Bitcoin Forum

Please be very careful when selling bitcoins. I have sold small amounts of bitcoins on ebay and i am now receiving charge backs against my paypal account. In addition to losing my bitcoin , i have to return the money and paypal are charging me a ten dollar fee that they claim is being charged to them by the credit card company. All chargebacks i have received are from asia to date


Original Transaction
 Date    Type    Status    Details    Gross    Fee    Net
 Dec 27, 2011   Payment From Chu Chang    Completed    Details   $2.50 USD    -$0.40 USD    $2.10 USD

Related Transactions
 Date    Type    Status    Details    Gross    Fee    Net
 Apr 18, 2012   The funds that were placed on temporary hold are now available for use    Removed    Details   -$2.50 USD    $0.40 USD    -$2.10 USD
 Apr 28, 2012   Update to Reversal    Canceled    Details   $2.10 USD    $0.00 USD    $2.10 USD
 Apr 28, 2012   Chargeback Settlement    Completed    ...   -$2.50 USD    -$10.00 USD    -$12.50 USD

News at eleven. I can't believe how many times this has come up here. Donät mix bitcoins with paypal, simple as that. Now repeat it 100 times.

Now you really goofed up! The latter part of your post might get lost in translation, for it may read as repeat and rinse.

~Cackling Bear~

i have learned my lesson .

You should have read a little more earlier. Very little actually to find out using pp is a terrible idea.

That sucks, did they really took 4 Months for that chargeback?
If so I am verry happy that I never had a paypal account...

I tired selling a bitcoin on ebay once....

I said I was selling a penny + a free 1BTC

the winner never payed

he must of though the charge back might not go through because i was actually going to send him a penny  :D

here is a new update from paypal

Buyer's name: Tsung Cange
Buyer's email: catsutsu@yahoo.com.hk
Transaction ID: 0TH22027358075932

Transaction date: Dec 14, 2011
Transaction amount: -$2.06 USD
Case #: PP-001-672-660-482
Your transaction ID: 66L37360136598416

Your buyer filed a chargeback with their credit card company asking to
reverse the above payment. Although your buyer reversed this payment, we
want to work with the buyer's credit card company to get your money back.
We are using the information you sent us to dispute the reversal.

Please note that because the buyer already reversed the payment, it has
been removed from your PayPal balance. The settlement fee the credit card
company charged for the reversal was also deducted from your account.  If
the credit card company decides the case in your favor, this money will be
credited back to your PayPal balance.

Other details:
-----------------------------------

This transaction was reversed for the following reasons(s):
Intangible items are not covered.

If you have questions about chargebacks and how to avoid them, log in to
your PayPal account and click "Help" at the top of any page.

Sincerely,
PayPal

Keep in mind that the credit card company determines the timeframe and
outcome. It may take up to 75 days for the credit card company to reach a
final decision. We will email you once they complete their investigation.

WTF, scamming for $2... Standards are really low around Hong Kong lol