How long can PayPal payments be reversed?
JDelage
Posts: 724 ✭✭
I have sold coins on eBay and received payment, and I'm wondering if I should hold on to the coins for a couple of days?
Admittedly the buyers have strong positive feedback records, so it probably doesn't matter.
Thanks,
JD
Admittedly the buyers have strong positive feedback records, so it probably doesn't matter.
Thanks,
JD
"The greatest productive force is human selfishness."
Robert A. Heinlein
Robert A. Heinlein
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Russ, NCNE
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
I'll agree with that ... 7 of my 12 bidders already paid with PayPal from some stuff I ran last night ... and seven packages went out at the post office today. If PayPal says it's cleared then it's time to ship.
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
Robert A. Heinlein
<< <i>Has anyone here ever had a fraudulent chargeback filed against them? If so, was the customer from an "unconfirmed" address? >>
Yes for over $800.00 and the address was confirmed and the package signed for. PayPal has "hidden" TOS. Go to Paypalsucks.com and read #3 - it's for real. The address was a mail drop (got confirmed, though) and the contact phone number was a fraud. Ebay never did NARU the account.
They seperate themselves. A bad paypal payment will not impact e-bay and vice-verse.
Even a bad payment at paypal can not be traced as a potential acceptor of funds from someone who has had a history of bad transactions. It would be nice if there were a system like feedback if someonoe renigged or stopped a payment. All you ever get is the amount of good transactions there are.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
<< <i>E-Bay and Paypal are not really linked, legally speaking. >>
Interesting.
They are linked to the public, but I guarantee you they are two seperate companies.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
<< <i>Try talking to Paypal about E-Bay and getting them to do something.
They are linked to the public, but I guarantee you they are two seperate companies. >>
PayPal is fully owned by eBay. Ebay owns all the liabilities of PayPal.
Robert A. Heinlein
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Ouch! Can you PM me the ebay account so I can block them as a bidder?
<< <i>
<< <i>Has anyone here ever had a fraudulent chargeback filed against them? If so, was the customer from an "unconfirmed" address? >>
Yes for over $800.00 and the address was confirmed and the package signed for. PayPal has "hidden" TOS. Go to Paypalsucks.com and read #3 - it's for real. The address was a mail drop (got confirmed, though) and the contact phone number was a fraud. Ebay never did NARU the account. >>
If you don't have signature confirmation then Paypal will let the chargeback stand. They are picky little devils. It does not matter if it was sent registered, delivery confirmation, expresss if you don't pay the $1.80 for signature confirmation they screw you. Most everything requires a signature but those don't count.
I have a few friends that got burned from this and now anything over $500 gets sig confirmation. I learned from thier mistakes.
<< <i>Yes for over $800.00 and the address was confirmed and the package signed for.
Ouch! Can you PM me the ebay account so I can block them as a bidder? >>
What???? PM??? Post it for everyone to see. Geesh
Unfortunately, that is the way it works. I worked in the credit card department of a major bank. Specifically in the chargeback area. When accepting payments with PayPal, you are essentially a credit card merchant. VISA/MC and the like have specific rules that protect the consumer, not the merchant. Almost every chargeback dispute I saw the cardholder won the claim. My advice to you or anyone else is buy everything with a credit card, but just remember to pay the balance off each month because the banks just love the juice.
--K
<< <i>Josh,
Unfortunately, that is the way it works. I worked in the credit card department of a major bank. Specifically in the chargeback area. When accepting payments with PayPal, you are essentially a credit card merchant. VISA/MC and the like have specific rules that protect the consumer, not the merchant. Almost every chargeback dispute I saw the cardholder won the claim. My advice to you or anyone else is buy everything with a credit card, but just remember to pay the balance off each month because the banks just love the juice.
>>
Is that true? I have been getting charged 9.95 a month from EAgames for over a year and have tried everything to stop it. The refuse to cancel or return my emails. The CC company refuses to stop processing them and and says that anything a merchant charges goes through. I need to have my card reissued to stop this. BRRRRRRRRRRRRRR
<< <i>I transfer out my paypal as soon as it arrives.
<< <i>Josh,
Unfortunately, that is the way it works. I worked in the credit card department of a major bank. Specifically in the chargeback area. When accepting payments with PayPal, you are essentially a credit card merchant. VISA/MC and the like have specific rules that protect the consumer, not the merchant. Almost every chargeback dispute I saw the cardholder won the claim. My advice to you or anyone else is buy everything with a credit card, but just remember to pay the balance off each month because the banks just love the juice.
>>
Is that true? I have been getting charged 9.95 a month from EAgames for over a year and have tried everything to stop it. The refuse to cancel or return my emails. The CC company refuses to stop processing them and and says that anything a merchant charges goes through. I need to have my card reissued to stop this. BRRRRRRRRRRRRRR >>
You should be able to call your credit card with this story and they will stop the charges and reimburse you for the last couple.
<< <i>I transfer out my paypal as soon as it arrives.
>>
It wouldn't matter if you transfer the money out. Isn't pay-pal tied to a bank account? Can't pay pal just pull the money from the account?
<< <i>I have a few friends that got burned from this and now anything over $500 gets sig confirmation. I learned from thier mistakes. >>
Might lower that threshold a bit; PayPal requires sig conf on all items over $250.
<< <i>It wouldn't matter if you transfer the money out. Isn't pay-pal tied to a bank account? Can't pay pal just pull the money from the account? >>
PayPal is tied to A bank account. A bank account which could be at a different bank than your primary and could have a balance of $0 in it
<< <i>Is that true? I have been getting charged 9.95 a month from EAgames for over a year and have tried everything to stop it. The refuse to cancel or return my emails. The CC company refuses to stop processing them and and says that anything a merchant charges goes through. I need to have my card reissued to stop this. BRRRRRRRRRRRRRR >>
I would call your state attorney general's office, their state attorney general's office, and try to find the phone number of their CEO. I would think that if you send a letter to them, in writing, and they continue to bill your card, you would be able to sue them. Emails, however, may not count as sufficient legal notification...not sure, just speculation--that or they are auto-deleted by EAgames' server (woot for customer service!).
Open a second checking acct. Have your funds sent from paypal right away and then withdraw right away. I have had one person try to do a charge back, but failed because of two reasons. The first reason was, my bank has a block on any transaction connected with gambling sites, and PAYPAL. The second reason is how will anyone be able to high jack a account with no money in it. Take a picture of contents, save your postal receipt showing the weight, address and insurance claim number. Lastly pay the insurance for the item so that you get a sig for the delivery.
Going back to the one person that tried to charge back 2 Superbowl tickets back in 2000. They were barred from ebay/paypal and the ticket company was investigated by the US Postal Inspector for Fraud, They wanted me to file a complaint and try to recoup the money for tickets they told PAYPAL that was not delivered. Oddly my name and PSL account number were on the Superbowl tickets because I won them in a pool for being a season ticket owner.
My same tickets were purchased on a alternate ticket website that this owner used. The Postal inspectors fraud team received my tickets that were never delivered in their complaint a month later for 3 times my price and that should answer your question of what happened next. TY
*P.S. Until this day I don't know what happened to the ticket broker, but know that I didn't lose a dime.*
<< <i>So to prevent these problems just get a "signature required" from your delivery? >>
<< <i> Lastly pay the insurance for the item so that you get a sig for the delivery. >>
You'll be awfully surprised one day if PayPal does a chargeback on you because you didn't invest in signature confirmation. Once more, I repeat: for purchases over $250, PayPal REQUIRES signature confirmation. Not insurance + signature, but SIGNATURE CONFIRMATION. It costs $1.80 extra from the Post Office. Of course, if they do a chargeback you can always just refuse to pay them, but why even let it get that far? Simply use sig conf and avoid the problem.