I bought an iPhone off eBay last week and now the seller has gone AWOL. So I started investigating how to get my money back from PayPal.
First off, they only insure up to $350. Second there are 1,274 exception clauses. Make sure that you read the PayPal security page before making any large purchase.
I read the eBay forums and it is full of people who have had the same experience - they purchased something, the seller ran away with their money and PayPal refuses to pay the money back.
I figure I'm out $500. Expensive lesson - I'll never use eBay ever again.
The guy I bought from has 100% on his feedback, but obviously that is not sufficient.
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