** CAUTION ** RBC Payment Fraud ** CAUTION **

As Busta said, the person who has their bank stolen will not be liable for the purchases made on their account. Also, you are receiving stolen money. Do not forget that. People need to realize that, especially when no other party is involved. It is the merchant's responsibility to avoid being paid with stolen money.

Asking if you're able to keep the money after demonstrates a major lack of maturity on the side of the merchant. If you accept stolen money in return for gold, you should not expect somebody else to foot the bill for it.

 

Yeah in the UK they have measures such as card readers which make transfers very very hard to fraud, Aswell as automated phone calls.. No idea if there are any security measures and how the frauder bypassed them with Rbc

 

Funny you should mention that, just found this thread. We have the same thing in sweden but I still got paid by a Swedish bank account (online payment, I live in Sweden), for around 3B, might not be as much as you guys but my account is currently frozen and under investigation.

 

The money ended up being lost.

 

How much did you lose exactly?

 

That happens? Is there any possible way for them to collect or hold it against you or can they just blacklist you?

Are all BT vulnerable to this as well? I have a customer interested in using Chase Quickpay, they are currently still shopping around, but I don't know (I'd obviously wait the 2-3 days to fully clear or whatever, but am unsure beyond that).

 

Bank of America transfer is instant and un-disputable. Once you transfer, its there for good.

 

No... when it's a fruaded bank account it doesn't matter.

 

Bank of America protects you from that, if it were to happen, they take on the debt themselves.

 

You Live, You Learn, Goodluck on the sales Arc.

 

No bank takes on the debt and you are naive to think so. If that were the case, then I can easily just log onto a new IP and just start massing spamming payments and claim unauthorized.

The only way you can possibly get the money back is if you fight it in court; however, with huge banks you don't have a fighting chance with all their top tier lawyers. As R2P said, you are foolish to think that if accepting stolen payments, you will get to keep the money.

 

Both, they send debt collectors etc, just as if you owed money to credit cards etc, also affects your credit history.

Only bank transfers that are safe are wire transfers. I think some 1 last year got chargedback like $2k through Chase quickpay, also Chase's security for online banking isn't that good as others.

 

wow... these scammers keep coming up with new ways its hard to keep up with them

 

I just got scammed for 1.2k through Quick Chase Pay. The guy said he was hacked and fradulent payments were made. I understand I'm down 1.2k now, it just sucks. I guess I'll just have to constantly use W/U.