My thoughts exactly, until a payment clears you don't do anything.
I made a mistake once (yes, once) buyer bought an expensive Ipod from me, then emails me and says he made a mistake and thought he was buying an Iphone. Overworked and underpaid, I mistakenly issued a refund before getting the Ipod back. Buyer emails me thanking me for the free Ipod.
Paypal said they could not reverse the transaction (BS!)
So I ran to my bank and put a stop payment on the refund. Very effective.
Buyer then files a Unauthorized Transaction dispute against me. But by this time, the Ipod had already arrived and since I sent it Signature Required, Paypal immediately found in my favour.
Buyer then Files a SNAD against me. But of course, I record serial numbers and have photographic evidence. Once again Paypal found in my favor.
The buyer, now miffed at losing twice, returns the item to me with tracking, but mails it to the wrong address. Buyer is furious that he has not only been unable to scam me, but now accepts the fact that he won't get the Ipod or his money.
The new owner marked the item return to sender. Buyer receives the Ipod, in disbelief, and then sends it back to me at the correct address.
I tell the buyer, 30 days have passed. but I will refund you. So I did. at $10 USD per month for one year. as punishment. and retribution. for his scandalous attempts to defraud me several times.
BOOYA!!!!