Auctionbytes-Update, Number 49 - October 06, 2001 - ISSN 1528-6703
This & That 1) PayPal Discloses High Rate of Chargebacks
By Ina Steiner
This article from The Banking Channel reports that liability for chargebacks from fraudulent transactions could cost PayPal the right to accept credit card payments, which comprises 50.5% of its business. You can read the article by going to http://www.epaynews.com/links/topstories.html and under "top stories," click on "PayPal Discloses High Rate of Chargebacks."
To read PayPal's SEC filing to go public (form S-1), go to http://www.sec.gov , under "Filings & Forms (EDGAR)" click on "Search for Company Filings," click on "Search the EDGAR Archives," and enter "PayPal Inc." in the search box.
NOTE: Beth Kagel (our Vintage Camera forum moderator) sent me this article about chargebacks. http://techupdate.zdnet.com/techupdate/stories/main/0,14179,2815396,00.html Fear of fraud is hindering e-commerce, and it is the online retailers who are responsible for failed transactions.
2) Cookie Jars Featured on Incurable Collector
By Ina Steiner
Barbara Crews, the Collectibles Guide on About.com, will be on today (Sunday)'s episode of "Incurable Collector" talking about cookie jars. http://collectibles.about.com Find out more about the show and check the upcoming schedule on the A&E Web site http://www.aande.com .
3) Auction Crossword Puzzle
Want to take a break from listing auctions? Grab a cup of coffee and relax with an online crossword puzzle! http://www.auctionbytes.com/crossword/crossword.html
We have another challenging crossword puzzle for you this week! Reyne Haines, from http://www.justglass.com has created a crossword made up entirely of Depression Glass patterns. This one should keep you occupied for a while, so put your thinking cap on! You can find the puzzle at http://www.auctionbytes.com/crossword/cwglass2.html
If you'd like to submit a crossword puzzle, email dsteiner@auctionbytes.com for details. If we use your puzzle, we'll send you $20 and an AuctionBytes Mug (while supply lasts).
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Follow-up Article: PayPal Online Payment Service - March 04, 2000, Issue #9
X.com and PayPal in the News - March 04, 2000, Issue #9
Letter from Reader - Response to Last Issue's Editorial: 'Real World' Auctions Have Problems, Too - June 17, 2000, Issue #16
Online Payment Systems At a Glance - October 21, 2000, Issue #24
Snitching on Shilling Sellers or Bad Bidders - January 06, 2001, Issue #29
PayPal to Meet with Better Business Bureau - January 23, 2001, Issue #3
$425 for an Empty Box? - February 01, 2001, Issue #11
Online Auction Fraud - Another Study - February 01, 2001, Issue #11
Busted! Auction Fraud Perpetrators Arrested and Charged - February 15, 2001, Issue #22
Salon Scrutinizes PayPal - February 25, 2001, Issue #27
Debit Cards Enter Online Payment Market - February 25, 2001, Issue #27
PayPal Announces Changes to Buyer-Complaint Process - February 25, 2001, Issue #27
PayPal Rounds Up $90 Million in Financing - March 06, 2001, Issue #35
Beware Male Individuals from California, Florida and New York - March 07, 2001, Issue #36
PayPal Launches Directory of Member Sites - March 12, 2001, Issue #39
Interesting PayPal Statistic - March 19, 2001, Issue #44
State Attorney-General Sues Shill Bidder - March 28, 2001, Issue #50
PayPal Policy May Cause Bouncy Checks - April 09, 2001, Issue #58
Harry Potter Auction Fraud - April 10, 2001, Issue #59
FTC Reports on Fraud Online - April 16, 2001, Issue #63
Fur Flies as PayPal Rumor Spreads - April 17, 2001, Issue #64
Suspended eBay Member Keeps Selling after Purchasing Someone Else's eBay Account - April 17, 2001, Issue #64
PayPal Reaches $2 Billion in Payments Processed - April 18, 2001, Issue #65
New Report: 'Online Auctions - A Best Practices Report' - April 22, 2001, Issue #67
PayPal Institutes New Fee - April 23, 2001, Issue #68
International Effort to Combat E-Commerce Fraud - April 24, 2001, Issue #69
Fools Say Sellers Beware - May 03, 2001, Issue #75
More Press for Auction Fraud - May 14, 2001, Issue #81
PayPal Up For a Webby - May 17, 2001, Issue #84
Reader Questions eBay's Policy on Scurrilous CDs - May 19, 2001, Issue #38
PayPal to Discuss Anti-Fraud Efforts at FBI Press Conference Today - May 22, 2001, Issue #87
Online Scammer Strikes Again - June 05, 2001, Issue #96
PayPal 'Simply' Increases Fees - June 07, 2001, Issue #98
Authorities Drop Auction-Fraud Charges - June 07, 2001, Issue #98
California Man Pleads Guilty to Internet Fraud - June 10, 2001, Issue #99
Fake Honus Wagner Baseball Draws $20,000 in Bids - June 13, 2001, Issue #102
Online Fraud Continues - June 14, 2001, Issue #103
PayPal Introduces the Paypal Credit Card - June 18, 2001, Issue #105
PayPal Makes Members' Activity Levels Public - June 20, 2001, Issue #107
Auction Sites Asked to Provide Data to Congress - June 26, 2001, Issue #111
PayPal Catches eBay Bug - June 28, 2001, Issue #113
eBay to Lawmakers: No to Anti-Fraud Legislation, Yes to Anti-Harvesting Legislation - June 28, 2001, Issue #113
Charge It! A Review of Online Payment Services - June 30, 2001, Issue #41
PayPal Rumors Swirl Again - June 30, 2001, Issue #41
PayPal Rumors Swirl Again - July 01, 2001, Issue #114
PayPal Warning: eBay Now Inserting Unauthorized BillPoint Logos in New Auctions - July 08, 2001, Issue #118
Bidville Files Breach of Contract Suit Against PayPal - July 11, 2001, Issue #121
Police Arrest Auction-Fraud Suspect - July 16, 2001, Issue #124
5 Online-Auction-Fraud Indictments - August 02, 2001, Issue #132
PayPal Shopping Cart and Subscriptions Features - August 04, 2001, Issue #43
Airborne Express Denies Relationship with Prepaidshippingonline.com - August 23, 2001, Issue #147
PayPal Surpasses 10 Million Registered Users - September 06, 2001, Issue #157
PayPal Extends Customer Service Hours - September 19, 2001, Issue #165
Charity Checklist - September 22, 2001, Issue #47
Online Payment Services - Lacking in Fraud Protection - September 22, 2001, Issue #47
PayPal 'Strengthens' User Agreement - September 23, 2001, Issue #167
PayPal Files to go Public - September 29, 2001, Issue #48
PayPal Files to go Public - September 30, 2001, Issue #172
eBay Drags Feet Over Fraud Complaints? - October 02, 2001, Issue #174
PayPal Eliminates Free P2P Credit Card Payments - October 14, 2001, Issue #181
Bargains & Deals Magazine Fails to Deliver - October 18, 2001, Issue #185
PayPal Announces Policy Changes Effective 11/6/01 - October 25, 2001, Issue #190
U. K. Tackles CyberCrime - October 25, 2001, Issue #190
PayPal: Not What It Used to Be - November 03, 2001, Issue #53
Avoid Internet Fraud - November 07, 2001, Issue #199
PayPal Follow-Up - November 17, 2001, Issue #55
FBI Implements Restructuring Plan, Creates Cybercrime Division - December 04, 2001, Issue #215
Internet-Auction Fraudster Charged In Massachusetts - December 16, 2001, Issue #222
Reached Your (PayPal) Limit? - December 16, 2001, Issue #28
PayPal Files IPO Amendment with SEC - December 17, 2001, Issue #223
PayPal Imposter Tries Ripoff Tactic - December 19, 2001, Issue #225
U.S. Consumer Resources - Shop Smart - December 22, 2001, Issue #60
American Express and Discover Sign on with PayPal - January 03, 2002, Issue #232
Ripped Off on eBay - The Case of Mr X - January 20, 2002, Issue #62
Editorial: Can eBay Do More to Stop Serial Offenders? - January 20, 2002, Issue #62
Letters to the Editor - January 20, 2002, Issue #62
FTC Says Internet Auction Fraud Is #2 Complaint - January 24, 2002, Issue #245
Swindled eBayers Take Matters Into their Own Hands - January 25, 2002, Issue #246
PayPal Quadruples Revenue - January 28, 2002, Issue #247
'Safe SEC': SEC Demonstrates Dangers of Casual Investing - January 29, 2002, Issue #248
Ripped Off on eBay - The Case of Mr X, Part 2 - February 03, 2002, Issue #63
Editorial: Can eBay Do More to Stop Serial Offenders? Part 2 - February 03, 2002, Issue #63
PayPal Delays Stock Offering - February 07, 2002, Issue #254
What's up with PayPal's IPO? - February 08, 2002, Issue #255
Authorities Crack Glass Shill-Bidding Ring on eBay - February 08, 2002, Issue #255
Warning to eBay Users: Beware Fraudulent Emails! - February 12, 2002, Issue #257
More Legal Troubles on PayPal's Horizon? - February 14, 2002, Issue #258
PayPal Prices IPO, Stock Set to Trade on NASDAQ Today - February 15, 2002, Issue #259
PayPal Goes Public, Stock Trades on NASDAQ - February 17, 2002, Issue #64
Latest Online Auction Related Scam: Bogus PayPal Lawsuit Sites - February 26, 2002, Issue #265
Man Accused of eBay Fraud Gets Jail Time - March 11, 2002, Issue #273
FDIC Tells PayPal It Is Not Covered under FDIC Act, PayPal Is Not a Bank - March 13, 2002, Issue #275
AuctionBlackList Creates Online Auction Fraud Database - March 17, 2002, Issue #66
PayPal ''Sacks'' a Chief Operating Officer - March 20, 2002, Issue #280
PayPal Creates Network for Web Site Developers - March 25, 2002, Issue #283
PayPal Creates Online-Auction Sellers Advisory Board - March 27, 2002, Issue #285
New Report: Online Auction Fraud Tops List of Internet Fraud Complaints - April 11, 2002, Issue #295
Online Auction Service eDeal Signs Agreement with eDeposit to Reduce Online Fraud - April 11, 2002, Issue #295
What's Really New at PayPal? - April 17, 2002, Issue #298
PayPal Makes a Profit for the First Time - April 18, 2002, Issue #299
eBay Changes Its Feedback & Customer Service Policies - April 29, 2002, Issue #305
PayPal Settles Patent Lawsuit with CertCo - May 01, 2002, Issue #307
P2P Online Payment Activity Will Gradually Accelerate, Greatest Opportunity Lies in Adaptation - May 02, 2002, Issue #308
eBay Announces Authentication Services from VeriSign, Square Trade - May 09, 2002, Issue #313
PayPal Does Deal with Topica Email List-Host Provider - May 23, 2002, Issue #322
eBay PowerSeller Arrested for Grand Larceny and Scheme to Defraud - May 24, 2002, Issue #323
Online Auction Seller Indicted on Mail Fraud Charges - May 31, 2002, Issue #327
PayPal Passes Inspection by New York Banking Department - June 13, 2002, Issue #336
PayPal Files with SEC for Secondary Offering of Common Stock - June 13, 2002, Issue #336
PayPal Integrates UPS into Online-Auction Payment Process - June 19, 2002, Issue #340
eBay PowerSeller Charged with Grand Larceny, Begins Making Restitution - June 21, 2002, Issue #340
Fake PayPal Email Circulating - June 27, 2002, Issue #346
PayPal Prices Secondary Stock Offering - June 28, 2002, Issue #347
eBay to Acquire PayPal - July 08, 2002, Issue #352
eBay Sets Off Fireworks with PayPal Acquisition Announcement - July 09, 2002, Issue #353
New York Wants PayPal to Ante Up Info about Online Gaming Transactions - July 15, 2002, Issue #358
Online Payment Service Paypal Opens New Corporate Headquarters - July 22, 2002, Issue #363
PayPal Gives Auction Sellers More Shipping Tools - July 23, 2002, Issue #364
eBay Rolls Out VeriSign-Backed Security Feature - July 26, 2002, Issue #367
eBay Top Enforcer Hosts Live Chat to Speak on Fraud - August 07, 2002, Issue #370
PayPal Builds State-of-the-Art Complex in Nebraska - August 07, 2002, Issue #370
Online Auction Fraud: What You Should Know, Part 1 - August 11, 2002, Issue #76
PayPal Says Swedish Auction Site Will Integrate with Its Online Payment Services - August 11, 2002, Issue #373
PayPal Says Swedish Auction Site Will Integrate with Its Online Payment Services - August 13, 2002, Issue #374
PayPal Rolls Out Limited Extended Warranty and Purchase Protection - August 13, 2002, Issue #374
eBay/PayPal Acquisition Decision Expected Today - August 19, 2002, Issue #377
Dept. of Justice Clears the Way for eBay's Acquisition of PayPal - August 20, 2002, Issue #378
PayPal Antes up $200K to NY Attorney General, Cuts Off Service to New York Gamblers - August 22, 2002, Issue #379
PayPal Shareholders to Vote on Acquisition by eBay - August 22, 2002, Issue #379
Bidville Auction Site Holds September Dollar Sale - August 22, 2002, Issue #379
Online Auction Fraud: What You Should Know, Part 2 - August 25, 2002, Issue #77
Online Auction Fraud: What You Should Know, Part 3 - September 08, 2002, Issue #78
PayPal Agreement Extends Reach into Germany - September 18, 2002, Issue #395
PayPal Launches Money Back Guarantee Program to Online Buyers - September 19, 2002, Issue #396
PayPal Gives International Push with Multiple Currencies - September 24, 2002, Issue #399
U.S. Postal Inspectors Applaud PayPal's Anti-Fraud Efforts - September 26, 2002, Issue #401
PayPal to Webcast Shareholder Meeting on Proposed Acquisition by eBay - September 27, 2002, Issue #402
PayPal Reaches Record Number of Registered Members - October 03, 2002, Issue #405
eBay Auction Fraud Spawns Vigilantism Trend - October 12, 2002, Issue #411
eBay to Host Live Chat Today on PayPal Integration - October 16, 2002, Issue #414
PayPal Integration Continues, FairMarket Gets on Board - October 23, 2002, Issue #419
Online Escrow Fraud Hits eBay Members - October 25, 2002, Issue #421
eBay Members Scammed by Fraudulent Escrow Sites - October 26, 2002, Issue #422
Former Massachusetts Woman Convicted of Fraud in Online Auction Case - October 29, 2002, Issue #424
Wiping Out Online Auction Fraud - November 03, 2002, Issue #82
Hoax eMails Continue to Plague eBay Users - November 07, 2002, Issue #430
Connecticut Woman Cops a Plea in eBay Scam - November 13, 2002, Issue #434
FTC Charges eBay Seller for Violating FTC Act - November 14, 2002, Issue #435
New Twist Added to Hoax Emails as Identity Theft Rises - November 27, 2002, Issue #433
eBay Seller Pleads Guilty to $800,000 Auction Fraud Scheme - December 23, 2002, Issue #450
From the Editor - January 05, 2003, Issue #86
MIT Student Sentenced for Selling Stolen Goods on eBay - January 06, 2003, Issue #455
eBay/PayPal Fraud with a Twist: International Money Laundering - January 29, 2003, Issue #472
Online Fraud: It Can't Happen to Me - February 02, 2003, Issue #88
PayPal Modifies 'Legal Disputes' Section of User Agreement - February 10, 2003, Issue #480
Small-Time eBay Scams & Annoyances - February 16, 2003, Issue #89
Nigerian Fraud Scheme Hits eBayers - March 03, 2003, Issue #494
eBay's Fraud Detection System Asleep at the Wheel? - March 07, 2003, Issue #498
eBay Fiddles While Users Get Burned by Fraud - March 12, 2003, Issue #500
eBay Fraud Update: 285 Victims Report Losing $60,000 - March 14, 2003, Issue #501
PayPal Adds 'Acceptable Use' Policy to User Agreement - March 14, 2003, Issue #501
Missouri Tells PayPal to Pay Up for Patriot Act Violations - April 01, 2003, Issue #511
IFCC Releases Annual Internet Fraud Report - April 10, 2003, Issue #516
eBay Removes Billpoint, Limits PayPal Use in 'Mature Audiences' Category - April 13, 2003, Issue #517
eBay Removes Billpoint, Limits PayPal Use in 'Mature Audiences' Category - April 13, 2003, Issue #518
Jobseekers: Beware New eBay Scam - April 21, 2003, Issue #522
eBay to Encourage PayPal Use with New Buy-It-Now Option - May 01, 2003, Issue #529
FTC Cracks Down on Online Auction Scams - May 01, 2003, Issue #529
eBay Hires Cyber Security Guru - May 02, 2003, Issue #530
Online-Auction Fraud Targets Sellers - May 04, 2003, Issue #94
eBay Fraud Update: Victims Report Losing $110,000 - May 07, 2003, Issue #532
PayPal Teams Up with Vendors to Provide Ecommerce Solutions - May 08, 2003, Issue #533
eBay Fraud Suspect Commits Suicide as Scams Unravel - May 13, 2003, Issue #536
Cyber Criminals Beware: Victims Are Watching You - May 19, 2003, Issue #540
eBay Sellers Can Pay Fees with PayPal, eBay Redesigns 'New Item' Page - May 25, 2003, Issue #543
Cybervigilism Helps Crack Online Fraud Case - May 27, 2003, Issue #544
eBay PowerSeller Arrested in Utah - June 13, 2003, Issue #556
eBay Announces PayPal Buyer Protection Program - July 02, 2003, Issue #569
eBay Users Can Use Points Program to Pay Fees - August 08, 2003, Issue #588
eBay Joins New Coalition to Fight Online Identity Theft - September 03, 2003, Issue #601
eBay Buyers Can Limit Searches to PayPal-Enabled Sellers - September 12, 2003, Issue #607
PayPal's eBay-Fraud Protection Program to Launch October 14 - September 12, 2003, Issue #607
PayPal Introduces New Merchant Referral Bonus Program - September 15, 2003, Issue #608
Survey Says Fraud is a Problem on eBay and Other Sites - September 21, 2003, Issue #103
American Express Agrees to Honor PayPal Complaints - October 03, 2003, Issue #621
eBay Users Allege Single Mom Ripped Them Off - October 15, 2003, Issue #628
eBay Adds Warning to Member-to-Member Emails - October 22, 2003, Issue #633
eBay to Present at Congressional Panel on CyberSecurity - November 19, 2003, Issue #650
Counterfeit Cashier’s Check Scheme Strikes Online Sellers - December 01, 2003, Issue #657
PayPal Caps Personal Use of Its Online Payment Service - January 13, 2004, Issue #680
U.S. FTC Releases Top 10 Consumer Complaint Categories in 2003 - January 23, 2004, Issue #687
eBay Adds PayPal Icons to Search Results - January 26, 2004, Issue #688
PayPal Buyer Protection Policy Bears Close Scrutiny - February 08, 2004, Issue #112
New York Attorney General Tells PayPal to Pay Up - March 09, 2004, Issue #714
Victims of eBay Laptop Scam See Justice - May 07, 2004, Issue #756
Online Shoppers Getting Smarter about Online Security - May 11, 2004, Issue #758
Et Cetera: eBay Seller Alert; Zoovy Glitch; eBay UK Search Change - June 04, 2004, Issue #775
eBay's PayPal Payment System Raises Bar for Merchants - June 17, 2004, Issue #784
eBay Continues PayPal Push, Introduces Developers Directory - June 23, 2004, Issue #788
eBay Promotes Usage of Its PayPal Service with New Policy - July 27, 2004, Issue #814
PayPal Launches New Home-Page Design - September 10, 2004, Issue #845
eBay Scammers Settle FTC Charges - September 15, 2004, Issue #848
AuctionBytes Book Review: The PayPal Wars - September 26, 2004, Issue #127
Experts Advise Caution When Buying Jewelry at Online Auctions - November 17, 2004, Issue #892
eBay User Goes on Malicious-Bidding Rampage Saturday - November 27, 2004, Issue #898
Paymentech to Add PayPal Capability for Internet Merchants - December 02, 2004, Issue #902
eBay Announces Special Maintenance Planned for PayPal Site - December 10, 2004, Issue #908
eBay Tunes In New Strategy for PayPal Service - December 13, 2004, Issue #909
Merchant Risk Council Hosts Third Internet Fraud Prevention Conference - January 07, 2005, Issue #927
Tsunami Disaster Relief Fraud Alert - January 07, 2005, Issue #927
PayPal Confident in Meeting Regulatory Challenges - January 12, 2005, Issue #930
Internet Auction Fraud Among FTC's Top 10 Consumer Complaints for 2004 - February 02, 2005, Issue #945
Interview with an eBay Vigilante - February 06, 2005, Issue #136
Scammers Target eBay Sellers Using Email Feature - April 08, 2005, Issue #992
eBay Wholesale List Scams: Buyer Beware - April 19, 2005, Issue #999
PayPal Expands Web Services Offering With New Software Development Kit; PayPal Adds Seven New APIs to Support Website Payment Pro - June 21, 2005, Issue #1044
PayPal Announces Website Payments Pro, a New Payment Product for Small Businesses - June 21, 2005, Issue #1044
eBay to Launch PayPal in China by Year-End - July 07, 2005, Issue #1058
New PayPal Service Offers A La Carte Pricing for Digital Content - September 01, 2005, Issue #1098
PayPal Application Available on Apple App Store at Launch - July 11, 2008, Issue #1832
