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ooli

Refund fraud schemes promoted on TikTok, Telegram are costing Amazon and other retailers billions of dollars (www.cnbc.com)

submitted 8 months ago* (last edited 8 months ago) by ooli to c/gerrich

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Omg amazon lost a few million! Anyway how can I help make it lose more?

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[–] Anticorp 2 points 8 months ago (1 children)

That's one of the main reasons why online shopping became common. People have probably forgotten how risky and time consuming it used to be before Amazon prime.

[–] NOSin 1 points 8 months ago (1 children)

PayPal also helps a lot imo. Got quite some refunds through PayPal litigations when a package got lost and the seller wouldn't hear any of it or make the proper reclamations to the postal services

[–] NateNate60 1 points 8 months ago (1 children)

Credit card networks have had these dispute programmes for a while now as well. PayPal's biggest win is successfully convincing a generation that paying with your credit card is dangerous and has no consumer protections while paying with the same credit card with PayPal as a middleman is safe.

[–] NOSin 1 points 8 months ago

Not everywhere no. They're submitted to much more conditions in the EU, I got refunded through PayPal on things that wouldn't have been refunded by an EU bank.