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In Need For Paypal Seller - Really Need

If it was a stolen PayPal account that they used, you will lose the chargeback since it was stolen funds and the money doesn't belong to you. If it wasn't a stolen account and the guy is just tried to file a dispute you might have a chance if you call PayPal. Also check if is a "Unauthorized Claim" or "Chargeback". If it's a chargeback there is no chance you will win.

No, it was "Unauthorized Claim"
 
The only thing to do is to pay off the debt and move on. If you used your real info on the account, they will send collection notices after a while.
 
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Try call PayPal and explain the situation to them. However, at this stage any sort of rectification that would have positive ramifications on your end seems slim, more so none. I'm not sure in regards to being in negative debt if/when they will demand repayment. All I can say is that you call them, sooner the better.
 
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