:UPDATE: I WON THE CHARGEBACK CLAIM
I sold $10 in bitcoin to some kid for $11.50 paypal, he sent the money to me via friends and family, then i sent the BTC. 1 hour later he disputes the payment as unauthorized, here was my response.
I sold bitcoin to the buyer, in exchange for $11.50 USD. The buyer is claiming the transaction as unauthorized, but included within his note "This is a payment in exchange for virtual currency, and is authorised"
If he claims the payment was not authorized by him check his IP address and recent log-ins to prove it was him.
He is attempting to chargeback a payment after I sent the virtual currency (bitcoin) to him which is considered fraud.
Under section (13.3 Ineligible Items/transactions.)
Payments for the following are not eligible for reimbursement under PayPal Purchase Protection:
Digital currencies and items that have or are capable of having a stored monetary value attached to them such as vouchers, gift and pre-paid cards;
In which I sold him a digital (virtual) currency, he may not dispute a claim against this payment.
I sold $10 in bitcoin to some kid for $11.50 paypal, he sent the money to me via friends and family, then i sent the BTC. 1 hour later he disputes the payment as unauthorized, here was my response.
I sold bitcoin to the buyer, in exchange for $11.50 USD. The buyer is claiming the transaction as unauthorized, but included within his note "This is a payment in exchange for virtual currency, and is authorised"
If he claims the payment was not authorized by him check his IP address and recent log-ins to prove it was him.
He is attempting to chargeback a payment after I sent the virtual currency (bitcoin) to him which is considered fraud.
Under section (13.3 Ineligible Items/transactions.)
Payments for the following are not eligible for reimbursement under PayPal Purchase Protection:
Digital currencies and items that have or are capable of having a stored monetary value attached to them such as vouchers, gift and pre-paid cards;
In which I sold him a digital (virtual) currency, he may not dispute a claim against this payment.
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