>eBay’s PayPal Service to Roll out ‘Advanced Risk Predictors’:

“In October, PayPal will test a Web Service that utilizes advanced risk predictors, giving merchants more information and control over whether to accept payments, while maintaining buyer privacy. The Web Service will fully rollout in 2008.”

This is good news for eBay sellers. Many of us have asked a way to detect fraud and manage our financial risk in a better way. We don’t want to lose money to fraudsters, but we also do not Paypal to stop transactions that could be flagged as risky, but we feel are legitimate transactions.

We all have stories where we could have lost a big sale if we just followed protocol, but did not look at the person’s name or call them by phone to build some rapport.