In Reply to: Ok, next question about Paypal posted by Ratty on April 5, 2005 at 10:47:23:
Paypal can only refund the money from the seller's account if there is money in the account. If the seller removes the cash as soon as you deposit it, Paypal has no money to seize even if they decide in your favor.If you fund with a credit card, you have recourse through the cc company.
If the cc company decides in your favor, then paypal is out the money. Paypal then goes after the seller. Sends a collection agency after the seller and reports to the credit bureau.
Even with two layers of protection, paypal and cc, the process to get your money back could take months. It will be much quicker if the seller actually leaves money in the account.
Always best to buy from a seller you trust and ask ALL questions. You have to decide whether it's worth the hassle of filing a claim should something go wrong.
No deal is ever scam proof.
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Follow Ups
- Re: Ok, next question about Paypal - seti 00:13:01 05/02/05 (0)