Caporegime
You say that but the last 2 things I sold on there, which both went to people with good feedback and cost very little in the scheme of things, ended up being attempted fraud.
Basically two identical claims where the buyer waited around 40 days and then claimed they never got the item. One was a wireless headset I bought for work (call centre/tele sales headset) which was a £40 sale and an SSD which sold for £30. Luckily I had the receipts for both and when I sent them proof that they signed for it despite claiming they didnt ,the funds were then released straight away. Both sellers are still active and they left it just long enough that they were relying on me not having the receipts to prove they signed for it and Paypal/Ebay taking the cash off me and giving it to them.
The fact this was two different people who both had good feedback suggests this happens a lot.
The removal of negative feedback stops you being able to weed out the chancers too or warn others.