course, some people pay for such items by bank deposit, too, which is nigh on impossible to recover.

[thesoulyearns]

---

@digital*ghost wrote:

---

@shylo_876 wrote:

Whats the deal?

---

 

Of course, some people pay for such items by bank deposit, too, which is nigh on impossible to recover.

---

digital*ghost, why would an item that's paid by bank deposit be harder to get back than an item paid through PayPal but funded by your bank account?

[digital*ghost]

A bank deposit payment is unprotected - there is no claim process (let alone one like PayPal's) to recover a bank deposit payment if something goes wrong. PayPal's protection applies to all eligible payments no matter how they are funded. 

[thesoulyearns]

Thanks, so PayPal's process of recovering payments must be exceptional if they can recover them in cases like the OP.

[digital*ghost]

If PayPal can't recover the original funds but the buyer has qualified for protection, PayPal will fund the refund themselves and try to recover the money from the account holder - the methods they use to do that are pretty much the same as any other company (debt collection agencies etc). 

There are probably many instances where PayPal do not recover the funds, though.

[thesoulyearns]

Probably not but it's better than having ti chase down the funds yourself. I don't recommend anyone pay by bank deposit.