Hot answers tagged

63

There's absolutely no need to be embarrassed. This happens constantly, hundreds of times a day. The people you speak to at PayPal and other companies won't even notice or remember you it is so common. So nothing to worry about. All you can do is constantly dispute it with PayPal or other relevant parties. Good luck. Footnote: would probably achieve ...


61

PayPal has a couple of articles that discuss the dispute process. One is addressed to the buyer, and the other is addressed to the seller. The seller’s article is perhaps more informative: it discusses the process and the differences between a dispute, claim, chargeback, and bank reversal. From your question, it seems that you issued a dispute. After you ...


46

I’m guessing that the scammers have figured out a way to create new PayPal accounts, make a few bogus sales, and extract the money quickly from PayPal before the PayPal disputes start coming in. PayPal will then refund the buyer’s money and attempt to recover from the merchant/scammer, but will not always be able to do so. The scammer is ultimately stealing ...


45

Let me first say that I am not an accountant. I recommend that you do meet with an accountant; he or she will be able to tell you the best way to handle this. That having been said, I'm going to offer you one idea for handling this. Probably the least complicated way to structure this is as a separate sole proprietorship for each of you. You would claim ...


44

Ben Miller's answer is excellent, but there's an additional possibility here, that they'll fulfill something - a rock in a box, a broken PC/GPU, etc. - with full tracking as evidence that they delivered something to the right address with the right weight. PayPal will tend to side with the seller if enough evidence is provided, and it can be an uphill slog ...


27

I'd form an LLC, with the partner (or not). (I used Legal Zoom to do this, a few years ago. Today it costs $79. (There may be some minor state fees, no capital requirements in my state.)) Get a bank account in the name of the LLC. Connect bank account to Patreon/Paypal. Have funds go into bank account. Transfer funds from bank account to your account and ...


24

This is a large-scale scam operation This is not a local, inside-the-USA "sugar daddy" who loves you but is a jerk with money. This is an international scam operation that is working scams against many Americans at the same time, and crossing them up against each other. The perpetrators are in Pakistan, Belarus, Yemen or some other location beyond ...


21

+1 to @Ben Miller for explaining how to file a dispute with PayPal. Last year I ordered a FlashFish Power station. The price was suspiciously low but the web site appeared legitimate. They provided me with a USPS tracking number and every few days I received an E-mail update as to which city the package had passed through. Eventually I received a ...


21

What you have there is a General Partnership. You already have a General Partnership. You didn't need to do anything to create it, it just arose when you agreed to share revenue. In this situation you split income and expenses as far as the IRS is concerned. You don't get much flexibility in how this is done, because you have a General Partnership and ...


16

The scammers may be using PayPal but they may not using their own PayPal accounts. Skim the scams tag and you'll see many of the scams or fraud are trying to get access to accounts to act as mules or launderers. The scammer will use someone else's account, sometimes even with that persons knowledge and assistance, get the money, take the money out via some ...


15

Honestly, it seems like your best course of action is the police. Save everything you have from this man (literally everything), and turn it over to law enforcement. In general, it's possible to get information from photos, financial information, etc. Hopefully, this will be enough to track him down. This tool is a tool for viewing metadata of images. If ...


14

One possibility is that this is a type of triangulation fraud. This is a kind of fraud where the fraudster uses a stolen credit card to purchase goods at full price and them ship them to you. The scam goes something like this: You buy the goods from the fraudster and send money to their Paypal account The fraudster buys the goods at a normal price from a ...


5

Your risk here is roughly the same as receiving a paper check or wire transfer that you did not expect. The least-bad thing that will happen is that it was a genuine mistake, the sender will detect the error, and reverse the transfer. By not accepting the transfer you save yourself and the sender this hassle. A potential scenario is that the money is being ...


4

I am ignoring the legality of it, because you haven't identified the country. Why would somebody give money to you so that you promise to give 25% to somebody else? A charity that only used 25% of donated funds to help others would not be considered a good charity. A great charity spends 90% or more of their funds on their mission. It is even worse in your ...


4

Yes its a scam. I'll post a long answer because a LOT of women seem to get caught up in these things. It's a sugar relationship - Did you send him any nude pictures or spend time with him? If no, then what is he paying for? If there's no exchange of money for goods or services - then it's a scam. If you are having sex with your sugar daddy or sending him ...


4

You have to tell your bank and have a police report. This will help with paypal reversing and you better do this ASAP. You are going to have a really hard time convincing paypal and others to help you because this is a case of Morality vs Legality. Legally you may have a stance but it is a thin one and falls flat. However you seem just as much part of ...


4

Years ago, I used to work at the company ("InfoStream Group" at the time) that owned SA, although I NEVER worked on any of their dating sites for my own moral & ethical reasons -- however, from having sat in the open-space office and heard of all the disaster and horror stories from that side of the office, I can at least tell you that you will ...


4

TELL THE COPS I cannot stress this enough. Tell your local Police Department, tell the FBI, tell your FBI equivalent if you're not in the US. Having said that, there's generally not a lot they can do for you that your bank/paypal won't be able to. If you have dude's phone number/email that's okay, but there's a good chance they're burner phones and ...


4

Unless you intend to buy things from that website, that website has no business asking for 'your paypal account'. Either they've got malicious intent, or they just want an email address and are painfully unaware of how infosec works and in either case I would not recommend giving them anything pertaining to your financial information.


4

Since you are receiving 100% of the income all you need to do is spend / pay your partner for consulting expenses. 50% as an expense to your partner as professional services for their work. You'll need to file 1099-NEC (Non Employee Compensation) form with the IRS. Once to account for the expense you do not pay taxes on your expenses they are ALL tax-...


4

Here's a useful test for these sorts of situations: put yourself in their shoes and think if their actions are reasonable. If you are afraid of being scammed by this person, why aren't they also afraid of getting scammed by you? In other words, if you really wanted something on ebay but could not afford it, would you come up with this convoluted transaction ...


4

You can transfer money to friends and family this way, and Paypal don't charge any additional fees, but Amex treat this as a "cash advance" and hence charge higher fees / interest on it and it is not eligible for cashback. Source: I am in the UK, have a Paypal account which is linked to both my Amex card and my bank account, and regularly transfer ...


4

Another possibility besides those already mentioned, is that the scammers might start making recurring charges to your paypal account, as some sort of "subscription" service and still not send you anything. My mother was a victim of such a scam, she ordered some items from a seemingly legitimate looking company's site. But the item didn't arrive on ...


3

Yes. Find someone who wants to do the opposite FX transaction (you have USD and want EUR, they have EUR and want USD, or vice versa), and swap the currencies with them. This works whenever you have one currency, they have another currency, and you are happy to trade. You’d pick the mid-range rate, and both parties avoid commercial fees. Travellers often have ...


3

You're creating your own charity with a very high expense ratio. Sure that's legal, but (in the US, at least) involves legal work, accounting, paperwork and disclosure.


2

I can't think of any reason it wouldn't be safe, as long as you are sure that you are sending the screenshot to the seller, and not someone else. As far as I know there shouldn't be any information contained in that email that the seller would not already have access to. That being said, my assumption is that the only information the seller needs in order to ...


2

Here is what I see when I connect to my US account on the main page https://www.paypal.com/myaccount/summary: https://www.businessinsider.com/paypal-officially-launches-crypto-service-in-us-2020-11 (mirror) says that the feature is first made available for US customers only. https://www.paypal.com/myaccount/crypto/: Crypto on PayPal FAQ What can I do ...


2

No-one can answer the specific legality question because you haven't specified a jurisdiction, and even if you did it would be on-topic for law.SE but not here. However, the general types of laws you should be aware of if you are considering doing something like this: Fraud / misrepresentation: if you claim you will give some percentage of donations you ...


1

You just need to sign up another PayPal account using another email address. Each PayPal account can only be associated with 1 country. To send money between 2 PayPal accounts of different country would cost 1%+ even if the currency is the same.


1

Looks like Paypal has their own "Cash to PayPal" feature that will allow one to send money to their PayPal account without some intermediate card.


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