Yes it is. If it's a stolen credit card, PayPal will do a chargeback to my account and I'd be out the money.Why does it matter if they use a credit card or not? If its stolen that's not your problem.
Originally posted by: Salvador
Yes it is. If it's a stolen credit card, PayPal will do a chargeback to my account and I'd be out the money.Why does it matter if they use a credit card or not? If its stolen that's not your problem.
I just called PayPal and there is no way to tell if someone made a payment with a credit card or not. I also found out that PayPal will not protect the buyer unless I ship to a confirmed address no matter how the payment is made. The CSR said that the bank account could be stolen as well. I find that a little bit more unlikely than a stolen credit card.
Why does this have to happen with an expensive item. I get payments from people with confirmed addresses all the time and now when I sell something expensive.. Go figure. I guess I have to make a judgement call. I'll just accept payment, ship the item and then pull all the funds out of PayPal. If PayPal wants to come after me for the money, let them. I'll just cancel all my accounts and NEVER use PayPal again if this happens.
Sal
Yes. If someone buys something from you with a stolen credit card through PayPal and then PayPal finds out that the credit card is stolen, they will pull the money out of the sellers account. Unlike a credit card, where the cc company absorbs the fee and ultimately, the taxpayers, PayPal takes the money right out of the sellers account with what's called a chargeback. I know some people that this has happened to.They would really pull the funds out of your account if it was stolen? Wouldn't that basically be stealing from YOU then since you sent the item and got nothing? If that's the case then that really sucks. I paid for a $1,100 item on eBay a couple years ago with a credit card, the seller didn't mention anything of it.
Originally posted by: Salvador
Yes. If someone buys something from you with a stolen credit card through PayPal and then PayPal finds out that the credit card is stolen, they will pull the money out of the sellers account. Unlike a credit card, where the cc company absorbs the fee and ultimately, the taxpayers, PayPal takes the money right out of the sellers account with what's called a chargeback. I know some people that this has happened to.They would really pull the funds out of your account if it was stolen? Wouldn't that basically be stealing from YOU then since you sent the item and got nothing? If that's the case then that really sucks. I paid for a $1,100 item on eBay a couple years ago with a credit card, the seller didn't mention anything of it.
When you bought a laptop, did you have a confirmed address? PayPal will only protect you in case of a chargeback if you ship to a confirmed address. That's the only protection that they will give you.
Sal
Sorry. I don't know where I got laptop from.It wasn't a laptop, it was a collectible item. I don't know if I had a confirmed address, I know at the time I was unverified though. How do I check to see if my address is confirmed? The address for the CC I used matched the shipping address if that's what you mean.
I don't, for that reason. If someone were to break into my PayPal account, they could only take the money that I have in the account, which usually isn't that much. As soon as I pull the money out of the PayPal account into a separate checking account, I transfer it to my regular account. PayPal would have to take it up with my bank if there was a chargeback.Also, set up another Bank Account for PayPal, don't carry a balance in it (transfer all cash out ASAP) and do not use your main account for PayPal.