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Made a request about an item not received, did not take an action & closed. Do I loose my money?

Hello.

I have opened a case about an item I have not received.

I did not take any action and the case closed.

Does that mean I loose my money?

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Yes, you have lost your money with eBay...did you forget to escalate or were you not familiar with the system...however, you have one last chance to open a not received case in PayPal...open a case and follow the instructions to the letter T...