> > > >Q. If you are sent funds via online banking (including BPay for Australia), can those >funds be reversed, and if so, how long after the transaction has taken place does the >power to reverse exist? >
Bpay can be, online transactions no (however banks can do what they like) > >Q. If funds sent to you via online banking (including BPay for Australia) are later >found to have come courtesy of some kind of criminal activity, does the bank take the >money back from you, or do they eat the cost themselves? (Naturally I don't care >about to poor schmuck who was robbed, I care about the merchant) > I had 3 lots of funds sent to me on an online transaction for three orders all of which were fraudulent. The first one went through and the crim was paid (goddamit). I receive the following two payments and orders a few days later. As there suddenly became an apparent similarity between the orders despite the different names egold accounts etc., it looked suspicious so I held onto to them. Sure enough the bank came to be cap in hand ... 'cough cough,. ahem those funds are fraudulent along with that other one,. can you return them pleeeeeaasee'. Well they were happy that I could return the last two but the first one .....sorry gone. As each one was for 2k AUD they were happy to get the 4K AUD back. However, if it was 100K AUD it might have been a different story. I have seen two banks on a fraudulent cheques for over 50,000AUD act without compunction and grab the funds from wherever they are notwithstanding. So I guess it depends on the banks perception of what they can stand by way of loss. > ANZEAs ... I like that! > -- Kind regards, [EMAIL PROTECTED] A Member of the Gaithman Group of Companies An Accredited Founding Member of the eCurrency Trade Association Inc http://www.gold-today.com 'Always check that gold account before you spend. Go to www.currencyregistry.com it's free!' --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
