Chargeback help

[Acafaca]

Hello,

I recently got scammed online. A buyer has charged me back, and in a few days the balance will be taken from my bank. My plan is to close my bank account so that can't happen (ie the payment processor can't take back the money).

If I close my bank, will this stop them (the processor) from taking money from my bank and me? I don't want my bank to have to eat it up, I'd feel bad, but I believe if I closed the account, they wouldn't even be able to take it out in the first place.

Is this right?
Thanks... I can't believe I'm posting this on LLT but off topic?  

[yathis]

You were the seller, sold something to a buyer, and the buyer has charged you back?

 

Tell us the story please.

 

Because in Mongolia, that is a hangable offence Acafaca

[KuJoe]

You need to provide more information if you want us to provide an educated answer. I can make assumptions, but they might not help.

[yathis]

In Somoa you maybe able to do it.

 

How does a buyer do a chargeback?

[Acafaca]

4 minutes ago, yathis said:

In Somoa you maybe able to do it.

 

How does a buyer do a chargeback?

I am Canadian./

[yathis]

Just now, Acafaca said:

Canadian

So sorry

 

What bank?

[Acafaca]

6 minutes ago, KuJoe said:

You need to provide more information if you want us to provide an educated answer. I can make assumptions, but they might not help.

I sold an item on my website (Small business) somebody bought it and pretended they didn't get the actual item, and since our payment processor always listens to the buyer, long story short we got hit with a 2k chargeback. I can't afford to pay it, so I want to close my bank to avoid it.

[Acafaca]

Just now, yathis said:

So sorry

 

What bank?

Toronto Dominion

[yathis]

You did not do tracking on yout $2k product?

[RZeroX]

Just now, Acafaca said:

I sold an item on my website (Small business) somebody bought it and pretended they didn't get the actual item, and since our payment processor always listens to the buyer, long story short we got hit with a 2k chargeback. I can't afford to pay it, so I want to close my bank to avoid it.

Did you provide any sort of tracking number as you would be able to prove that it was shipped and received.

[Acafaca]

Just now, RZeroX said:

Did you provide any sort of tracking number as you would be able to prove that it was shipped and received.

They already have it. They claimed they got basically a brick. Believe me, I don't stand a chance... it's the unlucky part of online selling on such platforms. I'll switch to something different. In the meantime, what happens when I close my bank?

[Acafaca]

2 minutes ago, yathis said:

You did not do tracking on yout $2k product?

Same as other one:

They already have it. They claimed they got basically a brick. Believe me, I don't stand a chance... it's the unlucky part of online selling on such platforms. I'll switch to something different. In the meantime, what happens when I close my bank?

[yathis]

Live & Learn

[Acafaca]

Just now, yathis said:

Live & Learn

Yes, but what happens when I close my bank?

[GDRRiley]

well ask them for it back and if it isn't broken then resell it, and it if is broken as long as you have insurance for the shipment ask the shipper to cover the cost. 

[Acafaca]

Just now, GDRRiley said:

well ask them for it back and if it isn't broken then resell it, and it if is broken as long as you have insurance for the shipment ask the shipper to cover the cost. 

Okay, okay, but what happens if I just close the bank?

[GDRRiley]

Just now, Acafaca said:

Okay, okay, but what happens if I just close the bank?

that is a lot of work and the bank will most likely not allow you to

[Acafaca]

Just now, GDRRiley said:

that is a lot of work and the bank will most likely not allow you to

What do you mean? I just go there and say I don't need it anymore, and they will close it. It shouldn't be hard. The chargeback won't hit my bank for another while (few days)...

[GDRRiley]

Just now, Acafaca said:

What do you mean? I just go there and say I don't need it anymore, and they will close it. It shouldn't be hard. The chargeback won't hit my bank for another while (few days)...

most banks will be question 

[Acafaca]

Just now, GDRRiley said:

most banks will be question 

can't I just say I don't need it anymore?

[GDRRiley]

Just now, Acafaca said:

can't I just say I don't need it anymore?

you can but they may not close it right away

[Acafaca]

3 minutes ago, GDRRiley said:

you can but they may not close it right away

Should I ask them to block all transactions? What should I do. I don't really want to get into trouble. 

I believe the easiest would be to just outright close it.

[AshleyAshes]

7 minutes ago, Acafaca said:

Okay, okay, but what happens if I just close the bank?

Okay, it totally sucks that you got scammed and it is true that most payment processors will heavily side with the consumer and chargebacks can be abused to the point of fraud easily.  That said, if you close your bank account, you are going to entirely burn that bridge with your payment processor.  They will likely send a collection agency after you and might try to SUE you for the money even.  More over, you can bet that that $2000 outstanding debt will go on your credit rating which could interfere with you accessing other financial services in the future, particularly business related services.

 

You should very seriously weigh your decisions here.

[GDRRiley]

3 minutes ago, Acafaca said:

Should I ask them to block all transactions? What should I do. I don't really want to get into trouble. 

do what I said above, you may just have to be out that money for a while

[Acafaca]

2 minutes ago, AshleyAshes said:

Okay, it totally sucks that you got scammed and it is true that most payment processors will heavily side with the consumer and chargebacks can be abused to the point of fraud easily.  That said, if you close your bank account, you are going to entirely burn that bridge with your payment processor.  They will likely send a collection agency after you and might try to SUE you for the money even.  More over, you can bet that that $2000 outstanding debt will go on your credit rating which could interfere with you accessing other financial services in the future, particularly business related services.

 

You should very seriously weigh your decisions here.

What are the chances stripe will sue me. That sounds very scary  I can't afford to loose $2000, I am still a student and that would possibly force me to drop out for a year... How would it affect my credit rating? Wouldn't only stripe know about it? My bank wouldn't know about it right?