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Gaypal Seller Protection. Need some help. $2,800 at stake

Discussion in 'BlackHat Lounge' started by virus_1720, Apr 6, 2010.

  1. virus_1720

    virus_1720 Elite Member

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    hey everyone.

    I recently sold a site for around $2.8K and the buyer is willing to use his CC to make the payment. I have only a few dollars in my PP account and want to have the funds transferred to my PP account since I need to pay some money for things I have outsourced and PP is convenient.

    The main reason I am here is I want to know is there a way that I can protect myself against a possible chargeback? I mean you never know, if the person is not making enough money he might just chargeback and he gets the site also so I want to be sure that I am not risking $2.8k just for convenience sake. Is there a payment option that will ensure that the buyer cannot chargeback?

    I was thinking about moneybooker but I have never used it before so was a bit hesitant.

    Tell me what you think, I would want to receive the payment ASAP

    P.S : I am from INDIA if that helps
     
  2. snarky

    snarky Junior Member

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    The only way to protect yourself would be to withdraw the money from paypal as soon as you get it, then close the bank account that is linked to the paypal account (deleting the bank account from your paypal profile accomplishes nothing). iF the chargeback happens, you will owe paypal $2.8k which they can't recover from you. So obviously, you won't be able to have a paypal account in your own name ever again.
     
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  3. robertwatkins

    robertwatkins Junior Member

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    hey, you should really sell a site for that much money using sitepoint or you can use escrow dot com which will only cost 20 bucks. he puts the money in. when the domain transfers you get your money.
     
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  4. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    If you are decided on Paypal then make sure he sends the money as "goods". Then mail him a CD with the site on it (use tracking too). This will make it pretty certain you would win the Paypal dispute.

    If he goes to Visa (or other CC company) for a chargeback, you will still have all the evidence, and as long as you haven't been dishonest you should be okay.

    Either way, make sure you withdraw the money out of your Paypal asap so they can't get it back!
     
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  5. bosslabs

    bosslabs Newbie

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    Well after the guy pays you..wait till the money goes to your bank account from paypal which i guess would take 7-10 business days .And if buyer turns out to be scammer he would raise a dispute and of course, paypal would protect him and try to return the money..but till then hopefully you have withdrawn all the money from your bank account and remove your credit card from paypal.

    Just to save yourself from this headache, why not use escrow.com?
     
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  6. virus_1720

    virus_1720 Elite Member

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    I have made an account with moneybooker. I will request the money via money booker and then transfer the $2.8k to my PP account, withdraw some of the amount and leave the rest in the PP account.

    Can a buyer chargeback with moneybooker?
     
  7. virus_1720

    virus_1720 Elite Member

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    I have made an account with moneybooker. I will request the money via money booker and then transfer the $2.8k to my PP account, withdraw some of the amount and leave the rest in the PP account.

    Can a buyer chargeback with moneybooker?
     
  8. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    It's not moneybookers that will do the chargeback, or Paypal. If a buyer uses a credit card it will go through the issuer (usually Visa) who will then go to the Merchant (PP or MB) who will then pass this on to you.

    So ultimately, if they use a CC, there are no ways that I know of to completely protect yourself.
     
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  9. ericsson

    ericsson Elite Member Premium Member

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    How about signing on a Digital Contract?
    Tell him about it, so he knows that you are going to make one.
    If he back out, probably a faker. If he also thinks "Oh great" then he´s really into it.

    I´ve made some business with digital contracts before, and it works pretty well.

    //J
     
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  10. virus_1720

    virus_1720 Elite Member

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    where can I get a digital contract.
    In the past whenever PP was involved I made a email to the buyer in certain specific terms used in LAW and had them put their name in the end and send it back to me. This way I was always sure that I have something to prove that the buyer has got the goods he has paid for and the transaction is complete.

    Thanks for the reply ericsson
     
  11. kerozin24

    kerozin24 Regular Member

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    If he pays trough CC you aren`t safe he can chargback he`s money, use Escrow or WU instead PP!
     
  12. virus_1720

    virus_1720 Elite Member

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    moneybooker will take time to verify his CC details, what about escrow can he make the payment immediately? I mean without having to wait for CC verification
     
  13. theviralguy

    theviralguy Senior Member

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    Paypal doesn't protect against intangible goods though, which includes websites I believe, I don't think he can win a claim with paypal, but he could do a chargeback through his cc/bank. Go with escrow man, he can wire them the money or just pay with his CC. Also, come on gtalk sometime :) I always miss you online =\
     
  14. Shaneod21

    Shaneod21 Registered Member

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    Use escrow, that way you'll have no problems!
     
  15. virus_1720

    virus_1720 Elite Member

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    @viralguy : I am always on GTalk. On and off lately since I have my college exams but that doesn't stop me from my business. I am on BHW atleast 10 times a day