Colorado coal miner Alan Tweddell found his dream deal on eBay.
Scrolling through the Internet auction site in 2004, he discovered a Model A Ford selling for only $2,500. He bought the 1930 classic and agreed to wire the money to the seller in Chicago.
But the dream turned into a bust when a Western Union representative suspected the man picking up the money in Chicago was a fraud. Western Union returned the $2,500 to Tweddell, but he was unable to recover the $200 fee he spent to transfer the cash, said his son-in-law, Rusty Lofley.
"He was aggravated and disappointed, but happy he did not get scammed out of the whole $2,500," Lofley said.
Read more http://www.suntimes.com/news/metro/170355,CST-NWS-ebay13.article
Thursday, December 14, 2006
Google Checkout vs. eBay's PayPal, yes, again
I thought that the midst of the holiday season was as good a time as any to revisit one of my favorite subjects: Checkout vs. PayPal.
Quick recap to those unfamiliar: Both are online payment services. PayPal, wholly owned by eBay Inc. (NASDAQ:EBAY), is a longtime (8 years) established service operating in over 100 markets internationally with over 123 million users. Checkout is a service Google Inc. (NASDAQ:GOOG) developed and launched in June 29 of this year. Originally dubbed "PayPal killer," Checkout has actually been slow in getting traction.
Lately, both companies have offered holiday incentives, with PayPal offering buyers cash rebates until May 2007 (a long holiday season) while Checkout waiving merchant processing fees until the end of the year. Well, maybe the incentive has been working for Google Checkout since it is now extending the free use of its payment service to online merchants through the end of next year.
Read on http://www.bloggingstocks.com/2006/12/13/google-checkout-vs-ebays-paypal-yes-again/
Quick recap to those unfamiliar: Both are online payment services. PayPal, wholly owned by eBay Inc. (NASDAQ:EBAY), is a longtime (8 years) established service operating in over 100 markets internationally with over 123 million users. Checkout is a service Google Inc. (NASDAQ:GOOG) developed and launched in June 29 of this year. Originally dubbed "PayPal killer," Checkout has actually been slow in getting traction.
Lately, both companies have offered holiday incentives, with PayPal offering buyers cash rebates until May 2007 (a long holiday season) while Checkout waiving merchant processing fees until the end of the year. Well, maybe the incentive has been working for Google Checkout since it is now extending the free use of its payment service to online merchants through the end of next year.
Read on http://www.bloggingstocks.com/2006/12/13/google-checkout-vs-ebays-paypal-yes-again/
Avoiding eBay And Online Shopping Swindles
Prosecutors say an Internet fraud scheme with roots in Chicago has cost consumers millions of dollars. CBS 2's Rob Johnson reports.EBay boasts 210 million users worldwide, and $12.6 billion worth of traded items.
But there's a big difference between honest, responsible sellers who make a living on eBay and those who prey upon buyers who are looking for a good deal.Twenty-one people have been indicted accused of swindling eBay and other Internet auction site users.
Victims who bid unsuccessfully on merchandise were led to believe they were being given a second chance to purchase the items. Much of the money was sent to Chicago but the goods never came.
Read more and watch a live report http://cbs2chicago.com/topstories/local_story_346220358.html
But there's a big difference between honest, responsible sellers who make a living on eBay and those who prey upon buyers who are looking for a good deal.Twenty-one people have been indicted accused of swindling eBay and other Internet auction site users.
Victims who bid unsuccessfully on merchandise were led to believe they were being given a second chance to purchase the items. Much of the money was sent to Chicago but the goods never came.
Read more and watch a live report http://cbs2chicago.com/topstories/local_story_346220358.html
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