How many days can PayPal payment be secured?

[HcDomains]

Hi,

I got Paypal payment from a new NPer without any TR yet. Both of us agree to push the domain to him till the Paypal funds in secured... But actually, how many days can Paypal payment be really secured?....

I was heard that Paypal account holder can not claim unauthorized account access after 24 hours of payment send, but I have very bad experience for one of my domains sold on eBay auction. The buyer paid me after auction closed and I pushed domain soon after that. The about 4 days later I got an rmail from Paypal to infor me that payment is an unauthorized one and hold my funds, then take it back after 7 days..

Can you please guide my how many days after payment received can be really securied?

Thanks in advance!

 

[HeyGeek]

I don't know about unauthorized accounts but I have had a chargeback via paypal 4 months after payment was made, so there is always a risk.

 

[Len]

If you want to sort this out quickly with no chance of a future chargeback then get the buyer to open a dispute for the transaction and then close it. Once a dispute has been closed it cannot be re-opened.
FYI, if you are both prepared to wait it out, transactions older than 45 days cannot be disputed so just wait 45 days from the time the payment was made.

 

[Spade]

Truth is, if a payment is made with a Credit Card - Paypal typically can pull funds back for up to 6 months (this is usually the maximum allowed for a charge back). Paypal is not a secure method of payment and isnt recommended for large amounts or with people you dont trust.

 

[HcDomains]

Thanks the warm suggestion and reps addred for all of you.

BTW, I hear that Paypal masspayment can not be charge back, am I right?

 

[Spade]

BTW, I hear that Paypal masspayment can not be charge back, am I right?

This has been discussed before and the real answer is unclear. Paypal would not provide a concrete answer on this one way or the other.

In theory, a Mass payment comes from a Cash balance. Thus, no credit cards involved (limiting chargeback possibilities). However, I dont think I would trust them 100%. If you are concerned, the mass payment is a safer bet then receiving a CC payment - but thinking your 100% covered is not the best move.

 

[aliweb]

That's why in such cases Moneybookers is best and provides protection to seller. You cannot charge back Moneybookers payment.

 

[Domagon]

Ditto that. Mass-pay is far safer. About the only way mass-pay can get reversed much later is if PayPal "claws-back" to recover lost funds from other transactions that went "bad".

Ie. Person A pays B, and then B pays C ... but sometime later it turns out A's payment was "bad" ... PayPal may then try to recover the loss from B and C.

Again though, mass-pay is typically quite safe, especially after several days.

Bank funded payments can be problematic, but often any problems will show up in the first several days to perhaps a month or so tops.

The same can't be said for credit card funded payments, which can be disputed way, way into the future...

6 months is only a guideline. 1+ year chargebacks can and do happen ... seemingly more so lately. From my understanding, there is no set time limit to initiate a dispute regarding fraudulent charges.

Bottom line is PayPal payments, by and large, are never truly "final". It's the main reason it's important that both parties should have mutual trust in each other before going the PayPal route.

Ron

 

[asanka000]

pay pal is the best and trusty method