We regret to stop payment by Paypal /Credit Card
30th July 2005
We have recently stopped accepting payments by Paypal / Credit Card from our website. You may wonder why.Recently one customer who posed introduced himself as “Michel D Harding from USA did money transfers dividing into several small transfers. This name was a false name. The telephone number given by him was also non-existing. He wanted the car to be exported to an African country. Thinking that he has sent the money, we bought the car desired by him and carried it to the port. Then, suddenly we received a notice from Paypal that the transactions were under scrutiny. The cards he used seem to be counterfeit ones.
We, at our end, can not check which card is counterfeit. We came to know about this fraud one week after we purchased the car for him when we had already bought the car for the customer and had sent it to the port; so we lost lot of money from our side. We have lost trust in such customers who try to take advantage using fake cards. We can see that there is a big risk by accepting payments by Paypal or Credit card. Also the hackers’ attacks have became terrible on our website. So in order to strengthen the security of our website we have decided to remove the payment option by Paypal?Credit Card. We will accept money by T.T. or Western Union.
Technorati Tags: Paypal, car, fraud, fake, Credit card, Western Union
