Tuesday, October 9, 2012

Is Transaction Protection Against Online Fraud Realistic?

by Meet Market Makers, Incorporated

It is official, seller and buyer protection against online transaction fraud has arrived.

The conditions do not lie. With continuing economic weakness and soft employment conditions more and more people resort to careless online behavior to target the blind trust of others assuming they will not get scammed.

Fraudsters operate online because they can act in obscurity without the real threat of being caught or prosecuted for their demeaning behavior. In fact, many victims of these acts have little or no recourse against the blatant online dishonesty or plain negligence practiced by charlatans.

The reality is that Internet transactions, especially buying products or services from strangers, have inherent risks. Too many people have been displeased by what they got or did not get in return for their prepayment. Of course, expectancy is often greater than reality but the opposite is true when buying from those whose ethical fabric lacks honesty. At the other end of the scamming spectrum buyers overpay sellers so-called by mistake by money order demanding to have the overpaid amount wired back at the payment deposit time before the seller knows that the payment instrument is a counterfeit. To make matters worse, anyone cashing a fake money order can get in legal trouble with local authorities as the act is a criminal offense in most countries. Besides who wants to get involved in spending time and money to recover from an online transaction that went bad. Scammers count on the fact that you succumb to the lesson learned and not come after them even when they reside in your native country.
 
Here are some examples.
http://www.khou.com/news/investigative/Crime-online-Craigslist-popular-with-buyers-sellers-and-criminals-alike.html
http://forum.freeadvice.com/online-purchases-sales-87/ebay-automobile-purchase-fraud-false-pretense-582484.html
http://www.thedailyaztec.com/2010/11/avoiding-craigslist-crimes-safety-tips-for-online-buyers-and-sellers

Therefore, more than ever before is it important to protect sellers and buyers against online misbehavior or misrepresentation and to finally put an end to these everlasting problems. The sad truth is that industry efforts have and are focused mainly on identity theft and financial data protection, which is a very good thing, but hardly any action is directed toward protecting people against online transaction scams. To combat this terrible crime and the ongoing rise in online transactional fraud and dishonesty, we decided to do the work for you and deploy fraud prevention by giving you the personal tools to literally inspect what you paid for is what you got or made believe you would get. This means that we hold the transaction payment on your behalf until you confirm to be fully satisfied with the transaction outcome. Only then the payment deposit transaction amount is released. However, when visual inspection presents any undisclosed or unreliable material facts you can reject the transaction whereupon we refund the prepaid transaction amount in full.

The good part of it all, the payment protection service is free of charge and risk free because it all happens in one secure place. More about this and other free payment services at www.meetmarketmakers.com.

We look forward to protecting and serving you!

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