[Phono-L] Edison Opera
Rich
rich-mail at octoxol.com
Tue Dec 30 21:55:08 PST 2008
I think PayPal will still honor your refund on a bad transaction even if
they can not recover the funds from the seller. Even at that you still
have the option of a chargeback. I know, PayPal will be mad. When you
as the buyer make a payment to a seller those funds are not actually
available to the seller immediately. PayPal may credit the seller's
account and make them available to him but they are doing this with
PayPal money as they do not have the buyers funds in their account
instantly. There is a huge pile of state and federal regulations
relating to these transfers and it is more than complex. I have not
read the PayPal terms and conditions in a while but did they not modify
them a while ago to hold large ticket transfers for some period?
Phonophan at aol.com wrote:
> One question on this one------ in other instances, where the guy was
> scamming, he always asked for a money order or Western Union or some other
> "irrevocable" form of payment. This guy says Paypal --- and I wonder how he's going to do
> that. Paypal could reverse the transaction, as we all know. I suppose maybe
> he closes down his Paypal account immediately after getting the money, and
> closes the bank account, too. But this is definitely more brazen than usual. It
> suggests all of Paypal's "buyer protection" is nothing more than a sham.
>
> Happy New Year to all--------
>
> Tim Fabrizio
> phonophan
> PO Box 747
> Henrietta, NY 14467
>
> TEL 585 582 1586
> FAX 585 582 2624
> Web site: www.phonophan.com
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