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PayPal Negative Balance Issue

Discussion in 'Making Money' started by Vonais, Jun 5, 2014.

  1. Vonais

    Vonais Power Member

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    What happens when your US PayPal account gets disputed and is in negative balance? Does someone from a collection agency come over and take your money to pay off the negative balance? Or is it better to just start fresh?
     
  2. pavan

    pavan Elite Member

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    they can easily recover it if you have a cc or bank account attached to it
     
  3. bbrez1

    bbrez1 Power Member

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    What happens if you don't?
     
  4. arganrecords

    arganrecords Elite Member

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    Yes, they can contact debt agency to recover the funds. PayPal it's great way to receive and send money but has too easy refund policy and you can get this stupid problems. How much is the debt?
     
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  5. pavan

    pavan Elite Member

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    As mentioned by arganrecords
    they will hire debt collection agency
    however it depends on amount of debt
     
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  6. Vonais

    Vonais Power Member

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    Well, it was just a question and nothing is owed. However, if you don't have a cc or bank account attached to it, and the address is fake, how will the agency track you down and get the money?
     
  7. VanDam

    VanDam Registered Member

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    Mine went into negative balance by $8 in the past and my account was having issues at the time. It was all above board in my real name and real bank account so I just made a bank transfer to PayPal and it was sorted out in a few days.
     
  8. faoulas

    faoulas Newbie

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    I had -70$ on my previous account.. and i also had a credit card attached on this account which expired though.. I 've never paid the money, so they closed my account.. The next day i opened a new one and i use this instead ! It 's been a year and no one asked for this 70$..
     
  9. mirajkadam

    mirajkadam Regular Member

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    if your account was fake than u have no problems in future!
     
  10. Tishoy

    Tishoy Regular Member

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    it depends on where u live. if you live in USA, CANADA, UK, IRELAND and couple of more conutries, they will get the money via collecting agency. IF u do not live in those contries simply ditch the account, they can't do anything to you
     
  11. faoulas

    faoulas Newbie

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    Yeah i did not mention that i live in EU, so maybe thats the reason i 've never paid..