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PayPal negative balance (£50)

Discussion in 'Business & Tax Advice' started by scronberg, Apr 24, 2014.

  1. scronberg

    scronberg Newbie

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    Hello,

    I used to sell FIFA coins on paypal which is a digital item and accordinly to PayPal's buyer/seller protection plan they don't rule a dispute in anyones favor when coming to virtual items disputes, however, I deleted my account and then somebody disputed a payment of £50 and now I can't even see the dispute in the resolution center.

    So I'm probably going to lose that £50 dispute and go into negative balance so my question is what will happen? I have provided correct information (name & address) I have no creditcard attached (only a bank account which I withdrew money to)

    I am also under 18 and the paypal account is created in my name, so my question is, can I just ignore it? or will I have debt collectors after me and stuff?

    regards
     
  2. PrinceVisi

    PrinceVisi Elite Member

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    How did you manage to withdraw the money with your name to a bank account when you are under 18?
     
  3. Apricot

    Apricot Administrator Staff Member Moderator

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    You don't need to worry about debt collectors. Think about it, It's going to cost whoever almost 10x that much to send people round. It's just not viable or efficient. They may send a few fussy emails, but you are free to ignore them. Just don't expect to get another Paypal account.
     
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  4. back2form

    back2form Jr. VIP Jr. VIP Premium Member

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    If you're under 18, you can only withdraw money from your dad's pocket :) lol

     
  5. scronberg

    scronberg Newbie

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    Yeah that's what I was thinking, but they can't e.g trash my credit so when/if I need to take a loan they'll see that I have an out-due payment?

    And I don't know exactly how the bank account works but I can be given money just not send/make payments using it (I live in Sweden, maybe it's "special" here, I don't really know.)

    EDIT: Wow, never mind, I sent an email to PayPal explaining the situation and as their buyer/seller protection plan states they do not cover virtual items. This is the first time I've won a dispute I'm in chock haha :p

    "Refund amount: 0,00 GBP
    We are denying your buyer's claim because the item you sold was virtual,
    digital, or intangible, which is not covered under PayPal Purchase
    Protection. We only cover claims involving physical items that can be
    shipped and tracked."
     
    Last edited: Apr 24, 2014
  6. kypso

    kypso Junior Member

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    You will still have an mark if you want to open an new PP account - be careful where and how you do business the next time.

    K.
     
  7. SEOWhat

    SEOWhat Regular Member

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    haven't you see PP TOU, you can have account if you are under age of 18
     
  8. xpofkex

    xpofkex Junior Member

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    First, you can't have account if you are under 18. Second, if you registered with your real name, address and other info. I don't suggest to create another account with that information you will get soon limited. Paypal are very serious like Google Adsense bans..
     
  9. devtheworld

    devtheworld BANNED BANNED

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    Debt collectors wont go after you for this very small money. But how come you created your account when you are under 18, did you read their tos?
    [h=2][/h][h=2][/h]
     
  10. YCGong

    YCGong Newbie

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    Dont worry...you can Freeze your order!!!
     
  11. Ste Fishkin

    Ste Fishkin "I'm watching you.." - Apricot Jr. VIP Premium Member UnGagged Attendee

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    It might go on your credit record, but for £50 they must be extremely short of work to chase you for it.

    For the sake of £50 just give them £50. You may find when you turn 18 and try and apply for phone contracts or credit cards that this £50 problem with your credit rating will stop you doing that.