I'm wondering how long does it take for you to be sure you got the money when recieving money from paypal. Meaning how long is it that, you are not allowed to do chargeback.
Like I said in the other post, since Paypal does not own the credit card company, it has no control over any chargebacks. A Chargeback is a service provided by the bank which issued the credit card and it is the bank which decides if the chargeback is granted or declined, paypal just needs to comply with it and if a chargeback is granted, paypal has to refund the money. I believe banks may grant up to 180 days to its card holders to issue a chargeback. It however can be longer, I may be wrong but some banks may offer up to 365 days. If however, if someone pays you through their paypal funds then they have up to 45 days to raise a dispute.
I thought it was 60 days for time to open up dispute. But I didn't know they could authorize chargeback with cc at such a long time period. So would it be potentically possible for a guy to scam like 100 ppl in like a 120 time period and do like a chargeback to everything and just like scam everyone?
People generally do not go around doing numerous chargebacks as it would affect their relationship with their bank. Most of the cases of chargebacks is due to stolen credit card frauds. You will need to do your due diligence to ensure that you only deal with verified paypal account and that ensure that the details of the account holder matches.
i think sometime a changeback can be made even after a year as i have face it by myself... and lost the money about a year i guess.... so for one year you will have to think that your not safe from changeback...
I agree, its retarded. It's a nightmare for sellers, especially when there are so many fraud buyers out there nowadays. I also think, that they should pay at least a little attention to digital goods, instead of entirely ignoring it.
i wish that too... but its not going happen as the changeback is done by the credit card company to protect there customers as now a days lots of credit cards get stolen... and many losers use those cards to pay there own bills.... so that is why changeback is something you cannot stopped... its a good thing but some bad peoples missuse that feature to cause pain...
Like I said earlier, the Chargeback is a mechanism by the Banks and the Credit Card Companies, Paypal does not have any control over it. It would also be unfair for Paypal to assume all the risk for all your transactions by absorbing chargeback and chargeback fees as Paypal does not initiate the contracts between you and your customers, thus you should take the due diligence to minimize the risk of chargebacks and if they do happen, to take it as a business expense. Besides Paypal earns very little from each transactions to absorb the cost and during a chargeback, they will not only lose their commission, they will need to pay portion of the chargeback fees and it would affect their relationship with the bank. Chargeback is not something which is unique to Paypal but as long as you accept credit card sales online, you will be exposed to it. The only way you can totally avoid chargeback is not to accept credit card sales. The banks would side its customers because they are at risks too when someone stole their credit card details and make purchases. Online purchases does not come with physical card verification, signature or PIN authentication or any other kind of verification and thus the onus is on the merchant to proof delivery.