Referencing our previous post on How To Avoid Being Exploited by PayPal Dispute/Claims/Chargeback, let me briefly describe what we mean as a chargeback. Often times, we misrepresent or interchangeably use the word chargeback to mean a claim or dispute, but the later have distinct meanings to them.
A chargeback occurs when a buyer asks their credit card company to reverse a transaction that has already cleared. A buyer may file a chargeback with their card issuer based on credit card association regulations and time frames. The buyer’s credit card company can chargeback or reverse payments even after months that the transaction has ended and PayPal can do nothing about this.
Here’s the simple truth on avoiding chargeback with FNF transactions on PEXBANK.
1. Decline and refund payment sent to you by Credit Card via PayPal, then cancel the transaction on PEXBANK.
2. Reject any promises from the sender, claiming that there will never be a future chargeback. If you do, you have no complaints to PEXBANK when a chargeback occurs. This post is to prevent any issues before they come.
3. To know exactly where the payment was made to you from, please request for a detailed preview of the sent payment from the sender. The best preview if done correctly will bear the following details – Date money was sent, name & email of the receiver, amount sent, may have the recipient’s shipping address (if GNS), transaction id, and most importantly, ensure that money received was PAID WITH – PAYPAL CASH BALANCE
.
Congratulations to your future deals with 100% success on PEXBANK.