At the end of may I sold virtual currency and an account in a MMORPG to the same person in 4 different trades. When I was away on holidays in mid June I noticed I have open disputes on paypal. The reason for the disputes was for unauthorised payment. I know for a fact though that the person with I sold the account and currency to used his own credit card because we talked about the trade and such for a while. Paypal let the person's credit card company investigate the case(they also charged me 80$ to investigate) and after a month or so the case went in his favour.
Now I have a 560$ negative balance on paypal. I just simply cannot afford to pay back that sum as I need the money for college. Also I find it highly unfair that I should repay the money when I lost the stuff I sold.
The question is what can paypal do if I refuse to pay? After researching online some people said they have had negative balance for years after which paypal simply just froze their account after giving up on contacting the person. Is there another way I can sort this out than just ignoring paypal's phone calls, letters and e-mails? Can their be some legal implications if I don't pay?In the US apparently they get debt collectors to get the money which also drives up the sum and includes a penalty fee. Could that happen in Ireland?
Please help I'm desperate!!Thank you!