I just wanted to mention that this month Trust Who is 1 year old. Over the past year we have grown to over 100 members who are all sellers of virtual items through eBay and their online store fronts. A little over a year ago I had a fraud rate that was above 3%. That was actually a very good number. Retail stores commonly have a higher rate than this. But still I wanted it to be lower. My brokers and I had been talking about for over a year a way for all of us to communicate together about scammers. They needed to be identified quickly and accurately so that is one of us got scammed it would remain only one of us and not the whole team.
A few years ago we experienced first hand what it was like for our whole team to get scammed. I lost about $2000 to just one scammer and our team as a whole went well over $10,000 in losses. All to the same guy. This has never happened again since this site.
This site allows us to keep track of the info on scammers. We all report them in one forum that has an alert program that monitors them. This alert program is free to use by anyone. You can download it here. This program will cause a little flashing "TW" to appear next to your clock on your desktop. This alert happens within 5 minutes of a new scammer being posted.
In the last year we have posted several articles on how to safely accept paypal and how to reduce your risk of taking funds from scammers. I'm proud to say that now I personally have a fraud rate that is less than half a percent. I sell all over the world, I take paypal and credit cards.
If you are already a member make sure you get the alert program. If you are not a member and you sell virtual items or intangible goods as paypal calls them then you should consider becoming a member. There is no cost. It's free because the more people we have working together the lower the fraud rate is for the group.
I'm pleased that this site has been a success and from the trend I know it will continue to be in the future.
Cheers,
Marcus Eikenberry
www.markeedragon.net
www.shatteredcrystal.com
www.markeedragon.com
