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08-25-2014
| Junior Member | | Join Date: Sep 2013
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Activity: 0% Longevity: 61% | | PayPal added 2 zeros to a transfar
Hi,
I sent money to my credit card from my PayPal account,
and now the money got back to my PayPal account,
BUT[!!] I got more money than the money I sent.
Someone added by accident 2 zeros to the amount I sent.
What should I do?
Are you familiar with similar stories?
Thanks.
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08-25-2014
| | Administrator | | Join Date: Jul 2008
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Activity: 28% Longevity: 91% | | Re: PayPal added 2 zeros to a transfar Quote:
Originally Posted by Yiftach What should I do? | Seriously? You need our help with this?
Contact PayPal and inform them of the error.
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08-25-2014
| | Executive [VIP] | | Join Date: Sep 2007
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Activity: 0% Longevity: 96% | | Re: PayPal added 2 zeros to a transfar Quote:
Originally Posted by Yiftach Hi,
I sent money to my credit card from my PayPal account,
and now the money got back to my PayPal account,
BUT[!!] I got more money than the money I sent.
Someone added by accident 2 zeros to the amount I sent.
What should I do?
Are you familiar with similar stories?
Thanks. | Advice paypal to get this resolved.
If you do not and paypal find out you risk being limited.
__________________ REAP WHAT YOU SOW. LIFE IS SO NOT FAIR. |
08-25-2014
| Junior Member
Threadstarter  
| | Join Date: Sep 2013
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Activity: 0% Longevity: 61% | | Re: PayPal added 2 zeros to a transfar
Put yourself in my shoes,
With no doubt you would have contact PayPal?
That's 75,000$.
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08-25-2014
| | Executive [VIP] | | Join Date: Apr 2013
Posts: 20,092
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Activity: 27% Longevity: 63% | | Re: PayPal added 2 zeros to a transfar
You really think they will not notice?
Just contact PayPal and have them resolve the issue.
| The Following User Says Thank You to JamesNorth101 For This Useful Post: | |
08-25-2014
| | Executive [VIP] | | Join Date: Mar 2010
Posts: 7,217
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Activity: 0% Longevity: 81% | | Re: PayPal added 2 zeros to a transfar
From a moral standpoint, you should notify PayPal of the error.
Of course, $75,000 IS tempting!
If you try to transfer it to a bank account, you run the risk of PayPal looking into the whole matter and closing your account. And if the transaction goes through, they will want the money back. I don't know what the law is in Israel, but in the USA, you could be charged with a crime. You cannot knowingly take money that was transferred to you in error. And I don't see anyone buying the argument that you thought that you were somehow entitled to the $75,000. But maybe the law in Israel is different.
Either way, the likelihood of you actually getting your hands on the cash is very slim. If you try to withdraw $75,000 from a PayPal account, somebody is going to look at the transaction. Hell, PayPal looks at $1,000 transactions, they are not going to let $75,000 just walk out the door without verifying it is legitimate first.
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08-25-2014
| Junior Member
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Activity: 0% Longevity: 61% | | Re: PayPal added 2 zeros to a transfar
I thought taking it in small amounts.
But, I contacted them as all of you suggested.
Thank you!
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08-25-2014
| | Executive [VIP] | | Join Date: Sep 2007
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Activity: 0% Longevity: 96% | | Re: PayPal added 2 zeros to a transfar Quote:
Originally Posted by Yiftach I thought taking it in small amounts.
But, I contacted them as all of you suggested.
Thank you! | Every transaction has the chance of being checked...
Great you called them |
08-25-2014
| | Senior Member | | Join Date: May 2013
Posts: 896
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Activity: 0% Longevity: 63% | | Re: PayPal added 2 zeros to a transfar
If you really called, your account has gained the greatest trust with Paypal.
__________________
To Every End, There Is A New Beginning!
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08-25-2014
| Subscribed [VIP] | | Join Date: Aug 2014
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Activity: 0% Longevity: 56% | | Re: PayPal added 2 zeros to a transfar Quote:
Originally Posted by GoteBay If you really called, your account has gained the greatest trust with Paypal. | Maybe paypal just tested you. Lol
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08-25-2014
| | Senior Member | | Join Date: Jul 2014
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Activity: 0% Longevity: 56% | | Re: PayPal added 2 zeros to a transfar
thats a lot of green
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08-25-2014
| Senior Member | | Join Date: Jan 2013
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Activity: 0% Longevity: 65% | | Re: PayPal added 2 zeros to a transfar Quote:
Originally Posted by GoteBay If you really called, your account has gained the greatest trust with Paypal. | I don't know, I can see them looking at his account as a security risk and worried it would happen again and shut it down
No good deed goes unpunished
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08-26-2014
| | Executive [VIP] | | Join Date: Mar 2010
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Activity: 0% Longevity: 81% | | Re: PayPal added 2 zeros to a transfar Quote:
Originally Posted by Dmshark25 I don't know, I can see them looking at his account as a security risk and worried it would happen again and shut it down
No good deed goes unpunished | I disagree. Although it COULD go either way. I don't know if it was the bank or PayPal that accidentally added the two zeros, but either way, if the customer reported that, I don't see how it could be viewed as a security risk.
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08-26-2014
| Senior Member | | Join Date: Jan 2013
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Activity: 0% Longevity: 65% | | Re: PayPal added 2 zeros to a transfar Quote:
Originally Posted by jeffweico I disagree. Although it COULD go either way. I don't know if it was the bank or PayPal that accidentally added the two zeros, but either way, if the customer reported that, I don't see how it could be viewed as a security risk. | That's the logical thought process, I'm just trying to get in the backwards mind of paypal
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08-27-2014
| Junior Member
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Activity: 0% Longevity: 61% | | Re: PayPal added 2 zeros to a transfar
Just to let you know,
PayPal restricted [No withdraw only] my account after I contacted them,
They fixed the problem within 24 hours, then they removed the restriction.
I think as a compensation they gave my account business privileges.
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08-27-2014
| Junior Member | | Join Date: Sep 2011
Posts: 33
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Activity: 0% Longevity: 73% | | Re: PayPal added 2 zeros to a transfar Quote:
Originally Posted by Yiftach Hi,
I sent money to my credit card from my PayPal account,
and now the money got back to my PayPal account, | With which subject money returned back to your PP acc ? Payment from:Paypal;OC Scheme Reject Corrections - ?
When you initiated PP withdrawal and when it was arrived back ?
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08-27-2014
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Posts: n/a
Activity: 0% Longevity: 0% | | Re: PayPal added 2 zeros to a transfar
You did the honest, and only morally acceptable thing to do. Well done
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08-27-2014
| | Executive [VIP] | | Join Date: Dec 2009
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Activity: 100% Longevity: 83% | | Re: PayPal added 2 zeros to a transfar Quote:
Originally Posted by Yiftach Just to let you know,
PayPal restricted [No withdraw only] my account after I contacted them,
They fixed the problem within 24 hours, then they removed the restriction.
I think as a compensation they gave my account business privileges. | Smartly handled Yif
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08-27-2014
| Junior Member
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| | Join Date: Sep 2013
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Activity: 0% Longevity: 61% | | Re: PayPal added 2 zeros to a transfar Quote:
Originally Posted by Alexs With which subject money returned back to your PP acc ? Payment from:Paypal;OC Scheme Reject Corrections - ?
When you initiated PP withdrawal and when it was arrived back ? | Yes, exactly what you wrote.
I initiated the withdrawal 2 weeks ago, and it arrived back 2 days ago.
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08-27-2014
| Junior Member | | Join Date: Sep 2011
Posts: 33
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Activity: 0% Longevity: 73% | | Re: PayPal added 2 zeros to a transfar
One more question - does the country of your paypal account (Israel) match the country of bank card issuer (Israel) ?
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08-27-2014
| Junior Member
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| | Join Date: Sep 2013
Posts: 72
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Activity: 0% Longevity: 61% | | Re: PayPal added 2 zeros to a transfar Quote:
Originally Posted by Alexs One more question - does the country of your paypal account (Israel) match the country of bank card issuer (Israel) ? | Yes. [10 characters BS]
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08-28-2014
| Junior Member | | Join Date: Mar 2012
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Activity: 0% Longevity: 70% | | Re: PayPal added 2 zeros to a transfar
Id of taken alll of it. Karma.
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