5 ms·

It's worked for PayPal for years... Google will find you a hundred examples of PP deciding to freeze accounts and the funds going up in smoke.

jacquesm 9y ago
Paypal eventually always pays out, I've yet to hear of a confirmed case where they eventually did not pay out though they can hold on to the money for an unreasonably long time. All the cases that I'm personally familiar with the money eventually turned up. In some cases this took 6 months. That doesn't excuse them but they do have some responsibilities, especially since here in the EU they are seen as a bank and have a Luxembourgian banking license.
- pg_is_a_butt 9y ago
  Paypal NEVER paid me out. over 15 years ago. $800 of user payments that paid $1/mo to support a free site... they claimed i was selling illegal merchandise. i wasn't selling anything.
- chipperyman573 9y ago
  He may be referring to their "seller protection policy" which claims that anything sold without a shipping tracking number (AKA anything virtual) will always be refunded in the cases of a chargeback (even one through paypal's site, not through the credit card company). This means that if a buyer charges back on a virtual sale, the buyer always wins. Even large companies such as Valve are affected by this[0] [0]: https://support.steampowered.com/kb_article.php?ref=6687-HJVM-8966 https://support.steampowered.com/kb_article.php?ref=6687-HJV...
  - jacquesm 9y ago
    Well, that's the buyer, not paypal. Different story altogether.
  - cookiecaper 9y ago
    This is de-facto the case with almost any fiat online payment. It is rare for a bank/card issuer to rule against a consumer in a dispute. No one should start a business believing they'll be able to successfully challenge more than the tiny number of flagrantly and obnoxiously fraudulent chargebacks.
Silhouette 9y ago
How many times has it stood up in court, though? Google finds me plenty of reports where it apparently didn't.

jacquesm 9y ago

Paypal eventually always pays out, I've yet to hear of a confirmed case where they eventually did not pay out though they can hold on to the money for an unreasonably long time. All the cases that I'm personally familiar with the money eventually turned up. In some cases this took 6 months. That doesn't excuse them but they do have some responsibilities, especially since here in the EU they are seen as a bank and have a Luxembourgian banking license.

pg_is_a_butt 9y ago
Paypal NEVER paid me out. over 15 years ago. $800 of user payments that paid $1/mo to support a free site... they claimed i was selling illegal merchandise. i wasn't selling anything.
chipperyman573 9y ago
He may be referring to their "seller protection policy" which claims that anything sold without a shipping tracking number (AKA anything virtual) will always be refunded in the cases of a chargeback (even one through paypal's site, not through the credit card company). This means that if a buyer charges back on a virtual sale, the buyer always wins. Even large companies such as Valve are affected by this[0] [0]: https://support.steampowered.com/kb_article.php?ref=6687-HJVM-8966 https://support.steampowered.com/kb_article.php?ref=6687-HJV...
- jacquesm 9y ago
  Well, that's the buyer, not paypal. Different story altogether.
- cookiecaper 9y ago
  This is de-facto the case with almost any fiat online payment. It is rare for a bank/card issuer to rule against a consumer in a dispute. No one should start a business believing they'll be able to successfully challenge more than the tiny number of flagrantly and obnoxiously fraudulent chargebacks.

Silhouette 9y ago

How many times has it stood up in court, though? Google finds me plenty of reports where it apparently didn't.