PayPal Fraud Question

Jacob109
New Community Member

I'm selling something through PayPal, and I'm worried about the buyer being fraudulent. I understand PayPal immediately releases the money to me, but if the money is fraudulent, it could be recalled. How long should I wait after receiving money before sending the item? Is there any indication when the money has been cleared?

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kernowlass
Esteemed Advisor
Esteemed Advisor

@Jacob109 

 

The money could be in your bank account but if you lose a dispute you would still have to refund the buyer.

If not paypal would put your account into negative and chase you to pay them back again.

 

So your best bet is to read up on Paypals seller protection policy so you can risk assess your transactions.
Its in Paypals user agreement.


 


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Kudos / Solution appreciated.

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Solved

kernowlass
Esteemed Advisor
Esteemed Advisor

@Jacob109 

 

The money could be in your bank account but if you lose a dispute you would still have to refund the buyer.

If not paypal would put your account into negative and chase you to pay them back again.

 

So your best bet is to read up on Paypals seller protection policy so you can risk assess your transactions.
Its in Paypals user agreement.


 


Advice is voluntary.
Kudos / Solution appreciated.
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