TechTarget

eBay bans cash payments in bid to tackle fraud

Leading internet auction site eBay has banned cash transactions from its listings to help combat the growth of scam artists.

Leading internet auction site eBay has banned cash transactions from its listings to help combat the growth of...

scam artists.

eBay has banned sellers from including cash-through-the-mail or electronic cash transfers via Western Union or similar companies.

UK police had previously encouraged eBay to ban electronic cash payments via Western Union and other wire services to reduce the threat posed by con artists.

eBay will continue to allow items to be paid for using cheques, credit and debit cards, and its own PayPal electronic cash service – which requires recipients to have their own verified PayPal account.

Those listing items with cash payment options risk seeing their listings taken down by the company, although cash-on-delivery options are still allowed.

PayPal itself is targeted by phishers trying to steal the PayPal log-in and personal details of account holders via e-mails linked to fake PayPal sites.

eBay continually has to request the shutdown of servers hosting PayPal fraud scams.

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