YoHoJo
2011-05-27 02:24:56
I know that the black market is a privilege for all users and we currently have a 0%/very low scam rate, but knowledge is the best protection.
I would just like to inform all users to just be careful and take caution when selling accounts, gold, or services though PayPal [PP].
Common Misconceptions
1) If payment is sent as a gift, it can't be taken back.
FALSE! A buyer can file a 'Unauthorized Transaction' claim any time withing 45 days after the transaction and get their money back. PayPal is pretty much 99% on the side of the buyer in this case and there is nothing much you can do to get your money back!
2) If a payment comes with the note of something like 'I am paying for virtual goods I have already received and am completely satisfied' then it can't be charged back.
FALSE! This can still be charged back with the same method as above. OR, the buyer can file a 'Never Received Goods' claim. Since you are selling virtual it is hard to provide any proof/evidence like faxes or invoices that the buyer actually got what they wanted.
Another thing that sucks is that charge-backs can happen up to 45 days after you receiving your money, meaning potentially any other activity you have done or your current paypal balance may go into the NEGATIVE, in which case you must get more money onto your paypal account before being able to use it again!
I personally limit myself to accepting very small transaction in PayPal from usually $5 - $10 so in case I am to get charged back, my losses will be very minimal (when selling at shady forums/to shady people). Only if I fully trust the buyer do I allow myself to accept larger amounts. I've done about 15+ small transactions with Sythe.org users and luckily only one was charged back, which happened to be under $5 anyways, so I'm glad I only deal with low amounts!
By no means and I trying to deter anyone from using PP, infect I prefer PP the most (given the person I'm dealing with is someone I can trust completely) because it is very quick , easy, and they charge VERY LITTLE or no fees at all compared to Western Union or Player Auctions.
I hope NONE of you ever charge back falsely, and that this information just serves as good things to know to keep you safe.
Post any questions/discussion about PP and their services here!
Happy Trading!
I would just like to inform all users to just be careful and take caution when selling accounts, gold, or services though PayPal [PP].
Common Misconceptions
1) If payment is sent as a gift, it can't be taken back.
FALSE! A buyer can file a 'Unauthorized Transaction' claim any time withing 45 days after the transaction and get their money back. PayPal is pretty much 99% on the side of the buyer in this case and there is nothing much you can do to get your money back!
2) If a payment comes with the note of something like 'I am paying for virtual goods I have already received and am completely satisfied' then it can't be charged back.
FALSE! This can still be charged back with the same method as above. OR, the buyer can file a 'Never Received Goods' claim. Since you are selling virtual it is hard to provide any proof/evidence like faxes or invoices that the buyer actually got what they wanted.
Another thing that sucks is that charge-backs can happen up to 45 days after you receiving your money, meaning potentially any other activity you have done or your current paypal balance may go into the NEGATIVE, in which case you must get more money onto your paypal account before being able to use it again!
I personally limit myself to accepting very small transaction in PayPal from usually $5 - $10 so in case I am to get charged back, my losses will be very minimal (when selling at shady forums/to shady people). Only if I fully trust the buyer do I allow myself to accept larger amounts. I've done about 15+ small transactions with Sythe.org users and luckily only one was charged back, which happened to be under $5 anyways, so I'm glad I only deal with low amounts!
By no means and I trying to deter anyone from using PP, infect I prefer PP the most (given the person I'm dealing with is someone I can trust completely) because it is very quick , easy, and they charge VERY LITTLE or no fees at all compared to Western Union or Player Auctions.
I hope NONE of you ever charge back falsely, and that this information just serves as good things to know to keep you safe.
Post any questions/discussion about PP and their services here!
Happy Trading!