"Really nobody on eBay anymore is subjected to fraud.”

[ted_200]

Seriously?

“There are two things that eBay has done in the last 10 years that have taken fraud to a meaningless number," Wenig told Lauren Goode of The Verge in an interview... on Thursday morning. "Really nobody on eBay anymore is subjected to fraud."

One is the combination of computer technology and employees who comb the site for tell-tale signs of fraudulent products. The other is the company's five-year-old Money Back Guarantee program, which refunds buyers when they run into problems with a purchase.

Noting that eBay's fraud rate was at a "historic low," Wenig added, "At this point, fraud shouldn't be an issue for anyone that buys or sells on eBay."

https://www.recode.net/2016/6/2/11845930/ebays-ceo-fraud-not-issue

[gracieallen01]

Basically, what it says is that a database transaction is any completed action that hits on the database.

A database transaction could be something as simple as checking or unchecking the "Keep Me Logged In" or the "Make An Offer" box and hitting enter.  That is a database transaction that changes the database by writing a choice/result or changing a previous choice/result, and is then permanently recorded - written to - the permanent and saved database.  It may be changed later, but that would be yet another database transaction, and also, everytime it is changed, another transaction.  In essence, an online sale is made up of many database transactions.

[southern*sweet*tea]

That article is misleading if you don't understand what it's talking about lol

Think about this:

Ebay has more or less one billion live listings at any one given time. If Ebay had one billion SALES transactions daily, the site sell thru rate would be near 100%. We all know that's faaaaaaaaaaaar from being true.

Let's pretend Ebay's average sell thru rate sitewide is ten percent. That's 100 million sales daily. That makes more sense.

[lacemaker3]

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@ted_200 wrote:

Seriously?

“There are two things that eBay has done in the last 10 years that have taken fraud to a meaningless number," Wenig told Lauren Goode of The Verge in an interview... on Thursday morning. "Really nobody on eBay anymore is subjected to fraud."

One is the combination of computer technology and employees who comb the site for tell-tale signs of fraudulent products. The other is the company's five-year-old Money Back Guarantee program, which refunds buyers when they run into problems with a purchase.

Noting that eBay's fraud rate was at a "historic low," Wenig added, "At this point, fraud shouldn't be an issue for anyone that buys or sells on eBay."

https://www.recode.net/2016/6/2/11845930/ebays-ceo-fraud-not-issue

---

That article is two years old. It's from June 2016. Who knows what the fraud rate is now.

[rustydalmatian]

Betcha the interview took place on April 1.

[wolfbyte]

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@gracieallen01 wrote:

... just had to pull out the ole dictionary of ebayese.

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Agreed. We need real, meaningful data that has been properly and objectively collected and presented to believe statements like this.

"Meaningless" is a subjective and rather dismissive term. I would like to see eBay properly back statements such as this with proper data. The validity of the data they have provided to the Community in the past is questionable. The careful manipulation of words and numbers, combinded with subjective statements created to support a company's position is an old game that so many of us who have worked in corporate America have seen too many times and can easily see through.

[gracieallen01]

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@wolfbyte wrote:

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@gracieallen01 wrote:

... just had to pull out the ole dictionary of ebayese.

---

Agreed. We need real, meaningful data that has been properly and objectively collected and presented to believe statements like this.

"Meaningless" is a subjective and rather dismissive term. I would like to see eBay properly back statements such as this with proper data. The validity of the data they have provided to the Community in the past is questionable. The careful manipulation of words and numbers, combinded with subjective statements created to support a company's position is an old game that so many of us who have worked in corporate America have seen too many times and can easily see through.

---

Problem:  One would have to know what they were talking about, AND be willing/able to part with the information.

I don't think that combination has ever happened on ebay.  'Meaningless' is, in and of itself, meaningless.