Topic: Question on Paypal chargebacks: Then how did Virwox survive chargebacks? (Read 593 times)
October 09, 2016, 12:54:21 AM
If we look at virwox charges very well we shall see that they charge about about 15% on the paypal t btc exchange, on the part of charge back survival, paypal no longer offer charge back on digital products.
October 07, 2016, 10:16:10 PM
I am raising this up for more discussion. I do not think paypal is a failure system. But it is a combination of scammers and incompetence of the legislations of the country that pp is situated in plus the different set of corporate regulations in each country.
October 03, 2016, 09:25:19 AM
I am slow to realised that Virwox technically did not sell Bitcoins through Paypal. Virwox is providing a service to facilitate transferring of Bitcoins. In charge back scenarios, the scammer had to prove that Virwox did not render the services that were agreed upon.
From this angle, is this why Virwox survived so long? Or the horrid stories about Paypal comes from PayPal USA? And perhaps Paypal Europe is more forgiving towards the seller?
From this angle, is this why Virwox survived so long? Or the horrid stories about Paypal comes from PayPal USA? And perhaps Paypal Europe is more forgiving towards the seller?
October 03, 2016, 12:49:31 AM
If Virwox can survive bitcoin sales chargebacks when they are selling high volumes of bitcoins via Paypal, why can't other Paypal users survive chargebacks? The common argument is that Virwox charges very high fees. But high fees has no link with whether Paypal terminates its working relationship with Virwox.
Is it because Virwox is based in Austria and its local Paypal office has different sets of legislation to follow?
Is it because Virwox is based in Austria and its local Paypal office has different sets of legislation to follow?
its impossible to avoid chargebacks 100% of the time, "if there is a will there is a way". but virwox presumably does better due diligence than most.
say an average btc<->paypal had a 50% scam rate usually.
by doing due diligence, you can decline trading with certain people.
then out of those that pass a certain due diligence criteria, you then filter out some more people based on other things. until you have a safer level of scam-ability. and then charge a fee to cover that level.
normal paypal users wont and sometimes cant do the same level of checks for many reasons
1. they are just individuals with no access to any checking services (credit reports, corporate blacklists)
2. they are individuals and blindly think paypal protect them so they can be lazy
3. they are individuals and dont have the knowledge/experience to see the red flags
October 03, 2016, 12:17:48 AM
you can't chargeback with a verified paypal account.
virwox only support this feature (of Paypal).
but, virwox, it's 7% of fees ... and up to 13% in regulars levels.
virwox only support this feature (of Paypal).
but, virwox, it's 7% of fees ... and up to 13% in regulars levels.
Oh ok. Is there a clause that states charge backs cannot be done against a verified paypal account?
October 02, 2016, 10:41:47 AM
you can't chargeback with a verified paypal account.
virwox only support this feature (of Paypal).
but, virwox, it's 7% of fees ... and up to 13% in regulars levels.
virwox only support this feature (of Paypal).
but, virwox, it's 7% of fees ... and up to 13% in regulars levels.
October 02, 2016, 10:22:25 AM
If Virwox can survive bitcoin sales chargebacks when they are selling high volumes of bitcoins via Paypal, why can't other Paypal users survive chargebacks? The common argument is that Virwox charges very high fees. But high fees has no link with whether Paypal terminates its working relationship with Virwox.
Is it because Virwox is based in Austria and its local Paypal office has different sets of legislation to follow?
Jump to: