Question about loaning

[joerock777]

So a few months ago I loaned a guy $35 and I forgot to chargeback until last week. Then I got an email 2 days ago saying that I was denied

People usually say that loans are against PayPal’s TOS but I’ve sent out several loans in the past and I even made it clear it was a loan in the “notes” section before I send a payment, plus I even asked a PayPal support member if loans were allowed and they said this

There’s more in the message but they started to talk about something that was outside of my question. (I send all my loans via g&s)

Overall, I have made some chargebacks in the past because some people haven’t paid me back, but what was different to this one than the rest? And how would I be able to have the best chance to win every dispute?

I’m not necessary that annoyed with the $35, but if I loan someone like $200 and they don’t pay back and lose the chargeback, I would be annoyed then, so I want to prevent that scenario. Some people say doing an invoice would be good, but what difference does it make?

 

[joerock777]

Try asking this in the "Loans and Investments" Thread, They can probably give you an answer

Not as many people can reply as some won’t have access to talk there, if I discuss about it here, there will be more people to give me solutions in a quicker time frame.

 

[solo]

have a good reputation and provide more than required evidence on disputes, provide the entire conversation 0 to 10 in the dispute messages, provide proof of those conversations and provide proof that the person that you were speaking to is the one who sent the money. Provide proof of the agreement and all the details (neccasary AND unneccasary) I have won all my disputes doing just this. Do NOT fabricate evidence, or supply one that is unable to be proven not.

I have won 34 disputes and lost none. On two of my paypal accounts (Personal - 13, Business - 21)

 

[joerock777]

have a good reputation and provide more than required evidence on disputes, provide the entire conversation 0 to 10 in the dispute messages, provide proof of those conversations and provide proof that the person that you were speaking to is the one who sent the money. Provide proof of the agreement and all the details (neccasary AND unneccasary) I have won all my disputes doing just this. Do NOT fabricate evidence, or supply one that is unable to be proven not.


I have won 34 disputes and lost none. On two of my paypal accounts (Personal - 13, Business - 21)

“provide proof that the person that you were speaking to is the one who sent the money.” How do I do that?

 

[solo]

“provide proof that the person that you were speaking to is the one who sent the money.” How do I do that?

show screenshots/evidence of them sending you the money and confirming that it was x amount and was from x and was through x, like that. Although I haven't really added this into my disputes as most of the idiots who chargeback in-directly admit it was them

 

[Wezel]

CEO of winning chargebacks related to loans here, add my disc mate ill drop some tips: Wezel#9017

 

[joerock777]

CEO of winning chargebacks related to loans here, add my disc mate ill drop some tips: Wezel#9017

Added[DOUBLEPOST=1603563122][/DOUBLEPOST]Also, to make this more clear, I was the person who opened the chargeback, not the user who scammed me btw

 

[Scroll32]

I've gotten hit with a 200 loss this way, I just recommend not loaning people who aren't reputable for big amounts. Its just outside of their ability to chargeback, so if they fight hard they normally get off the hook.

 

[joerock777]

I've gotten hit with a 200 loss this way, I just recommend not loaning people who aren't reputable for big amounts. Its just outside of their ability to chargeback, so if they fight hard they normally get off the hook.

To be honest the main reason why I win so many chargebacks are because the other person does not respond within the 10 days timeframe therefore meaning I win automatically

 

[joerock777]

It's a difficult one, it's against their TOS and if the person who scammed you brings this up in the dispute there is a good chance you will loose. I wouldn't recommend loaning people, you get a lot of scammers and it's just a headache, invest the money elsewhere.

I hear this a lot, where does it state loaning is against their TOS?

 

[inferno]

if you can provide proof of them scamming you. I can help you get your money back. Add Inferno#8130 on discord

 

[joerock777]

I’ve dealt with it before hand, I’m on my phone so I can’t look it up. Loans result in chargebacks most of the time which costs PayPal money as they’re paying agents to handle these disputes. If you have through G&S you can try and dispute it, probably 50/50 chance.

All my transactions are via G&S