1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Paypal - Chargeback Settlement

Discussion in 'The Shit List' started by r00t, Apr 10, 2009.

  1. r00t

    r00t Regular Member

    Joined:
    Dec 27, 2008
    Messages:
    310
    Likes Received:
    889
    Location:
    Mighty Europe
    WTF is the Chargeback Settlement?

    A guy buys me a product, and then states that the credit card was stolen by someone (no new story here, so many fuckers did this already).

    So, Paypal takes the money from me, and then I have to pay a $10 fee? For what?!

    [​IMG]

    These guys keep stealing people over and over; something should be done against pp
     
  2. pink princess

    pink princess BANNED BANNED

    Joined:
    Nov 9, 2008
    Messages:
    148
    Likes Received:
    101
    It was a credit card thats why. Because paypal has to pay fees or something on it. I have had this happen to me before. When they side with the buyer you have to basically pay paypals fees they give back to the buyer.

    Paypal sucks!
     
  3. creztor

    creztor Power Member

    Joined:
    Jan 20, 2007
    Messages:
    731
    Likes Received:
    295
    Location:
    Australia
    Home Page:
    Yup, paid by credit card (and I guess they were unregistered and paid directly with CC details) and you have to foot the chargeback settlement fee, or that is the logic behind it. You can't stop it but a good way to reduce it from happening is take payments from VERIFIED people only. Taking payments from unverified or unregistered is basically playing with fire. It's not just Paypal either before this turns into yet another flame paypal thread. I tried a different payment processor and I 90% of CC payments were fraudulent.
     
  4. dragunov

    dragunov BANNED BANNED

    Joined:
    Sep 29, 2008
    Messages:
    188
    Likes Received:
    97
    man paypal does bad things..they limit accounts and take money without properly investigating..
     
  5. caretaker2007

    caretaker2007 Power Member

    Joined:
    Dec 20, 2007
    Messages:
    720
    Likes Received:
    454
    Occupation:
    To create income streams
    Location:
    In a 6 by 3 plot
    Home Page:
    I have a guy that got his refund and now, 3 weeks later, is double dipping for a CB on his CC. The question for me is, will paypal take it's own transactions as proof of refund?
     
  6. dominantforce

    dominantforce Newbie

    Joined:
    Feb 16, 2008
    Messages:
    27
    Likes Received:
    3
    this is the paypal monolith yumyumyumyumyum free moolah
    in all seriousness that sucks fuck the scammers
     
  7. AffGuy08

    AffGuy08 BANNED BANNED

    Joined:
    Nov 14, 2008
    Messages:
    875
    Likes Received:
    491
    Now how can a stolen cc pays via paypal? I thought it have to create a paypal and verify the cc before making any payment.
     
  8. waysofmylife

    waysofmylife Newbie

    Joined:
    Apr 5, 2009
    Messages:
    33
    Likes Received:
    9
    Occupation:
    hustle
    Location:
    ohio
    Yes, paypal sucks... I try to keep a $100 balance and never go over it. I'm currently doing around 20-40 transactions at day and I get at least one of these a day. When I first started I lost 9/10 claims like this. I'm now wining 9/10 and 80% of the time my traffic service wasn't fully completed, so I make even more money. I have no clue why paypal has be siding with me on recent events - but I will takeit while it lasts.
     
  9. r00t

    r00t Regular Member

    Joined:
    Dec 27, 2008
    Messages:
    310
    Likes Received:
    889
    Location:
    Mighty Europe
    I'm using Click2Sell to accept payments, so I can't really choose which type of payments to accept! =/

    Sorry for offtopic:
    AffGuy08, why don't you answer me on YM? Only PM? :p
     
  10. pink princess

    pink princess BANNED BANNED

    Joined:
    Nov 9, 2008
    Messages:
    148
    Likes Received:
    101
    One thing do reduce the risk of reversals is to send invoices, choose services for the reasoning & always post VIRTUAL GOODS in the text area which is a place to put instructions for the buyer.

    Theres nothing you can do about credit card chargebacks because they almost always win.