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paypal negitve balance

Discussion in 'BlackHat Lounge' started by dark1463, Aug 7, 2014.

  1. dark1463

    dark1463 Newbie

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    my paypal is negative around 900$ do to my own doing of instant transfers should i be worried?
     
  2. shezboy

    shezboy Jr. VIP Jr. VIP Premium Member

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    It means you owe PayPal $900. If you've the $900 to pay them then don't worry.

    Do you know if they are able to take the money direct from your bank account to recover the money?

    Shez
     
  3. dark1463

    dark1463 Newbie

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    no as it started with my paypal account getting hacked and i kinda ran with it and ordered some stuff then closed my bank account
     
  4. shezboy

    shezboy Jr. VIP Jr. VIP Premium Member

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    You'll prob just get a few letters from a debt collection company acting on behalf of PayPal. I don't know how aggressive they'll be in their persistence to recover the money.

    Shez
     
  5. SharkServers

    SharkServers Regular Member

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    In the UK, as long as you have a bank account linked to your PayPal, they will attempt to automatically transfer money from your bank account to cover the negative balance. This only works if you have a direct debit set up - they can't automatically take money from a savings account, as it does not have direct debit facility. They will only attempt to collect the full amount, so if you owe $900, they will try to transfer $900 in one go. If you have $899 in your bank account, the transfer would fail and the money would remain where it was.

    Just pay off the debt in installments - no need to do it all at once. Although, they can report this to credit reference agencies, if this is your real account.
     
  6. dark1463

    dark1463 Newbie

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    what about in the us?
     
  7. HostKnight

    HostKnight Registered Member

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    Will you be getting $900 in sales over the next few weeks? If so don't worry.

    If not then they will attempt to take the funds from your bank account.

    I'm sure they will contact you if there are any problems
     
  8. jcardo98

    jcardo98 Newbie

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    wow how did you get -900 on the account ? :O
     
  9. lover

    lover Jr. VIP Jr. VIP Premium Member

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    They may reverse some of your "money sent" transactions to recover the balance.