Ive been using paypal for small transactions like forum posting and content creation.Im slowly moving into affiliate marketing and link selling.I have a verfied paypal a/c.If at all someone puts a chargeback on me and by then if I have withdrawn my funds,will paypal take the requisitve amount from my Credit card?.. or in that case how will paypal go about it..Btw..am not scamming anyone ..I've posted this only because i want to keep the credit card away from all my transactions and as most of you know,there are times when perfectly legit deals are put under chargeback..
They don't take from your CC or Bank. But they place a HOLD on your account and you will have negative balance shown when you login and to clear that as soon as possible. You will have to pay them via Cheque to Payapl to increase your balance to "0" and use account normally! If you don't respond them for a long.. you will run away with some money.. but they will close your account.. but you are messing them with your personal information. Who knows.. they might file a case against you... but I am sure if you pay them via Cheque.. they open you account back to normal. Cheers!
Thnx for the reply.!! am still a newbie in online entrepreneurship and i wanted to clarify the basics of paypal before I use it in the long run..No intentions of scamming anyone..
oh you dont want to know my horror story at paypal last month. i get scammed badly and lost a huge amount of money because of chargeback fees that was taken from my credit card... so i not only lost my earning but lost my own money as well because when a chargeback is made, then they take the money and then they will take the chargeback fees from you which starts from $15 minimun.... Dsince that happen to me, i have nightmares every night... and i wake up screaming in the middle of the night...) but this is not all, your account will be locked and you will never be able to use paypal again unless you chage your name and address.... so be careful because it can cause you a big pain in the *** lololololol.....
but recently, when i charged back a guy who scammed me, paypal said this guy has only 5$ in his account and that it will look into matters and get back soon. i got the 5$ back... but what about the rest of the money... will i get it ??