I sold an item to buyer who bid 3 seconds before auction ended. Couple
hours later stated he can't afford to pay since living off retirement
income and won't be making payment.. Is it better to open unpaid item
case or just cancel sale?
Yes but the company that issues that piece of plastic also receives a
thing called interest. Which offsets potential losses. I’m not in the
credit game.
Understood.....However, Finra covers broker/dealers in transactions
outside the scope of us banking transactions/regulations/fdic...ie.
market based transactions which are not relevant in this matter. My
point is eBay is acting as a clearing house/th...
Mp certainly fall under the jurisdiction of the fdic, please see “Risk
Management Examination Manual for credit card activities”, Chapter XIX
for merchant processing activities. There are notice and disclosure
requirements the third party payment pro...
