what happens in case of fradulent transaction on paypal
Hi,
Consider a case where person transfers money to me on paypal and money gets credited in my bank account.
Now what if the person was using a stolen credit card on paypal site with a dummy account name etc.
In that case what i understand is the person with the credit card will go for a charge back may be within 3 months or less.
Now what happens -
1) I will get into trouble with paypal ?
2) will i have to refund the money to paypal as it may show a negative balance ?
3) could it lead to my account block on paypal.
Although here the person who transfered money is at fault. And i genuinely did a task for him. so he paid me.
Please let me know your thoughts or any such experiences you have
Thanks
Consider a case where person transfers money to me on paypal and money gets credited in my bank account.
Now what if the person was using a stolen credit card on paypal site with a dummy account name etc.
In that case what i understand is the person with the credit card will go for a charge back may be within 3 months or less.
Now what happens -
1) I will get into trouble with paypal ?
2) will i have to refund the money to paypal as it may show a negative balance ?
3) could it lead to my account block on paypal.
Although here the person who transfered money is at fault. And i genuinely did a task for him. so he paid me.
Please let me know your thoughts or any such experiences you have
Thanks
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ASKER
That's interesting if they recover money in case of real customers etc. Then I was talking about fraudulent case...which they will certainly recover from me.
Is there a time limit. Like say if 3 months or 5 months after which I can say yes now the money will stay with me and there won't be any case of recovery... Chargebacks or fraud cases...
Is there a time limit. Like say if 3 months or 5 months after which I can say yes now the money will stay with me and there won't be any case of recovery... Chargebacks or fraud cases...
ASKER
All these questions came to mind after doing some small freelance work for some random guy.
You guys are experienced in it. I am very new to this. Although it feels good to get money and not bother who is paying you.
But in this particular case the guy is seems very suspicious....
He doesn't reveal his real name. Not where he is from.
He put two payments in my PayPal account.
Both with random names and random email ids.
And the last work which I even discussed on EE. Seems like he wanted to scam people. By hiding the domain or other url part.
Make me worry. Should I let go of him..
May be block him on skype..
Have you guys encountered such a case
Any suggestions.
You guys are experienced in it. I am very new to this. Although it feels good to get money and not bother who is paying you.
But in this particular case the guy is seems very suspicious....
He doesn't reveal his real name. Not where he is from.
He put two payments in my PayPal account.
Both with random names and random email ids.
And the last work which I even discussed on EE. Seems like he wanted to scam people. By hiding the domain or other url part.
Make me worry. Should I let go of him..
May be block him on skype..
Have you guys encountered such a case
Any suggestions.
ASKER
Also when a user files chargebacks. Ideally what's the exact process. I guess
He will have to write me an email or something to return the money. And if I don't return the money in 15 days. Then he can go to credit card company and apply for a chargebacks.
Is that correct ?
That's really weird for me to swallow when you said above -
You sold real product to real customer. And still he got money recovered from you.
Insane. Seems quite a loophole
He will have to write me an email or something to return the money. And if I don't return the money in 15 days. Then he can go to credit card company and apply for a chargebacks.
Is that correct ?
That's really weird for me to swallow when you said above -
You sold real product to real customer. And still he got money recovered from you.
Insane. Seems quite a loophole
you're not involved the payment gateway (paypal) gets the chargeback from the CC issuer and vods the transaction..
Most people are honest.. Yes it is quite a loophole which is why some vendors don't use paypal any more.
Most people are honest.. Yes it is quite a loophole which is why some vendors don't use paypal any more.
ASKER
visa direct is one payment gateway but chargebacks are a fact of life. Even if you don't use a payment gateway they still will happen. I only ship to addresses that are verified by paypal
laws are not the same worldwide. you need to act based on local laws.
if you are unsure about the vendor, you can get paid through wired transfers provided by companies such as western union. no going back. even if you loose the payment ticket, there is no refund.
or you can get paid in bitcoins or whatever cryptocurrency. no refund either.
if you are unsure about the vendor, you can get paid through wired transfers provided by companies such as western union. no going back. even if you loose the payment ticket, there is no refund.
or you can get paid in bitcoins or whatever cryptocurrency. no refund either.
ASKER
Each time from a different account with some random email id on paypal.
I find that person suspicious. Although I have received the money it's only 1-2 weeks. Chargebacks could happen in 3 months.
In such a case should I inform paypal beforehand that I have some suspicion about these transactions?
or just leave it as such.
Any suggestions ?