Quote:
Originally Posted by bear
this is the kind of stuff i'm talking about ^ i sell a lot of luxury watches ($4-10,000) in value mostly and there are WAY more buyers scamming than sellers out there. I get the paypal money out immediately and even unlink my bank so paypal can't get to it sometimes until I hear the buyer received and is not a scammer. Like I said I don't spend it, I just want it out of paypals reach as quick as possible because they don't always rule correctly.
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Here's the problem though - scammers have figured out that by linking their PP account to a credit card, and then using the credit card to pay, they can dispute the charge with their credit card company for months. The longest dispute I saw reported was almost 540 days after the transaction, and the CC company invariably rules in favor of their customer; they have no obligation to PP and none to you.
Even if you ultimately win the dispute if you get targeted by this kind of a scammer, if PP is your only means of taking electronic payments, your online business is essentially dead in the water until the dispute gets resolved, which can take months.