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Right, which is why they should only allow non-professional/low-volume sellers to make this restriction, that way new users can still buy from pro sellers to get some reputation, or people selling in odd-ball domains where such a restriction overly harm the seller.

If you sell, say, more than 500 items a year, you turn into a professional seller and you can't be as restrictive, but you are doing enough business for the occasional scammer to not make a large impact.

Of course, I think eBay is harmed relatively little by scammers like the one in the OP; so I can see why they haven't done much to prevent it at risk of loosing real business.

How many sellers would use a multitude of accounts to get around this restriction?

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