I haven't tried this method, but I think it just might work. Okay, so once you've received payment, withdraw it to your bank account, then remove your bank account from your PayPal account, and close your PayPal account! That way, there's no chance the scammer can chargeback as you would already have the cash and no PayPal account!
so always open new account? troublesome. find some paypal replacement. no chargeback and low fees. now i using ikobo.
Here's the exact reason why Paypal and other processors side with the buyer every time there is a dispute.
also you plan to do this after each incoming payment? It won't let you add that bank account in the future if it was associated with a closed account. so you're going to get one bank account for each and every incoming payment? lol
Of all the stupid ideas I have ever seen, this really takes the prize for the most stupid ever. Talk about shooting yourself in the foot - close down your Paypal account after every transaction? And how many times can you start up a new one? Why not shut down your business, and never buy or sell anything on the internet - yeah! that'll stop chargebacks!!!
What will happen if you make your account zero and someone chargeback? like if you transfer your money from paypal to your friends paypal? Why Remove bank account? Can they take money from Bank accounts?
Will people still buy from you if you use something other the paypay or 2checkout. I only ask because this is the first I have heard of ikobo, and I to would love to get rid of paypal but am scared that no one would recognize anything else.
ikobo suggested by tonystuck seems a good option if the receiving party is willing to forfeit the transaction fees. i'd love to have feedback on the same and other alternatives to `paypal. i'm sure we can, if we try. thanks in advance.
PayPal is our friend, and we'll have to respect their service. Because, let's be honest, without all these features they have - Nobody would use them. Really, almost every buyer uses them. and I'm pretty sure I know why (as you should know, too!)
Will not do that because it is troublesome. If I'm receiving payment each month, this means there will be at least 12 PayPal accounts per year.
So you do it that way and then Paypal raises the fees to cover the losses. Hmmm, maybe you should just not deal with shady people.
if you close your paypal account and later a chargeback comes through or any dispute they still charge you for it and if you ever open an account again they will link it to that, and also they will send the owing amount to collections
Try it once,paypal will reverse money which u have sent to others from same account just to recover once.