[YouXe]

Let me explain what a friend of mine encountered a few days ago:
What tactic is this and how exactly does it work?

He listed his iPhone (~700 EUR) on eBay.
A buyer named "SA" (probably his initials) contacted him shortly after and wanted to buy his iPhone. They both agreed on PayPal.
My friend told me, that the person who sent him the money, was named "Fxxxx Nxxxxxx" <- (anonymised his name) initials are FN and not SN. He was confused why the name wasn't the same as the eBay person but everything went fine and he got his 700 EUR.

Two days later, the money was charged back from his PP account with the message, that the buyer's account was "hacked" and he had not made this transaction.

Long story short:
"SA" from eBay and "Fxxxx Nxxxxxx" from PayPal are the same person, who now has a iPhone and his 700 EUR back.
My friend lost his iPhone due to this scammer. Maybe it's also good to mention that the iPhone wasn't shipped to "SA"'s address, but instead to an pickup station.

[synriz]

The guy carded or used a stolen PayPal to send the funds to your friend

[mothered]

Two days later, the money was charged back from his PP account with the message, that the buyer's account was "hacked" and he had not made this transaction.

Ridiculous. From a legit standpoint, If the buyer cannot secure his account, that's his problem. It should not Impact on the seller In any way, shape or form.

Tell your friend to report an unauthorized transaction through PayPal's Resolution Center. Alternatively, he can perform a chargeback via his credit card provider, or a bank reversal.