Tinkode is a convicted former Romanian hacker, who was arrested in year 2012 for attacking NASA, Oracle, Pentagon, U.S. Army and many more high profile websites and that time he was ordered to pay damages totalling more than US$120,000.
"A Chargeback, also known as a reversal, occurs when a buyer asks a credit card company to reverse a transaction that has already cleared" and this could be done when the buyer's credit card number is stolen and used fraudulently or if seller tries to fraud.
"So for example, you have 500$ on your account. You transfer the money to the second account with the pretext of buying a phone. From the second account you again transfer the money to the third account as a gift. After 24 hours, use the charge-back function from the first account (the real one) to get the money back, with the excuse that the phone did not arrive on time. PayPal will initiate a process where both sides bring evidence for their defense. Obviously you will only send evidence from the first account showing that you were scammed. At the end of the trial the money will be restored to the primary account and the second account will have a negative balance of -500$. This way, you doubled the initial amount of money because you still have 500$ in the third account. As the second account is only a virtual one, it will not have real money from which PayPal can extract. Therefore you are left with 500$ restored by PayPal, and 500$ in your third account."