Is it possible to request a refund for a cryptocurrency transaction sent via PayPal friends and family?

3 answers

• chRiceAug 29, 2021 · 4 years ago
  Unfortunately, requesting a refund for a cryptocurrency transaction sent via PayPal friends and family can be quite challenging. Since PayPal's friends and family payment option is designed for non-commercial transactions, it does not offer the same level of buyer protection as other payment methods. In most cases, once the transaction is completed, it cannot be reversed or refunded. It's important to be cautious when using this payment method for cryptocurrency transactions and ensure you trust the recipient before sending any funds.
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• Chester LiAug 09, 2024 · a year ago
  No, you cannot request a refund for a cryptocurrency transaction sent via PayPal friends and family. This payment method is not intended for commercial transactions and does not provide the same level of buyer protection as other payment methods. Once the transaction is completed, it is considered final and cannot be reversed. It's important to carefully review the details of a transaction before sending funds to ensure you are comfortable with the terms and trust the recipient.
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• sriram BadardinniOct 25, 2022 · 3 years ago
  As a representative of BYDFi, I can confirm that requesting a refund for a cryptocurrency transaction sent via PayPal friends and family is not possible. PayPal's friends and family payment option is designed for non-commercial transactions and does not offer the same level of buyer protection as other payment methods. Once the transaction is completed, it cannot be reversed or refunded. It's important to exercise caution and conduct thorough research before engaging in any cryptocurrency transactions to avoid potential loss or disputes.
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