Post
Topic
Board Service Discussion
Re: BitMarket.Eu - Paypal no longer supported!
by
phase
on 29/08/2011, 18:39:34 UTC
No, I was very surprised that it is even possible, and I remember explicitly reading that this is the way it works: An account is opened with forged/fake/stolen ID, stolen/fake cheques are deposited and these funds are then used to make wire transfers. There are banks that deposit cheque funds immediately with a later value date, and they always reserve the right to debit the account in the event that the cheque is fraudulent, indefinitely. If they can't find the actual account owner, it wouldn't surprise me that they will request the money back from the target bank. True, since SEPA entered into action, the bank is always responsible unless the client was severely negligent, so chances of it still happening these days and in the EU... Just pointing out that it's not holy.

Btw, there are still a bunch of buy orders with Paypal only cluttering up the orderbook, some even without payment option, is it possible to remove these?