we all need to be a bit careful about what we state as "fact" about credit card cover when using paypal on ebay.
I`d suggest people check with their credit card companies about the level of cover they offer when transactions are via a 3rd party financial institution i.e. paypal.
I know of 3 people now who have been stung by this, the latest was a friend who bought some muse tickets from a site, paid via paypal (through credit card) and has now lost all his money (site was bogus, scotland yard are now involved). Credit card came back with the reply "we do not accept liability for transactions via a third party financial institution"
personally as paypal is not registered with the FSA I think this is a bit strong/harsh, however just a highlight that we should all be careful and at least give your CC a ring and check before making any large purchases.
Steve
I`d suggest people check with their credit card companies about the level of cover they offer when transactions are via a 3rd party financial institution i.e. paypal.
I know of 3 people now who have been stung by this, the latest was a friend who bought some muse tickets from a site, paid via paypal (through credit card) and has now lost all his money (site was bogus, scotland yard are now involved). Credit card came back with the reply "we do not accept liability for transactions via a third party financial institution"
personally as paypal is not registered with the FSA I think this is a bit strong/harsh, however just a highlight that we should all be careful and at least give your CC a ring and check before making any large purchases.
Steve