SFTRAXX
West Coast Rap Producer
Whats good FP fam.
I just wanted to put you cats up on to whats goin on just in case you didn't get the memo and are selling beats / music online using Paypal.
Paypal has recently made a change to their terms regarding chargebacks.
In a nutshell, they now allow users up to 6 months to report a chargeback.
This is bad because:
- it leaves a huge window for the buyer to change their mind months later about their purchase.
- if you are dealing in digital products you pretty much have no coverage or insurance and will probably lose in a dispute because of that.
- it burns the seller twice because you will be charged an additional $20 transaction fee for the dispute. (Happened to me a few times recently..smh..)
And, to add insult to injury, the buyer will get his/her money back and still possess your music files.
That said, I am curious to see what other alternative solutions others are using / or are available out there for securely processing transactions.
(All suggestions are welcome.)
I just wanted to put you cats up on to whats goin on just in case you didn't get the memo and are selling beats / music online using Paypal.
Paypal has recently made a change to their terms regarding chargebacks.
In a nutshell, they now allow users up to 6 months to report a chargeback.
This is bad because:
- it leaves a huge window for the buyer to change their mind months later about their purchase.
- if you are dealing in digital products you pretty much have no coverage or insurance and will probably lose in a dispute because of that.
- it burns the seller twice because you will be charged an additional $20 transaction fee for the dispute. (Happened to me a few times recently..smh..)
And, to add insult to injury, the buyer will get his/her money back and still possess your music files.
That said, I am curious to see what other alternative solutions others are using / or are available out there for securely processing transactions.
(All suggestions are welcome.)