[jyl]

Sold my first eBay item using PayPal last month. Someone bought it for $72, I received confirmation of receiving a PayPal payment, I sent the item FedEx, and then PayPal noticed me the payment was made with fraudulent funds and reversed the credit to my account. Their position is that if a purchase is ineligible for "seller protection", which you don't know from the payment confirmation email they send you, then the risk of fraud is yours. The buyer is no longer registered with eBay and my item is gone.

I'm royally pissed, since the security that was breached and allowed the fraudulent payment to be made is PayPal's, so I don't see why I should have to pay for their vulnerability. Anyway, I'm probably going to dump PayPal and require a good old fashioned cleared check for any future sales.

Just posting this as a warning to others venturing into the PayPal world.