Just saw this on the online news, through it was relevant for this thread.
How scammers use eBay as a personal ATMHere's the first few paragraphs, worth a read.....
How do fraudsters "cash out" stolen credit card data? Increasingly, they are selling in-demand but underpriced products on eBay that they don't yet own. Once the auction is over, the auction fraudster uses stolen credit card data to buy the merchandise from an e-commerce store and have it shipped to the auction winner. Because the auction winners actually get what they bid on and unwittingly pay the fraudster, very often the only party left to dispute the charge is the legitimate cardholder.
So-called "triangulation fraud" — scammers using stolen cards to buy merchandise won at auction by other eBay members — is not a new scam. But it's a crime that's getting more sophisticated and automated, at least according to a victim retailer who reached out to me recently after he was walloped in one such fraud scheme.
The victim company — which spoke on condition of anonymity — has a fairly strong e-commerce presence, and is growing rapidly. For the past two years, it was among the Top 500 online retailers as ranked by InternetRetailer.com.
Read more:
http://www.smh.com.au/digital-life/consumer-security/how-scammers-use-ebay-as-a-personal-atm-20151103-gkq3aq.html#ixzz3qZTKlPA9Follow us: @smh on Twitter | sydneymorningherald on Facebook