Giving the Bounce to Counterfeit Check Scams
The situation is actually getting worse. In one article, Californians lost over
one billion dollars to counterfeit checks last year! USPS money orders, certified checks, and personal checks are all easily counterfeited. There
have been numerous U.S. Congressional hearings on the issue, and the FBI
is stepping up its efforts as the situation escalates.
PayPal is not a sure thing. I received an e-check from PayPal a couple years
ago for an ebay item. Not having seen one before, I called customer service,
and it's a payment made against a person's checking account. I decided to
hold off shipping, and low andbehold it bounced! I called the buyer, and he
was very apologetic, saying that he had not updated his PayPal account, and
that the checking account he had used was closed!!!! He promptly sent a
money order, but I went to the post office to cash those. The post office
has a book of counterfeit serial numbers, and when I asked if they see counterfeit money orders very often, the response was "Oh Yeah."