Because fraud is so rampant on ebay, many ebay sellers are requiring their buyers to confirm their address so that they will be covered by ebay and Paypal’s Seller Protection Policy. But what does this mean? This is ebay and Paypal’s way of verifying your identity. The system they have built covers the seller in the event of fraud and they buyer gets some other benefits too.
So how as an ebay buyer do you do this? Generally, you add your bank account to Paypal, Paypal sends you two small deposits, and you then report back the deposits. It is not full proof but it must have good enough success for ebay to support it.
As an ebay Seller, I have had Paypal tell me that someone fraudulently stole one of my buyer’s account to buy something from me. When this happens, I am liable and Paypal will always reverse the transaction taking the money out of my account but since I shipped it to the address given in Paypal and they had a confirmed address, they covered it and did not take the funds from me.
Had I not followed ebay and Paypal’s rules and the buyer’s address was not confirmed, they would have taken the money from me end of story. Im pretty sure if you add your bank account to Paypal as a buyer, you get coverage in the even that the seller is fraudulent.
As a buyer or seller, you will run across someone who will try to rip you off. If you are going to sell or buy on ebay, please read ebay’s policies before buying or selling anything. Many people jump right in and get ripped off right away. Others who are more cautious, get through without ever getting ripped off because of ebay’s policy.