Can someone issue a chargeback for family and friends payments if they paid with their credit card?

Abidyawari
Contributor
Contributor
Hello everyone! I have a question of a, "Can someone issue a chargeback for family and friends payments on Paypal if they paid with their bank or credit card?" I am planning to start selling crypto and some other similar wallet balances in exchange for Paypal funds and I have been looking a lot to do it the right way and not get scammed because if I get scammed, I know I will get in some serious financial trouble as I will be receiving around 3000 USD per day on average. I have read about getting paid with Paypal in exchange for giving crypto enough to understand the fact that there is a lot of scammers that will try to scam people like me. So I am trying to find a way to receive payments that are, in no way refundable or disputable to make sure I don't get victimized to any of these dispute makers or guys that issue chargebacks to scam. I have deduced that getting paid with the famiy and friend's payment option from clients will eradicate the risk of getting scammed and I just wanted gain some more information before I start selling crypto on is it necessary for me to confirm from every sender that they pay with Paypal balance or getting paid with credit card or bank doesn't have a risk too? Also guys, if you have any better alternative way for me to get paid with Paypal's other option than the f&f option please do suggest. Thanks to everyone in the community, you all are awesome.
Login to Me Too
2 REPLIES 2

kernowlass
Esteemed Advisor
Esteemed Advisor

@Abidyawari 

 

Its against Paypal rules to accept a family / friends payment for selling transactions and you risk your Paypal account being limited if you do so.


A buyer would not be able to open a Paypal dispute for non-receipt of item or item not as described as they would have no Paypal buyer protection.


However they can still open a dispute for an unauthorised transaction OR do a chargeback (via their card issuer) and you may well lose as you would have no Paypal seller protection.


Advice is voluntary.
Kudos / Solution appreciated.
Login to Me Too

Abidyawari
Contributor
Contributor
So what is the best way I can get paid for the crypto to my Paypal without the chances of getting scammed?
Login to Me Too

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.