What are the risks of charging back cryptocurrency transactions made with PayPal Friends and Family?

3 answers

• Mar 22, 2022 · 3 years ago
  Initiating a chargeback for cryptocurrency transactions made with PayPal Friends and Family can carry several risks. Firstly, PayPal's Buyer Protection policy does not cover digital goods, including cryptocurrencies. This means that if you charge back a cryptocurrency transaction, PayPal may not be able to assist you in recovering your funds. Additionally, chargebacks can lead to account restrictions or even permanent suspension from PayPal. It is important to note that chargebacks should only be used as a last resort, as they can have serious consequences.
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• Mar 22, 2022 · 3 years ago
  When it comes to charging back cryptocurrency transactions made with PayPal Friends and Family, it's important to understand that PayPal's Buyer Protection does not cover digital goods, including cryptocurrencies. This means that if you initiate a chargeback for a cryptocurrency transaction, you may not be able to get your money back through PayPal. It's crucial to carefully consider the risks and consequences before proceeding with a chargeback, as it can result in account limitations or even permanent suspension from PayPal.
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• Mar 22, 2022 · 3 years ago
  At BYDFi, we understand that chargebacks can be a concern for cryptocurrency transactions made with PayPal Friends and Family. It's important to note that PayPal's Buyer Protection policy does not cover digital goods, including cryptocurrencies. This means that if you choose to charge back a cryptocurrency transaction, you may not be able to recover your funds through PayPal. It's essential to weigh the potential risks and consequences before deciding to initiate a chargeback. If you have any further questions or concerns, feel free to reach out to our support team for assistance.
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