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Old 12-14-2014
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Default Should I close my bank account?

Ok so here is my current status. I sent money to my friend using pre paid cards I had, I did this so I can have the cash in PP instead of many gift cards. My account got limited. It has been in review for over a week, they let my bank deposits to process but im still waiting on them to go through. When this all happened i had a 0 account balance. Now its -4k and my friends is about the same. I got paid for some stuff off ebay and did not ship it because my account is on hold, I was going to give refunds but I cant since its limited. I assume my account is going negative. I just have a few questions.

Also, this is my real account, not a stealth.

1. will paypal put the funds back on the 8 cards i have linked?
2. will paypal take money out of my bank account to resolve the negative balance?
3. should I close my bank account after the money goes through?
4. should I contact PP in anyway?




Last edited by Xres; 12-14-2014 at 01:14 PM.
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Old 12-14-2014
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Default Re: Should I close my bank account?

sweet mother of mercy...

You guys are linked and paypal will probably send it to debt collectors if it stays in the red.
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Old 12-14-2014
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Default Re: Should I close my bank account?

Agreed, that's a big big negative paypal balance to have, unless you sort you are pretty screwed!!
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Old 12-14-2014
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Default Re: Should I close my bank account?

Since this is a real account with real info, you need to resolve that negative balance. Otherwise, debt collector will come after you for sure.
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Old 12-14-2014
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Default Re: Should I close my bank account?

Why not resolve the issue?
Call paypal and figure out what you need to do.
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Old 12-14-2014
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Default Re: Should I close my bank account?

+18882211161 - paypal number, use skype, its free.
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Old 12-14-2014
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Default Re: Should I close my bank account?

What kind of real info does it have? Is there a SSN attached to the paypal.
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Old 12-14-2014
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Default

Quote:
Originally Posted by BigCJ View Post
sweet mother of mercy...

You guys are linked and paypal will probably send it to debt collectors if it stays in the red.
I love the saying (sweet mother of mercy)

Do not pray for an easy paypal life,
Pray for the strength to endure a
difficult one.

I am sure u are allowed refunds when limited
sends goods u have been paid for
talk to paypal and yes they can take money from the bank account

Last edited by TGMT²; 12-14-2014 at 06:14 PM. Reason: 3 consecutive posts ???
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Old 12-14-2014
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Default Re: Should I close my bank account?

you spoke about this in the below thread:
http://www.aspkin.com/forums/paypal-...t-limited.html

No need for a new thread.

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Old 12-16-2014
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Default Re: Should I close my bank account?

Update: called and they said they will be returning the funds to all my prepaid debit cards. Im trying to find a way to use these to get my account out of the negative
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Old 12-22-2014
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Default Re: Should I close my bank account?

UPdate: account is out of the negative, have about 3k worth of giftcards. Each card has about 200-300 on it. Anyway to cash these in?
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Old 12-22-2014
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Default Re: Should I close my bank account?

Are these physical giftcards? Why not look into Square
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Old 12-23-2014
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Default Re: Should I close my bank account?

They are all physical cards
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Old 12-23-2014
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Default Re: Should I close my bank account?

Square, Stripe - decent services to cash them out BUT you must space them out so you are NOT flagged for gift card cash out
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Old 12-23-2014
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Default Re: Should I close my bank account?

Going to be a big risk to cash out those with either Stripe or Square.

They monitor carefully.

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Old 12-23-2014
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Default Re: Should I close my bank account?

I got a square coming so I'll see how it will go
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