PayPal: Chargebacks and Dispute Resolution

by Daniel Dimov
Oct. 7, 2017 0 comments INFOSEC Institute

PayPal Inc. is a global provider of online payment services established in 1998 in Palo Alto, California. In 2012, PayPal Inc. generated a total revenue of $5.6 billion USD. . One of its main advantages is that it allows users to automatically convert funds from one currency to another. As a result, users need not have separate accounts for each currency. At present, PayPal supports 17 currencies and can be used in over 100 countries. Every second, more than $1,000 is transferred through PayPal’s financial engine. In order to protect its customers against the risks associated with doing online business, PayPal complies with the decisions concerning chargebacks made by payment card companies. However, the buyer cannot file a chargeback directly on the PayPal website. They must file the chargeback directly to the issuer of the payment card.