Bitcoin Forum

Other => Beginners & Help => Topic started by: OnlyHere4Coin on July 17, 2014, 06:42:08 PM



Title: "PayPal-My Cash" payment option
Post by: OnlyHere4Coin on July 17, 2014, 06:42:08 PM
What's the risk of chargeback etc. for using this service for accepting btc payments?
PayPal My-Cash acts like a MoneyPak Reload But is only used for PayPal.

I have 1 prior experience using this service for $200 on LBC. Trade went very smooth and wasn't any wait time for the seller to claim the paypal my-cash code.

Does anyone else have experience using this service?


Title: Re: "PayPal-My Cash" payment option
Post by: ezreal on July 17, 2014, 07:37:47 PM
the risk of charge backs is exactly that.

they charge a certain amount, and claiming the charge not valid for whatever reason to have it reversed giving you a negative balance.


Title: Re: "PayPal-My Cash" payment option
Post by: counter on July 17, 2014, 09:59:40 PM
The fact that you ask about Paypal leads me to believe that charge backs are still very much an issue no matter what kind of account you have.  Best to read the contract or maybe speak to a customer rep for your own peace of mind.