Comments on: eBay: Let's wait and see on tighter security

The auction giant has ruled out two-factor authentication for the time being, says an eBay exec.

[PCPrivacyTech]

eBay is not the problem

The article makes it seem hypocritical that Howard Schmidt has called for two-factor autentication while eBay does not have it. It is not at all.....Those calling for two-factor authentication are not talking about sites like eBay! It would destroy the site to attempt such a thing with its trade base. However, it is WAY past time for large financial interests to introduce 2FA. A token would be given to banking customers at the time an account is opened, or sent registered mail by other financial institutions and always used w/ passkey to access sensitive online areas.

Two-factor autentication is not for large trading (or even retail) sites like eBay.

[PCPrivacyTech]

eBay is not the problem

The article makes it seem hypocritical that Howard Schmidt has called for two-factor autentication while eBay does not have it. It is not at all.....Those calling for two-factor authentication are not talking about sites like eBay! It would destroy the site to attempt such a thing with its trade base. However, it is WAY past time for large financial interests to introduce 2FA. A token would be given to banking customers at the time an account is opened, or sent registered mail by other financial institutions and always used w/ passkey to access sensitive online areas.

Two-factor autentication is not for large trading (or even retail) sites like eBay.

[ldbrlnd]

Fraud reporting to E-Bay

In my case the effort to report the fraud to E-Bay was greater than the $28 that I was defrauded of.
This helps explain why E-Bay's fraud statistics are so low.

ldbrlnd

[ldbrlnd]

Fraud reporting to E-Bay

In my case the effort to report the fraud to E-Bay was greater than the $28 that I was defrauded of.
This helps explain why E-Bay's fraud statistics are so low.

ldbrlnd

[Anon-Y-mous]

They don't count deadbeat bidders in the counts

If they did, fraud would be in the 5%10% range, as most sellers experience at least 1 in 10 deadbeats, while many (especially if you refuse to deal with the scamers who try to use PayPal who later illegally chargeback) will see a 1 in 6 or 1 in 7 deadbeat ratio.

To a seller, that's FRAUD since you're still stuck paying listing fees and have to jump through hoops and wait 2 separate periods of time to just get back the commissions, all the while eBay rakes in the listing fees caused by deadbeats.

As a buyer, about 1 in 100 purchases ends up in outright fraud: 1%, EVEN when you are very careful about who you buy from. Therefore I believe real fraud is higher because most buyers do not know or report. As a buyer, about 1 in 25 end up in "not as described" complaints that sometimes you can work out between buyer/seller.

But outright fraud by buyers scamming PayPal or never paying has to be about 10%, and by sellers not shipping or doing other outright (not quality of goods) fraud has to be at least 1%.... far from their regularly stated 1 hundreth of 1% they always use.

[Anon-Y-mous]

They don't count deadbeat bidders in the counts

If they did, fraud would be in the 5%10% range, as most sellers experience at least 1 in 10 deadbeats, while many (especially if you refuse to deal with the scamers who try to use PayPal who later illegally chargeback) will see a 1 in 6 or 1 in 7 deadbeat ratio.

To a seller, that's FRAUD since you're still stuck paying listing fees and have to jump through hoops and wait 2 separate periods of time to just get back the commissions, all the while eBay rakes in the listing fees caused by deadbeats.

As a buyer, about 1 in 100 purchases ends up in outright fraud: 1%, EVEN when you are very careful about who you buy from. Therefore I believe real fraud is higher because most buyers do not know or report. As a buyer, about 1 in 25 end up in "not as described" complaints that sometimes you can work out between buyer/seller.

But outright fraud by buyers scamming PayPal or never paying has to be about 10%, and by sellers not shipping or doing other outright (not quality of goods) fraud has to be at least 1%.... far from their regularly stated 1 hundreth of 1% they always use.