Dec 4, 2002
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Copyright 2002, Roadracing World Publishing, Inc.<BR><BR>After reading the entry by Digital Domaine I felt compelled to respond. Checks from my business were stolen from my office and cashed around town totaling about $5k. However I wasn't held liable by my bank due to the fact that no authorized rep of my Co. had signed the checks and the funds were returned to my account in a matter of 5 days. I bank with Wachovia. <BR> <BR>I think these days you need to think about how the "crooks" could potentially rip you off in any given situation and prevent it. I won't send anything without prepayment by credit card or money order. Most people will go along with that as long as you send them a sales invoice first. The ones who won't usually can't/shouldn't be trusted.<BR> <BR>Rick Fairbairn<BR>WERA #52<BR>PPS International Limited<BR>Simpsonville, South Carolina<BR><BR><BR><BR><BR>Kevin Hanson recommends using "PayPal or other ways that are insured" to reduce the risk of check fraud. While I haven't had any problems myself either buying or selling items with PayPal, it bears mentioning that PayPal offers very little protection to sellers, and using it is strictly a matter of 'caveat emptor.' Sites such as nopaypal.com, paypalwarning.com and aboutpaypal.com confirm numerous problems with PayPal, including reports of users frozen out of their accounts due to the caprice of PayPal management, and even of users' own bank accounts being drained by unauthorized PayPal chargebacks. I am continuing to use PayPal with caution, but everyone should be aware that PayPal is not a bank, and doesn't offer anything like the protection against fraud that you can expect from conventional financial institutions.<BR><BR>Dan Wildhirt<BR>Longmont, Colorado<BR><BR><BR><BR><BR>Thanks for the heads-up.<BR><BR>I have an e-mail from a guy in SC who NEEDS a set of Marvic mags for a Hayabusa this weekend.<BR><BR>He wants me to Red Label them, COD.<BR><BR>HA!<BR><BR>Fred Renz<BR>Yoyodyne<BR>Morristown, New Jersey<BR><BR>