Service providers: if you are using Paypal then you are putting your earnings at risk.
Take a look at Paypal’s terms and conditions and you will see it written in plain text: Paypal will not protect service providers in disputes or chargebacks. I’ve seen people lose up to $18,000 in chargebacks via Paypal, and I don’t want that to happen to you!
In this episode, we’ll cover:
How Paypal conducts their dispute investigations and how the deck is stacked against you as a service provider
How chargebacks filed directly with the credit card company will make you lose money through Paypal… EVEN IF you’ve already won a chargeback dispute directly through Paypal.
When it IS okay to use Paypal, specifically when selling and shipping goods
My recommendations for alternative payment processing services that will protect you as a service provider.
What were your key takeaways from this episode? Take a screenshot, add it to your Instagram Stories, tag @andreasagerlaw and let me know!
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The Legalpreneur Podcast is advertising/marketing material. It is not legal advice. Please consult with your attorney on these topics. Copyright Andrea Sager Law 2020.