PP Flaw

[bluue13]

So yesterday afternoon I discovered 2 fraudulent withdrawals on my checking acct. via PPal. Ive been scrambling all last night and all day today tracing the path of what happened and it turns out it was some purchases through ebay that I didnt make.

I've already put in reports with my bank, ebay, PPal, and the Internet Crime Complaint Center (IC3).

I just caught a report on the news that apparently there was some flaw in the PPal system and a bunch of people had the same issue. Wondering if anyone else here fell victim? Also I'm hoping this might serve as a notification for everyone to just double check their accounts and maybe reset some passwords, etc!

I'll keep everyone posted on how this turns out.

 

[Kingantz]

Sorry to hear it Greg! Hope it all works out! Heading to check mine out now....

 

[Joebiech]

Thanks for the heads up. I just checked mine and I look okay for now. Hope they fix the issue.

 

[mmburtch]

I apparently spent a fortune with some guy named Spivy?

 

[investandprosper]

Good catch. Paypal is a nightmare to work with sometimes, I use them a lot with eBay. Usually with this kind of stuff they are pretty reasonable, but keep the communication lines open with your bank too, so they can back you up.

 

[{tpc}]

Thanks for the heads up. I know they have a security key system now, so if you don't have it, you should get it.

 

[Bitaemo]

They do. I got one from them about a year ago for $5. Comes on a keychain so you can take it anywhere. Although it forces you to setup some backdoor security questions which are pretty easy stuff IE. "What city were you born in?" and "Whats your fathers name?" Stuff that wouldn't be too hard to learn in todays social networking society. You can of course just answer with incorrect data, but god help you if they device stops being correctly synced like mine always is.

 

[{tpc}]

They do. I got one from them about a year ago for $5. Comes on a keychain so you can take it anywhere. Although it forces you to setup some backdoor security questions which are pretty easy stuff IE. "What city were you born in?" and "Whats your fathers name?" Stuff that wouldn't be too hard to learn in todays social networking society. You can of course just answer with incorrect data, but god help you if they device stops being correctly synced like mine always is.

They also have a free one that sends a text to your phone.

 

[w00ts!te]

Keep in mind the new IRS law:
https://cms.paypal.com/us/cgi-bin/marketingweb?cmd=_render-content&content_ID=marketing_us/IRS6050W

 

[souldog]

Keep in mind the new IRS law:
https://cms.paypal.com/us/cgi-bin/marketingweb?cmd=_render-content&content_ID=marketing_us/IRS6050W

I'd sure as hell hope that no independent cigar collector on this board sells more than $20,000 or 200+ sales here!

 

[bluue13]

So today's update is that PPal is still in investigation of the charges. I'm trying to be patient which is difficult to do when $1700 of your hard earned money is hanging in the balance.

Spoke again with my bank and they are also investigating with PPal so I'm confident that the funds will be returned, just not as quickly as I'd like. To me it just seems that if every company involved knows that my accounts were accessed by a 3rd party it should make their investigation pretty simple, but alas, I guess the world doesn't work that way.

Anyway, it is the weekend, my new pellet stove is being installed tomorrow, and aside from all the craziness I'm managing to stay pretty upbeat! I think I'll smoke a Mag 48 tonight to relax and unwind.

Happy weekend, everyone!

 

[bigmanfromou]

Keep in mind the new IRS law:
https://cms.paypal.com/us/cgi-bin/marketingweb?cmd=_render-content&content_ID=marketing_us/IRS6050W

I'd sure as hell hope that no independent cigar collector on this board sells more than $20,000 or 200+ sales here!

I think it says $20k AND 200+ sales, which would be A LOT.

And my PP has no flaws (I'm SORRY, I couldn't help it)

 

[tomthirtysix]

Keep in mind the new IRS law:
https://cms.paypal.com/us/cgi-bin/marketingweb?cmd=_render-content&content_ID=marketing_us/IRS6050W

Not really sure what this has to do with his account being compromised....

So today's update is that PPal is still in investigation of the charges. I'm trying to be patient which is difficult to do when $1700 of your hard earned money is hanging in the balance.

Spoke again with my bank and they are also investigating with PPal so I'm confident that the funds will be returned, just not as quickly as I'd like. To me it just seems that if every company involved knows that my accounts were accessed by a 3rd party it should make their investigation pretty simple, but alas, I guess the world doesn't work that way.

Anyway, it is the weekend, my new pellet stove is being installed tomorrow, and aside from all the craziness I'm managing to stay pretty upbeat! I think I'll smoke a Mag 48 tonight to relax and unwind.

Happy weekend, everyone!

Good luck with PP investigating. When I had a fraudulent transfer from my bank account via PP, I got an alert before the transaction went through. PP said they would stop it before it was completed. Then I got another alert saying it was completed. PP then said it would take like 4-6 weeks for their investigation.

I went down to my bank and talked to them. They reversed the charge, blocked PP from being able to access my account again, and told me not to worry. If PP wanted their money, they would have to fight the bank for it.

 

[bigmanfromou]

Good luck with PP investigating.

This is very true. They were useless in the investigation. My bank ended up replacing the funds and then it was an all out battle to get my PP account unfrozen. My PP is no longer attached to my primary bank account.

 

[Jonesy]

Good luck with PP investigating. When I had a fraudulent transfer from my bank account via PP, I got an alert before the transaction went through. PP said they would stop it before it was completed. Then I got another alert saying it was completed. PP then said it would take like 4-6 weeks for their investigation.

I went down to my bank and talked to them. They reversed the charge, blocked PP from being able to access my account again, and told me not to worry. If PP wanted their money, they would have to fight the bank for it.

x2

I had my PP account hacked several months back for $200. Like Tom said, they immediately sent an alert, the payment went through anyways, and it took a month for my money to be returned. They sent me a key card with a LCD screen on it that has a passcode that changes every 2 minutes I believe. If you have PP then you NEED to get the key card.

 

[bluue13]

Good luck with PP investigating. When I had a fraudulent transfer from my bank account via PP, I got an alert before the transaction went through. PP said they would stop it before it was completed. Then I got another alert saying it was completed. PP then said it would take like 4-6 weeks for their investigation.

I went down to my bank and talked to them. They reversed the charge, blocked PP from being able to access my account again, and told me not to worry. If PP wanted their money, they would have to fight the bank for it.

x2

I had my PP account hacked several months back for $200. Like Tom said, they immediately sent an alert, the payment went through anyways, and it took a month for my money to be returned. They sent me a key card with a LCD screen on it that has a passcode that changes every 2 minutes I believe. If you have PP then you NEED to get the key card.

Yeah, I just got off the phone with them. They said I am definitely going to get the money back because it is obviously a 3rd party fraudulent access type of deal, but due to their investigation it will take 7-10 business days (which I'm not holding my breath on).

I'm 100% planning on picking up one of the keys. I saw it on the website. I'm seeing now how it is a necessity.

 

[bluue13]

Just an update. Currently my bank has reversed one of the two fraudulent transactions so I've gotten back some of the money. Paypal is still hanging on to the larger of the two transactions. I just spoke with them on the phone and they said that they have received further info regarding the claim so things should be moving along. The only problem is that I'm still hanging on to a negative balance in one of my accounts right now cause of all this ridiculousness. I'm just gonna keep at them until everything is returned. Unneeded stress right now!

 

[thechenman]

Good luck with this. I hate when seeing this crap happen. My wife has been the victim of identity theft in the past, and dealing with stuff like this can be a serious pain.

 

[bluue13]

Well, everything was resolved and I finally (just today) got all my money back. Took damn long enough! Anyway, thanks everyone for all the thoughts and well wishes!

 

[vortex]

Thank God I'm broke so I don't have to worry about this! :thumbs:

PP has had a number of complaints on several issues. Not releasing funds, mostly. I'm so small time I that I doubt it will be a problem, personally.

I'm glad you're getting your dough back, though.