A Question About Paypal Gifts Where it says Payment type instant does that mean

BitCoinzRUS

newbie

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Quote from: WuLabsWuTecH on June 02, 2013, 05:09:49 AM

Quote from: DannyHamilton on June 02, 2013, 04:11:38 AM

This is not true. PayPal is reversible. It doesn't matter how it is funded. Do not accept PayPal payment unless you trust the person not to reverse the transaction.

This. Regardless of funding method, it is reversible. CC is just easier to do since the CC company will say screw PP if PP declines to chargeback and the CC will chargeback anyways. But PP has its own chargeback mechanism and even if you pay with bank account or PP Funds, you can still chargeback if you dispute with PP and win.

Thanks for the info guys. I wish I had known this sooner.

WuLabsWuTecH

sr. member

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Quote from: DannyHamilton on June 02, 2013, 04:11:38 AM

This is not true. PayPal is reversible. It doesn't matter how it is funded. Do not accept PayPal payment unless you trust the person not to reverse the transaction.

This. Regardless of funding method, it is reversible. CC is just easier to do since the CC company will say screw PP if PP declines to chargeback and the CC will chargeback anyways. But PP has its own chargeback mechanism and even if you pay with bank account or PP Funds, you can still chargeback if you dispute with PP and win.

DannyHamilton

legendary

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Quote from: BitCoinzRUS on June 01, 2013, 11:07:55 AM

However I am aware that Gifts are irreversible if funded through current account balance and not Credit Card or Bank Transfer.

This is not true. PayPal is reversible. It doesn't matter how it is funded. Do not accept PayPal payment unless you trust the person not to reverse the transaction.

Kaepora

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Quote from: BitCoinzRUS on June 01, 2013, 11:07:55 AM

A Question About Paypal Gifts Where it says "Payment type: instant" does that mean it was funded via Cash and not Credit Card or Bank transfer? I'm asking this question because I am using Paypal to sell Bitcoins. And am worried about fraudulent disputes where I send buyer Bitcoin they say the never received it and I end up losing my money since you can't prove delivery of Bitcoin with Paypal as they are ignorant about how Bitcoin works.

However I am aware that Gifts are irreversible if funded through current account balance and not Credit Card or Bank Transfer.

Paypal will pull money from whatever account it needs to, if you have enough funds available it will use that, if you don't have enough and you have a bank account connected it will transfer from there. I wouldnt reccomend selling BTC using Pypal though unless the people you are dealing with have a good reputation.

BitCoinzRUS

newbie

Activity: 32

Merit: 0

A Question About Paypal Gifts Where it says "Payment type: instant" does that mean it was funded via Cash and not Credit Card or Bank transfer? I'm asking this question because I am using Paypal to sell Bitcoins. And am worried about fraudulent disputes where I send buyer Bitcoin they say the never received it and I end up losing my money since you can't prove delivery of Bitcoin with Paypal as they are ignorant about how Bitcoin works.

However I am aware that Gifts are irreversible if funded through current account balance and not Credit Card or Bank Transfer.

Topic: A Question About Paypal Gifts Where it says Payment type instant does that mean (Read 2547 times)