Just curious on how most of you deal with fraud on your own beat websites. Once the money is transferred to your Paypal account, how long should you keep it there before actually using it or transferring it to your bank? It would suck if a chargeback was issued and Paypal ended up taking it out of my business banking account. Is it just a matter of just keeping a certain balance in your Paypal account at all times? Like if you make a certain amount in sales, should only a certain percentage of that be transferred to your bank?

I'd like to hear from someone who's been through this process before.

Thanks

honestly... if you upload your beats through a site like e-junkie.com they will take care of all the fraud protection for you for like 5 bucks a month i think
.
to me its worth it

It's ironic you mentioned that because I was just reading an article about e-junkie and other Paypal alternatives.
http://money.cnn.com/galleries/2008/fsb/0802/gallery.paypal_alternatives.fsb/5.html

This is the reason we wait 30-60 days for the payout. And even, then this does not catch it all! I've seen chargebacks come after 3 months!

MyBeatShop wrote:

QUOTE:
This is the reason we wait 30-60 days for the payout. And even, then this does not catch it all! I've seen chargebacks come after 3 months!

damn 3, thats crazy...

how though, dont when people use paypal it comes str8 out their bank, and if they have the funds it go through if not then it dont, not that i want to fraud i ust wanna know how they do it.

bigdawgbeatz wrote:

QUOTE:
MyBeatShop wrote:

QUOTE:
This is the reason we wait 30-60 days for the payout. And even, then this does not catch it all! I've seen chargebacks come after 3 months!

damn 3, thats crazy...

how though, dont when people use paypal it comes str8 out their bank, and if they have the funds it go through if not then it dont, not that i want to fraud i ust wanna know how they do it.

I think it's when people use fake credit cards through paypal