Chapter 3

Protecting Yourself

In This Chapter

  • Protecting yourself when purchasing online
  • Understanding how PayPal protects you as a buyer
  • Deciding what to do when you have a problem
  • Utilizing strategies for selling smart
  • Comprehending PayPal's protection for sellers
  • Working with buyers from “approved” countries
  • Reporting problems

Imagine the following scenario. You're walking along a crowded city street, and you notice a man selling watches that are displayed on a folding table. On closer inspection, one of the watches appears to be a Rolex! Savvy bargain hunter that you are, you ask how much the watch costs and are very excited to learn you can get a “genuine Rolex” for just $100! Opening your wallet, you hand the man five twenties and walk off the proud owner of … well … total junk.

After you get over your anger and disappointment, what's your next move? Do you go to your bank and demand reimbursement for the $100 you lost because you bought a fake from a disreputable vendor? I don't think so! But many people would expect PayPal to provide reimbursement if they bought the fake Rolex from an online auction.

In fact, PayPal does offer you a certain amount of protection from disreputable sellers, but you need to use common sense when purchasing online. Not to be a cynic, but if it looks too good to be true, it probably is too good to be true.

Protecting Yourself As a Buyer

Protecting yourself as a buyer starts with using the same common sense you use to protect your identity ...

Get PayPal For Dummies now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.