How chargebacks via PayPal come about?

chmod755

legendary

Activity: 1554

Merit: 1021

Quote from: JeemFromBoston on April 12, 2015, 05:23:52 PM

I've done many transactions over the last few months using PayPal both buying and selling at LBC, And have had absolutely no problems.

Have I just been lucky?

Either your risk management is very good or you've just been lucky - keep in mind that a chargeback could happen 180 days after you made a transaction.

JeemFromBoston

newbie

Activity: 53

Merit: 0

I've done many transactions over the last few months using PayPal both buying and selling at LBC, And have had absolutely no problems.

Have I just been lucky?

erpbridge

legendary

Activity: 954

Merit: 1000

I have never had a chargeback, but does paypal just accept chargeback requests for any kind of digital products or do they consider any kind of proof that may have been offered by the seller or the buyer ?

NyeFe

hero member

Activity: 699

Merit: 501

Here's a discussion, including a list of reasons, which explains why some buyers just ignore Paypal.
https://bitcointalksearch.org/topic/m.10913387

CreationLayer

member

Activity: 101

Merit: 10

Paypal does not have protections for trades for digital currencies currently unlike other purchases like physical goods.

When a chargeback is requested it is generally accepted and processed as they do not have much system to verify, hopefully at some point they will integrate a better solution, but if you're getting started I would not recommend even considering Paypal without someone you are 100% sure is legitimate.

Orhan1337

member

Activity: 117

Merit: 10

I am sure there has to be a way to prove the transaction went through via transcripts. There has to be a way to win a charge back.

waterpile

hero member

Activity: 602

Merit: 500

Quote from: Orhan1337 on April 11, 2015, 10:19:51 PM

According to PayPal:

PayPal generally does not offer consumer protection for purchases of intangibles. According to its user agreement: " 13.3 Ineligible Items. PayPal Purchase Protection only applies to PayPal payments for certain tangible, physical goods. Payments for the following are not eligible for reimbursement under PayPal Purchase Protection" - and "Intangible items, including Digital Goods" tops the list.

If this is the case, why are people afraid of trading via PayPal?

You know why? because chargeback is still happening. There are members still being scammed via paypal because of chargebacks.

Orhan1337

member

Activity: 117

Merit: 10

According to PayPal:

PayPal generally does not offer consumer protection for purchases of intangibles. According to its user agreement: " 13.3 Ineligible Items. PayPal Purchase Protection only applies to PayPal payments for certain tangible, physical goods. Payments for the following are not eligible for reimbursement under PayPal Purchase Protection" - and "Intangible items, including Digital Goods" tops the list.

If this is the case, why are people afraid of trading via PayPal?

Topic: How chargebacks via PayPal come about? (Read 649 times)