If a lender loans a borrower say $150 for the borrower to repay $250 in 3 weeks (very high/illegal interest rate) via PayPal G&S, and it turns out that the borrower refuses to repay the loan, what will PayPal do?
The lender can obviously file a chargeback/dispute saying Item Not Received, but will PayPal give the refund or say that the loan interest rate was too high and refuse refund? Will signing a loan contract beforehand help or hurt the situation? The tricky thing is that the interest rate is illegally high.
