Paypal Question

gZaw

Senior Member

Jr. VIP

Apr 19, 2009

806

742

• Nov 23, 2009

• #1

Okay. Let's say you get payments via Paypal, and you withdraw money from your Paypal account to your bank account. Then you transfer the funds from your bank account to another bank account.

Now, let's say a chargeback is done, and I heard that if there are insufficient funds in your Paypal account, Paypal will try to grab funds from the linked bank account.

But remember the bank account has no funds in it. So can Paypal make my bank account go into overdraft, or will Paypal just limit my PP account and label my account with a negative balance?

 

wowhaxor

Elite Member

Apr 28, 2007

1,924

3,371

• Nov 23, 2009

• #2

I believe they can overdraw it.

At one point I had this happen but my bank account closed during the process so they just left me with a -$600 in my PayPal. It still operated as normal and I got payments until it reached a positive balance, they did make me add a new bank account to reverify my account.

They tried to charge me bank account though so it would depend on your bank and if they let you overdraft by that much I'd think.

 

Knoxgates

Supreme Member

Aug 9, 2008

1,265

927

• Nov 23, 2009

• #3

Depends on country you live in. In India they cannot grab funds from Linked Accounts.

 

B

bradsteves

Registered Member

Nov 23, 2009

79

12

• Nov 23, 2009

• #4

While they should not be able to overdraw you, your bank will likely hit you with some fees for each overdraw attempt.

 

markyr17

Regular Member

Sep 9, 2009

213

411

• Nov 23, 2009

• #5

I think it really depends on your bank. Some will give them the funds, and hit you with an overdraft fee, and others will deny them the funds.

 

gZaw

Senior Member

Jr. VIP

Apr 19, 2009

806

742

• Nov 24, 2009
• Thread Starter Thread Starter

• #6

I use bank of america

 

J

java

Guest

• Dec 3, 2009

• #7

always opt out for overdraft protection on your bank account!

Click to expand...

Unless you don't want to be overdrawn by Paypal.

 

S

suga051982

Regular Member

Jul 22, 2009

222

33

• Dec 8, 2009

• #8

Paypal can not withdraw from your bank account without your authorization. If they do, you can inform your bank and they will reverse the charges. I bank with B of A, and when I have problems with PP, I contact my bank.