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The e-commerce giant eBay will pay $59 million in a settlement with the Justice Department over thousands of pill press machines sold on the the platform. The machines can be used to manufacture ...
Wednesday's settlement arose from eBay's alleged inadequate monitoring since October 2015 of thousands of pill presses and encapsulating machines sold through its website, including presses ...
This scam is particularly difficult to prevent. While the merchant may know the package was never delivered, the return tracking may allow the fraudster to win a chargeback claim. In the case of marketplaces such as eBay, the site is programmed to automatically refund the money within 2 days of return package delivery. This can be very hard to ...
The eBay stalking scandal was a campaign conducted in 2019 by eBay and contractors. The scandal involved the aggressive stalking and harassment of two e-commerce bloggers, Ina and David Steiner, who wrote frequent commentary about eBay on their website EcommerceBytes. [1] [2] Seven eBay employees pleaded guilty to charges involving criminal ...
Regardless of the outcome of the chargeback, merchants generally pay a chargeback fee which typically ranges anywhere from $20 to $100. [9] A 2016 study by LexisNexis stated that chargeback fraud costs merchants $2.40 for every $1 lost. This is because of product-loss, banking fines, penalties and administrative costs. [10]
The settlement includes those who received erroneous overdraft fees in their checking accounts, misapplied payments in their auto loans and even negligent foreclosure proceedings.
A chargeback is a return of money to a payer of a transaction, especially a credit card transaction. Most commonly the payer is a consumer. The chargeback reverses a money transfer from the consumer's bank account, line of credit, or credit card. The chargeback is ordered by the bank that issued the consumer's payment card. In the distribution ...
The settlement aims to clear nearly 100,000 lawsuits filed by consumers ranging from homeowners to farmers who say they developed cancer because of the product. Some 25,000 cases still remain.