Paypal: Chargebacks and Limitations

You forgot to mention that ppl can have one bank account tied to paypal, then pay u thru paypal, then they can ask their bank to either block the payment to paypal or cancel that account and make a new one before paypal charges it.

 

how would they be able to tell their bank to block a payment if the funds would already be on the paypal account.. you cant pay without having funds already on your acc unless your using a CC

 

thank you for that topic! It helped me allot !

 

thanks for this guide.. actually last 3 years ago. i just got scammed 200m. because of this paypal. sorry noob english

 

nice guide thanks

 

Great guide thanks for making it!

 

Very helpful guide, would charge backs still work if you close your paypal account (not verified) before the buyer tries a chargeback?

 

If he didn't sent the money from a different IP, it was sent as a gift, can he win the dispute? (no notes were included)

 

Something you should add that is very important.

Never accept two payments of the same exact amount in a row. You're virtually defenseless against this too as someone can easily say one of the two was a mistake. This actually occurred to me the other day, but I legitimately accidentally sent two payments.

 

truth

 

I took in well over 200 gifts this year...needless to say paypal wasn't thrilled about that at all.

 

wish i saw this earlier... im so dumb. gf 150 dollars.

This should maybe be put in buying and selling sections too so people know this can happen.

 

is there anyway to get money back if i bought with paypal gift i was scammed and have had no reply from seller so if anyone can help me or simply say im screwed that would be nice

 

I love the guide, as I am trying to start a Gold selling business, Thankyou!

 

You can't do much. Gifts are not refundable unless you go to illegal methods, or unless you admit to paypal that you were violating their ToS and using a gift to pay for an item. Even then, they won't refund it unless you can prove the item was tangible and that it was never shipped.

 

Thank you very much for this post. Since I am new to trying to buy and sell this has greatly helped me out in making better and safer trades.

 

Thank you for this. Earlier in the thread you said don't use gifts, but in the post above it seems like it's now safer to use the gift option to reduce chance of chargeback?

Is that correct?

 

It's really no different either way. It depends on the person. Make sure you trust them as an individual. See if they're trying to rush the trade, if they'll verify their identity via a phone call or photo ID, etc.

The reason I say there's no difference is because a gift payment can be claimed as unauthorized like a goods payment. You can secure goods payments from item not received by making a note that it's a virtual good. Therefore, it's on the same level of security as a gift payment. The difference is:

You also aren't supposed to accept gifts for anything besides gifts between IRL friends and family. Doing them for other purposes leads to a limitation. A business wouldn't last very long.

 

Alright, thank you very much for that response.

I notice you're a middleman, how much do you typically charge?

I'm looking to sell a bulk amount of 07 gold, if you were to recommend a buyer to me, off the top of your head- who would it be?

Are you allowed to recommend, or do you have to remain unbiased.

Thank you for your help.

 

IGotTheMoves: I charge 10%, but if you sell to a major seller like RsUltimate there's no need for a middleman. Watch out for imposters though.