Paypal?

[D--u--k--3]

I wanna start trading large ammount of money with paypal (I will be the reciever), but I have some questions.

If I verify my paypal account using my Credit Card, and lets say I recieve $1,000. If I spend my balance and the person who I recieved $1,000 charges back. Do I get negative credit? or that amount is taken from my Credit Card?

Can I remove my Credit Card from my paypal account after verifying it?

If the sender has a bank funded paypal account, and he claims and cancel, is there ANY way he can get his money back?


Thanks.

 

[D--u--k--3]

Anyone? I would also want to know how long after the trade the buyer can claim back.

 

[deluxe magic school bus]

you get negative credit and i think you can remove it. well i know you can remove bank accounts so probably credit cards as well

 

[D--u--k--3]

thanks

 

[Snowver]

Here's how it works.
You sell 1500M for $1000. Player A sends the money to you and you give him the gp or however you do it. However player A was a scammer and he charges back. You can remove your cc after verifying but you can't during a dispute. Paypal does NOT have the right to charge it after it's removed. If you lose the dispute (99.9%) then you get a -$1000.xx amount. Paypal will give you some time to repay. However..if you fail..then gf you because a collection agency will come after you. They'll come after you for $1000+. The collection agency only collects in the u.s.. Your credit score will be wrecked for the rest of your life that means no special financing on homes or cars etc. Also helpful tip: use playerauctions for that size or an OMM.

Also the buyer has 45 days. If he disputes but fails to respond within the week they give then auto win for you and they can't re dispute. A method you could do would be after transaction is over, get him to dispute then close case and you win.

 

[D--u--k--3]

Thank you so much.
So, after 45 days or if the buyer dispute then close case I'm 101% safe?

 

[Snowver]

Yes after 45 days he/she can't do anything. They can't even chargeback because that's 30 days..technically you're good after 30 but paypals rule is 45..

 

[Busta305]

Yes after 45 days he/she can't do anything. They can't even chargeback because that's 30 days..technically you're good after 30 but paypals rule is 45..

Actually chargebacks are 180 days.

 

The dispute/close method does not work. They can call up the credit card provider and inform that it was an unauthorized transaction and you'll still be screwed. Best method is just to NOT use PayPal.

This is from many experience and tries.