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Buyers cancelling bank accounts

Discussion in 'Ebay' started by blackhatsami, Sep 9, 2015.

  1. blackhatsami

    blackhatsami Regular Member

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    What happens if a seller gets paid by paypal and withdraws the money into his bank account. Then the seller cancels his bank card. Wouldnt that mean I cannot claim any money back from him/her?
     
    Last edited: Sep 9, 2015
  2. Reaver

    Reaver Jr. VIP Jr. VIP

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    I would think that wouldn't matter since Paypal will give you a negative balance in a moon minute. The only way to know for sure is to call Paypal and ask.
     
  3. toml3030

    toml3030 Elite Member

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    In US, as long as the bank account is open, the charge would be reversed via ACH transaction and the seller would have a negative bank balance.
     
  4. blackhatsami

    blackhatsami Regular Member

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    But if the seller closes his bank card and his paypal then makes a new paypal
     
  5. Sombrero

    Sombrero Senior Member

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    You get the money trough the bank account because PayPal won't let the user remove it until all transactions are completed.
     
  6. Sombrero

    Sombrero Senior Member

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    Double post sorry.
     
  7. Tanya2015

    Tanya2015 Newbie

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    I think your can talk to bank about dispute the payment.
     
  8. n00b13

    n00b13 Newbie

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    Doesn't matter...you are "covered" by Paypal's buyer protection whether the seller has his bank account open or not. Although, Paypal can always come up and say your transaction isn't covered.
     
  9. eBay Stealth

    eBay Stealth Junior Member

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    ACH Deposits can be cancelled
     
  10. ChanzGrande

    ChanzGrande Elite Member

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    I have not heard of anyone experiencing this kind of issue with paypal. I believe as others have said that the seller is largely protected in these scenarios, and ultimately the criminals would be charged with fraud, and paypal would cover the transactions.