hi everybody.... i am thinking to change my payment option from Xoom to Plimus since Xoom's fees is very high... so before i start accepting Plimus, i need to know few things.... 1) How many days or months someone can reverse a payment if paid by PayPal to my Plimus account? 2) will Plimus lock my account if too many reversals are made from me? 3) how many days a CC chargeback can be made at Plimus? does Plimus have any limited days for chagebacks? 4) if someone made a reversal or changeback and Plimus already paid me the money, then will my my balance go -ive? and what will happen if my balance get -ive at Plimus?
1) With Plimus, they give you the option to work out with the customer through their refund/dispute option. 2) No that I am aware of but I guess they may give you some kind of warning. Plimus will perform several test before accepting a payment. 3) Chargeback is a function of the bank and Plimus has no control over chargeback. I believe the typical timeframe given by the bank is 180 days. 4) If someone does a chargeback, what happens is that Plimus will inform you about it and you see a negative balance. The following month income will use to cover the shortfall until it is in the positive territory before you get paid.
thanks buddy for answering all my questions... you have solved a big problem for which i am really greatful to you....