Quite recent 03/12/12. Story of a seller trying to sell off his old iPhone getting let down badly by PayPals seller protection program, with some really bad shortfalls in the policy being exposed such as “PayPal stating that I am in fact NOT ELIGIBLE for Seller Protection for this transaction because ”not as described” chargeback apparently is not covered by Seller Protection.” few other bits ripped out of PayPals terms are covered any how long story short the buyer was able to rip 3 sellers off for 3 phones because PayPal allowed it.
I sold iPhone 5 on eBay to a fraudster that issued “ITEM NOT AS DESCRIBED” chargebacks against me and 3 other sellers and won. eBay/PayPal did not cover me under Seller Protection and did very little to dispute the chargebacks or to force the buyer to send it back.
Im out of nearly a thousand dollars(after eBay fees) and the iPhone while the fraudulent buyer is enjoying his FREE iPhone from me and 3 other sellers and both PayPal and eBay do collect fees from these fraudulent transactions that they do not help with resolving.