Meantime, the company plans to reimburse victims of a prolific scammer who stole thousands of dollars from Johnson and others. These services offer varying levels of protection from scammers. This makes a world of difference to credit card companies because, as far as they're concerned, their involvement ends when they transfer money to the payment service. These payment services work well for people who know and trust each other. That's fairly clear in the terms and conditions of PayPal's service.
Users can leave money in their stored-value account to trade back and forth.
They can transfer it to a checking account when they wish. But when you send money from a stored-value account, you are doing the equivalent of sending currency in the mail. Then you might have a chance of persuading the card issuer to refund your money. Usually the payment service washes its hands of responsibility, too. This is expressed in the terms and conditions that users are expected to read.