In case I am Charge Backed with 0 $ in account

Discussion in 'Payment Processing' started by techcone, Oct 29, 2008.

  1. #1
    Suppose I got 50 $ from someone and I transferred to some one else all 50 $ now I have 0 $.

    Not the person charge back , what will happen , my transaction will also be reversed or I will have negative balance ?

    All this happens when I am not verified in PAYPAL .
     
    techcone, Oct 29, 2008 IP
  2. Bohra

    Bohra Prominent Member

    Messages:
    12,573
    Likes Received:
    537
    Best Answers:
    0
    Trophy Points:
    310
    #2
    Both cases are possible.. if maybe the person u send can prove that he has shipped the item than ur balance will be negative
     
    Bohra, Oct 29, 2008 IP
  3. techcone

    techcone Banned

    Messages:
    206
    Likes Received:
    5
    Best Answers:
    0
    Trophy Points:
    0
    #3
    No megamania , lemme explain again

    A buyer (User A) send me a seller (User B) 50 $

    Now I (User B) transfers to (User C) because he is my frnd ;)

    Now (User A) chargeback and succeeds.

    So will I have negative balance or the transaction I have made to (USER C) will also be reversed ?
     
    techcone, Oct 29, 2008 IP
  4. Codythebest

    Codythebest Notable Member

    Messages:
    5,764
    Likes Received:
    253
    Best Answers:
    0
    Trophy Points:
    275
    #4
    It will be negative and if you are linked to a bank account they will transfer the 50 bucks from your account to Paypal.
    In order to screw the people, you should charge the 50 bucks, immediately transfer them to your bank account while the buyer is waiting and once the money in your bank account (3-4 days), cancel your paypal account and you get the 50 bucks, no matter the chargeback. Time is of the essence here...

    I have lost some much money with paypal that I now know the tricks that scammers use with Paypal. Remember, if you are in the honest side of a transaction with Paypal, you will lose...
     
    Codythebest, Oct 29, 2008 IP
    techcone likes this.
  5. Codythebest

    Codythebest Notable Member

    Messages:
    5,764
    Likes Received:
    253
    Best Answers:
    0
    Trophy Points:
    275
    #5
    C will not be touched...
     
    Codythebest, Oct 29, 2008 IP
  6. Bohra

    Bohra Prominent Member

    Messages:
    12,573
    Likes Received:
    537
    Best Answers:
    0
    Trophy Points:
    310
    #6
    Yea thats what i am saying

    If u have sent the payment as service to C than paypal will reverse the transcation but incase its good than C can provide Shipping details than paypal investiagates and decides whether to reverse it or keep it. If they dont reverse ur balance goes to Minus.
     
    Bohra, Oct 29, 2008 IP
    techcone likes this.
  7. techcone

    techcone Banned

    Messages:
    206
    Likes Received:
    5
    Best Answers:
    0
    Trophy Points:
    0
    #7
    Thanks to all rep+ to all :)
     
    techcone, Oct 29, 2008 IP
  8. ashrey

    ashrey Peon

    Messages:
    4
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #8
    man wat a trick..really
     
    ashrey, Oct 30, 2008 IP
  9. [GV]AnarchY

    [GV]AnarchY Well-Known Member

    Messages:
    599
    Likes Received:
    4
    Best Answers:
    0
    Trophy Points:
    130
    #9
    wheres my rep ? :p
     
    [GV]AnarchY, Oct 30, 2008 IP
  10. AnonymousUser

    AnonymousUser Peon

    Messages:
    593
    Likes Received:
    6
    Best Answers:
    0
    Trophy Points:
    0
    #10
    You will get negative balance in most cases, I know because its happened to me alot, Some people paied with fraud payments so I transfered before paypal was informed and managed to get the money, But my other account now has -Negative money, So techincally I owe paypal.
     
    AnonymousUser, Oct 30, 2008 IP
  11. [GV]AnarchY

    [GV]AnarchY Well-Known Member

    Messages:
    599
    Likes Received:
    4
    Best Answers:
    0
    Trophy Points:
    130
    #11
    didnt think it was possible for paypal to go negative. learn something new everyday.
     
    [GV]AnarchY, Oct 30, 2008 IP
  12. techcone

    techcone Banned

    Messages:
    206
    Likes Received:
    5
    Best Answers:
    0
    Trophy Points:
    0
    #12
    Paypal ultimately wants to become us crook.

    Shhhhh ..... ;)
     
    techcone, Oct 30, 2008 IP