Beware of Paypal Payments Listed as Uncomfirmed!

I have stumbled on a problem that seems to be the trend these days with Paypal payments listed as uncomfirmed. I have since changed the payment details on my Online Auction ads stating that any payment made by Paypal listed as unconfirmed must be updated to confirmed with in 10 days for item to ship. If account payment remains uncomfirmed after the 10 day period payment will be refunded and sale void.

What happens is items are paid for with either a bad, stolen credit card number or items is purposely purchased with CC that is not confirmed in Paypal account. So once you ship item out after receiving this Paypal payment and item is received by the so called customer a Charge back is placed against your account and Paypal does pretty much nothing to protect you. They take the funds out of your account, charge you for trying to keep the funds and your left with a loss. So keep an eye out for this growing scam, It only costs me a small lost ( thankfully ) but could have been much worse.

Make the proper adjustments as needed to your Online Auction ads. I got burned so you dont have to. I love Paypal but this problem could be something for them to work on and hopefully soon.