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iWin (OP)
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May 27, 2014, 03:03:50 AM |
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I recently sold some BTC for paypal and of course, it was charged back. However, it wasn't the usual 'unauthorized transaction' chargeback. It was 'Paypal Inquire' What should I do in this case?
I'm going to call them tomorrow morning and I'm hoping some of you guys on here have had experience with this and could give me some tips on winning this dispute.
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Relnarien
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May 27, 2014, 06:15:59 AM |
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As far as I know, Paypal still does not endorse, support or condone the purchase of cryptocurrencies and digital goods using their service. In most cases, whatever the issue may be, the moment that you mention Bitcoin is the moment that you forfeit your sold Bitcoins and the Paypal cash that you received.
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iWin (OP)
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May 27, 2014, 02:39:20 PM |
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Dang.
But this is a paypal inquire not unauthorized chargeback. Does that change anything?
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arloseb
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May 27, 2014, 06:41:30 PM |
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Nothing. I was scammed with paypal. Chargeback. Waiting to paypal to implement new rules.
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ashish12
Sr. Member
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Activity: 353
Merit: 250
BITCOIN
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May 27, 2014, 06:56:34 PM |
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just say them you got paid for services you provided and its that money
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haploid23
Legendary
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Activity: 812
Merit: 1002
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May 28, 2014, 03:19:03 AM |
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Can you please clarify what "Paypal Inquire" means? So it was paypal that detected and reversed the payment, not the buyer? I was looking to accept a paypal payment for btc soon, but this is a bit of a turnoff.
Did you mention ANYTHING about bitcoin in the topic or notes of the payment?
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tins
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May 28, 2014, 05:30:33 PM |
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Really nothing you can do except to use it as a learning experience.
I lost roughly 40 or so litecoins by selling them on ebay and accepting paypal, back last year (about $2 each at the time). I learned quickly that just about every paypal transaction would be reversed for one reason or another (and obviously I would never recover my coins).
Live and learn. If you're selling something that you cannot recover should a dispute occur, do not accept a payment that can be reversed.
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SOEHARTO
Newbie
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Activity: 28
Merit: 0
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May 29, 2014, 02:58:54 PM |
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i think you will lose your btc .
paypal not accept and not allowed transaction crypto .
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HarshalTech
Newbie
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Activity: 14
Merit: 0
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May 29, 2014, 09:11:43 PM |
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If it is paypal, you will probably lose. They don't allows the exchange of other vc's with paypal.
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arloseb
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June 02, 2014, 09:45:09 PM |
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Stay away from paypal.
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koshgel
Legendary
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Activity: 1148
Merit: 1001
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June 03, 2014, 01:21:20 AM |
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Inquiry is not the same thing as a credit card chargeback from a company. That means that PayPal flagged the transaction because something looked suspicious. I agree with the advice to call them and find out what's going on
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CoinMKT.com
Newbie
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Activity: 56
Merit: 0
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June 04, 2014, 05:51:39 PM |
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Star far away from paypal.
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ruggedman_dan
Legendary
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Activity: 1012
Merit: 1000
We on P. Sherman 42 Wallaby Way, Sydney
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June 08, 2014, 05:04:20 PM |
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Anyone ever noticed how eBay allows the sale of cryptos but PayPal doesn't allow crypto-based transactions?
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haploid23
Legendary
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Activity: 812
Merit: 1002
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June 09, 2014, 06:27:48 PM |
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Anyone ever noticed how eBay allows the sale of cryptos but PayPal doesn't allow crypto-based transactions?
As far as I know, ebay will take down all listing of crypto sales if they catch it. Some slips through the crack. Same with paypal, they'll only reverse the payment if the buyer does a chargeback or if they catch it. |
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Harley997
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June 10, 2014, 03:56:41 AM |
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I recently sold some BTC for paypal and of course, it was charged back. However, it wasn't the usual 'unauthorized transaction' chargeback. It was 'Paypal Inquire' What should I do in this case?
I'm going to call them tomorrow morning and I'm hoping some of you guys on here have had experience with this and could give me some tips on winning this dispute.
Using paypal to sell BTC is generally a very bad idea. Try to give them as much information as they request (nothing more) and hopefully you will be able to beat it. Lession: only sell non-reversible currency for other non-reversible currency. |
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arloseb
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June 10, 2014, 10:10:02 AM |
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I recently sold some BTC for paypal and of course, it was charged back. However, it wasn't the usual 'unauthorized transaction' chargeback. It was 'Paypal Inquire' What should I do in this case?
I'm going to call them tomorrow morning and I'm hoping some of you guys on here have had experience with this and could give me some tips on winning this dispute.
Using paypal to sell BTC is generally a very bad idea. Try to give them as much information as they request (nothing more) and hopefully you will be able to beat it. Lession: only sell non-reversible currency for other non-reversible currency. What do you mean for paypal inquire? |
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fearcoka
Legendary
Offline
Activity: 1008
Merit: 1000
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June 10, 2014, 09:30:42 PM |
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I use Virwox.
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Just Nao Tomori and Bitcoin ( ͡° ͜ʖ ͡°)
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