Bitcoin Forum

I wanted to know how to escape from Chargebacks?

Let's say if you are going to sell BTC for PayPal.

So I'm giving one of my PayPal email and once I received the BTC, if I transfer the payment to another PayPal email of mine, still is there any possibility to chargeback my second PayPal which TRANSFERRED TO?

Please advise.

of course not otherwise the whole transactions of paypal will get raped
if you send to a second Paypal account , your money is safe however if your first paypal account is related to credit card or bank account they may take off money from it , if not ... your balance will become negative and they will take money once you have it on ur account

Its amazing that paypal deals happen,I have read nothing but bad stuff about chargebacks.

Depends on how far the people at paypal want to go.  That's not a question to ask this forum, but paypal themselves.  Additionally, the best way to "escape" is to not do these easily reversible transactions unless you are up for the risk.

Sadly BTC is not easy to buy/sell with paypal.   There is not a good way to stop bogus chargebacks.  So this creates the ones who do sell for paypal to get a considerable margin over that day's prices. (I'm guessing you saw prices and that's why want to sell or it)

Paypal can easily lock accounts.  If they see a history of transferring money into another account and there is a chargeback they simply have to lock both accounts.  Only way the money is really safe is if it's pulled out of paypal.  Even then though they could come after you on a chargeback.   

I highly suggest not doing paypal for BTC.  Until paypal changes policy's it is not worth it in my opinion.  Only thing you might be able to do better is send a paper wallet in mail and say no return.   You can then show paypal a delivery of something, could make it signature required to strengthen it.  But it still can be a dispute even with this.

The receiver would claim that the address was empty, or got emptied while in transit.

How could the seller prove otherwise?

paypal is the biggest shit in history. i would love to have an alternativ. this is why i love bitcoin  :D

completely agree, paypal is the worst wen it comes to their chargeback policies; the scammer wins just about all the time, I dont plan on using paypal again either after some recent events.

I think, when you sell btc with paypal, there is a really little probability to get back money.
Get back btc  ;D ;D really impossible! At least you can hope the thief have some retard and give you access to him pc... yes for me it's impossible and no one can help you in this case.

Maybe if you sell "voucher code" related to btc, you can be more lucky because the thief can left some "trace" around here...

There is only one solution: Not accept paypal!

there is no way to fully prevent chargebacks with Paypal. they will freeze the money at any point down the line. you can only deal with reputable people and charge a premium to account for the risk of chargebacks.

You realise you can have a negative balance right? I'm also pretty sure it's against PayPal's TOS to have two accounts.

That is why I personally never would sell BTC for paypal.  There is no way to prove the buyer got it.

With shipping a paper wallet with signature you could show coin's leaving after they sign for package.  So that show's something if you needed to.  It would help in a dispute but you could still lose it as you cant show went to buyer on BTC.

paypal has always been shit.. even before bitcoin..
if you sell something on ebay, and the buyer says it doesnt work.. the first thing paypal does is freeze your account and take the money back.. if its not in there they will take it from the bank or credit card that is tied to the account..


to get your money back YOU prove it was working before you sold it..

the thing bout paypal is your account CAN go to the negative so even if you already took the $ which you were paid off the account it can still be charged back and now you are in debt to paypal...

tl;dr - don't sell BTC for PayPal

/thread

Thanks for the responses  >:(

Also though if you have the person pay an invoice and state on the invoice when they pay it that they have already received the services with no complaints that will help your case if someone does try to charge back since they are already stated to have gotten the service as paid for and expected with no complaints

You transfer it to your bank account, then close your paypal account and stop buying bitcoin with paypal and stop using PP period.

First of all PayPal doesn't like bitcoin transactions and second fact is that PP doesn't offer Seller protection for any digital product/good. the only way to be safe which exchanging PP to BTC is to ask the Buyer to send the payment via mass payment as I guess mass payments cannot be chargedback or the other option is deal with a trusted buyer only.

what about Skrill? Is this same as PayPal?

still high fee, and not much of a difference with paypal, talking about chargeback

paypal offer protection against chargeback for non authorized transaction or if you do not recieve your items

skrill offer protection only to some business customers

skrill you can chargeback as well, even if the funds are NOT from credit card it does not matter..

it's a bit harder to chargeback but it works

Only if you prove that your account was hacked but they'll check the IP and other details then and in such cases, it's not possible to always win. PayPal is much easier for chargebacks.

i have charged back skrill a few times for bitcoin scammers that tried to scam me  @ localbitcoins and i always got the money back, there is a different way not need to lie and say you account was hacked, and the money is not from any bank/credit card
Only if you prove that your account was hacked but they'll check the IP and other details then and in such cases, it's not possible to always win. PayPal is much easier for chargebacks.

Thanks for the info

Just apply for the skrill debit card and cash out the money @ any atm asap you got funds for bitcoins , so you can lower the risk to be charged back

There will not be any charge back on the second paypal account if they are not the same countries from the same continent.

don't they have a policy regarding such cashout actions? they promise chargebacks, how can they still claim they do as people can simply cashout as soon as they get it?

Yes skrill is the same as paypal, they also charge back.

Interestingly enough, PayPal has been modifying their infamous chargeback protocols now from what I've noticed. I was charged back a few days ago and the sender of funds filed as "unauthorized access". He never received his funds because PayPal could not verify his account was accessed through another IP. Usually PayPal would issue a refund no questions asked. However, chargebacks are still rampant. I usually make senders put "paying for virtual item) in the memo space to ensure I would win a chargeback if they filed it as "Item was not as described" or "item didn't work" or "was not received".

A good question to ask. We do have quite a lot of experience we chargebacks. Firstly the answer is simply NO. You can dispute a chargeback however it more than ALWAYS favours with the buyers bank. Regarding the two paypal method, yes you can transfer the money to the second paypal account and the 2nd paypal account will NOT be charged, however the first paypal account will still be charged (if there is money or no money). If you have insufficient funds in the 1st account, paypal will transfer your details on to a debt collector which will incur additional fees, if these fees and payment are not paid you will be called to court (where you will get more fees and 100% lose). The best way to avoid chargebacks is to know your customer and also make sure they pass a few security checks. Hope this helps!