I was told by Paypal Ireland (oversees EU) that they do not allow chargebacks for "virtual/digital" items and I was granted a win in a dispute on a number of occasions when buyer topped up his account on my service site and then wanted to reverse that transaction after service was consumed.
How Not to Sell Bitcoin on eBay for 300% Profit
71–80 of 104 posts
Re: How Not to Sell Bitcoin on eBay for 300% Profit
#72I'm on the opposite end of the transaction - I'd like to buy some BTC but everyone is (rightly) so scared that the only mechanism available is via bank account. Great...except im not in the US. I'd have to string together multiple online currencies to arrive at something that is accepted. Or trust a tiny local exchange.
So much hassle to cover VPN costs...
Re: How Not to Sell Bitcoin on eBay for 300% Profit
#73Earlier quoted context omitted.
I guess it's a bit more specific: PayPal doesn't care about sellers. I sell a JavaScript Game Engine[1] and have made the exact same experience over and over again. Someone buys it, I send out the license email and the download link and 2 days later I see a chargeback. I can show PayPal screengrabs of the license email and database records, showing that my software really has been downloaded from the account in quest…
Why not send a small postcard with the license key that requires them to sign to get the postcard? Give them an instant key good for 14 days and then make them use the one on the postcard for long term use. Then you'll have your proof (and be pretty close to PayPal's chargeback limit)
If I bought software and they were going to send me a postcard with a license key, I would be pretty annoyed.
Re: How Not to Sell Bitcoin on eBay for 300% Profit
#74I think you have to be a little bit crazy to sell anything on eBay. But anyway, it struck me that there is a way to make money here (buy BTC then charge it back), the author just found himself on the wrong side of that process. As they say, if you don't know who the sucker is, then it's you.
Re: How Not to Sell Bitcoin on eBay for 300% Profit
#75Earlier quoted context omitted.
I guess it's a bit more specific: PayPal doesn't care about sellers. I sell a JavaScript Game Engine[1] and have made the exact same experience over and over again. Someone buys it, I send out the license email and the download link and 2 days later I see a chargeback. I can show PayPal screengrabs of the license email and database records, showing that my software really has been downloaded from the account in quest…
Why not send a small postcard with the license key that requires them to sign to get the postcard? Give them an instant key good for 14 days and then make them use the one on the postcard for long term use. Then you'll have your proof (and be pretty close to PayPal's chargeback limit)
You don't need to send him a different key in the post. Give him the key digitally and send the same key via post.
Re: How Not to Sell Bitcoin on eBay for 300% Profit
#76I wonder if this would work if you sold the BTC in a bitcoin wallet, stored on a cheap USB key (or even a bitcoin paper wallet[1])?
It's slower, and there's the slight cost of postage, but as least you have proof of postage as it's technically a physical item.
eBay sellers who sold virtual goods got caught a few years ago when eBay changed their policy on virtual items, but I've noticed sellers often now delivery the item via email but also on a burned CD or whatever to skirt the rules.
Re: How Not to Sell Bitcoin on eBay for 300% Profit
#77Never forget the May Scale of Monetary Hardness, from my old friend J.P. May:
http://stakeventures.com/articles/2012/03/07/the-may-scale-o...
Re: How Not to Sell Bitcoin on eBay for 300% Profit
#78Don't sell downloadables over Ebay and PayPal. You'll get about as much sympathy as if you were selling cocaine no matter how honest you are.
Re: How Not to Sell Bitcoin on eBay for 300% Profit
#79My favorite part is his earnest naivety in somehow thinking he wasn't the mark and in believing that Paypal would ever side on his behalf. This just further confirms my suspicions that you have to be retarded to get involved with bitcoin. No group of people is so easily and quickly persuaded into losing their money, and so readily eager to repeat said behavior over and over again, than bitcoiners.
How exactly am I gonna lose my money with Bitcoin? It has been there for many years, and it has grown x20. My dollars, on the other hand, have only devalued each year. There's no scam, if there's no scammer. Think about it.
>How exactly am I gonna lose my money with Bitcoin?
Having this mindset is a start.
Re: How Not to Sell Bitcoin on eBay for 300% Profit
#80It's pretty sad, considering that if the buyer sent the bitcoin address to send to through paypal you can prove to paypal cryptographically beyond any and all doubt that you really sent the coins. Even when someone isn't claiming their account was hacked (which would be a problem no amount of cryptographic proof would solve) paypal simply doesn't care. I guess that really sums up paypal: Paypal doesn't care.
I guess it's a bit more specific: PayPal doesn't care about sellers. I sell a JavaScript Game Engine[1] and have made the exact same experience over and over again. Someone buys it, I send out the license email and the download link and 2 days later I see a chargeback. I can show PayPal screengrabs of the license email and database records, showing that my software really has been downloaded from the account in quest…
> PayPal doesn't care about sellers.
Credit card companies. And it's not that they don't care about sellers. It's that they care more about the card holders. Consider the protection they afford card holders for card-not-present purchases. 100% protection.
PayPal doesn't have some immunity to that protection. Open your own merchant account, and you'll have the same issues.
> I see it as simple piracy
When it's the card holder claiming a chargeback for an otherwise legitimate purchase, it's known as friendly fraud. Not so friendly. And generally, it's worse than piracy. Normally you are charged for a chargeback (not sure if PayPal charges you a chargeback fee). So in those cases, you actually lose real money, as opposed to piracy.