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Paypal Balance -2,300 help???
 

Ok so i realize i am a idiot for this whole situation and it is largely my own fault but someone please help me and tell me what im supposed to do? So i sold on item on ebay i recieved funds withdrew them and then spent them. 1 day later the buyer disputes me for item being not as claimed. hes saying the item isnt in perfect condition so now hes disputing. i dont have the money to pay him back or re imburse the paypal account. the account is -2,300 right now. what is going to happen now? the account isnt stealth what is going to happen to me? what can i do. what is paypal going to do to me? what are my options please someone help i dont have the money now to pay back. what is paypal going to do?

First I understand that you are in panic now. But pleae stay clam, when there is a will there is a way.

I think it'd be good to talk with the buyer at this moment. Do you have the phone number of the buyer? You may ring him up and be sincere and honest, tell him you siutation and say that you cannot afford to pay him the original amount to him at this moment.(It's been proven that people are less likely going to yell or blame you as much on phone when compared to email communicaiton.)

Honestly, It'd just be lose-lose situation if the buyer files a claim to paypal as you don't have any money in your bank account. Paypal can do nothing about this and will normally tell the buyer that he's out of luck as there is no money in the sellers account and the case will be closed as far as I know.. However the buyer do have the right to bring this case to court. Try your very best to avoid this. Maybe you can think about a repayment plan (say 3 months?) and explain this to the seller.

Don't ever think about using your paypal account or your ebay account linked to this transaction anymore if you are not going to solve it(I am sorry but you are an a$$hole in this case).

This is just my 2 cents. Do keep us informed and good luck.:)

i have spoken with buyer over phone he wasnt very understanding at all. he was very mad and angry. he said he is filing claim. i dont think he will try and take it to court cause he is in state far away it would cost him at least 2 grand just to do all that and then he still would just break even with court costs and that is lot of work to. i dont think most people do that. and the item is in pretty good shape so i still dont think he would have much of a case. i am freaking out though i dont know whats going to happen. i might try and do payment plan with him if it comes to that. im definently never going to probably be able to use these accounts again. but that is it then paypal wont come after me for the money or my credit? they just going to tell buyer he is out of luck? well this sucks i do realize i was a$$hole in this case but wasnt trying to be. i thought it would be ok to withdraw money and everything would be fine. ty for your two cents.

do i have anything to worry about though? because these accounts are not "stealth" as you would say. i am just screwed because i already spent money i cannot refund him.

someone please help i am losing it i cant stay calm i am going nuts i dont know whats going to happen for sure. i have been smoking magic green grass non stop to stay calm im going nuts

Hiya cheadle, yes of course that amount of money would cause anyone anxiety and panic.

I see you have taken Dells advice and spoken to the buyer and he is not happy.

Are you confident in the product you sold him? IE would you be happy with it if you received the same? I dont know what it is so I dont know why he is so angry as you say.

If he proceeds with the claim he will have to send the item back to you. If he does this then Paypal will refund him from your account.

Now what happens is Paypal will email you to remind you to rectify your negative balance of $2300.

If you do not then they will pass this onto a collection company (This is true for UK, sure US is similar, be good if US member can confirm)

Now as you have your real details on the account Paypal will always remember them.

Sometimes its best to bite the bullet and try to sort it out. Partial refund is best as its the quicker fix. However the buyer may have to return it for a full refund.

Thats about it really.

Yes, they will send it to a collections agency, however that's not really a big deal. The cool thing about this..... you don't have to pay it. Ever. It won't show up on your credit, and even if it does, you're fine.


This person can't take you to court. (They could, but they'll lose) They'd have to sue paypal.


Let us know how it goes. Good luck!

Nothing to be scared and freaking out of this case if your sending product in a good condition as described.
I'm sure the buyer not gonna bring this case to court,if your location far away +100 km,even though if he ask for an advice from lawyer,it's useless,he'll gives it up as lawyer fees more than $2300
Im not sure if your product sending is as what you advertised to the buyer or not but i think the only best option now telling the buyer sending it back,you'll check it if it's good or not as original before you posting to him,you'll not refund the money to him.
if it's really faulty,admit your fault,be nice,polite and try to explain your situation, 95% the buyer will be rather accept a partly refund than wasting their time,headache and not sure if they will have a chance to win

However,you must be CREATIVE, not just smoking and being so nut if so im sorry to say this you not just an a$$hole,urs stupid.

Good Lucks

Ringostar and Kingfish900 the same person and now Cheadle? seems fishy to me. I bet it's the same person.

I answered your questions already but you are still asking the same questions over and over.....

BooMer

I noticed this too Boomer.. Good eye! :)

what was the item? if it's in that good of condition, why not just tell the buyer to resell it?

As a lessons learned, never spend the money before complete a transaction unless you already have that cushion in your account.

someone has a similar problem and asks a similar question and there you go again with your assumptions. cheadle i am having the same issue or similar problem but it is a higher dollar amount and the buyer is claiming its a completely different item rather then just being in bad shape. i however personally feel their is no valid way for the buyer to prove this and so long as the funds are in your possession then he is out of luck. however working the best you can to resolve the issue proper and in a civil manner is the most important. i however have been unsuccessful in doing this so he is out of luck. lay down the herb for a bit and clear your head. whether your item was as described or not, you were smart and made the right decision in removing the funds. because if you didnt, you would be in a more sticky situation where the buyer has all the control. however spending them all, not so wise.

I say try partial refund to make him happy.

Correct me If I'm wrong but I think the safest thing to do is wait until he at least leaves feedback to spend all the money.
In some rare cases the buyer would want a refund for some reason even after he leaves a positive feedback.

What do you think?

:deadhorse::deadhorse:

Are you all sorted on this topic now chead?

Here is what you do point blank.

Call buyer again.
Tell buyer to send package back to you with a tracking number.
Tell the buyer you don't have the money for immediate refund.
Tell buyer you will re-list it on your ebay name before it arrives back to you. (This will keep from fast negs against your feedback cause now the buyer will be more involved in getting your/their money back.)
Tell the buyer as soon as it sells you will ship it to the new buyer and you will revise the auction with the 1st buyers input so the description is accurate %100.

Tell the buyer you will wait until the 2nd buyer receives the item to confirm nothing is wrong with it outside of the description (in case the 1st buyer tampered with item or did a switch around.)

After second buyer is happy refund the money to first buyer.

This is about as honest you are going to get. No shame in telling someone you are broke.

If the first buyer does not like this idea tell them paypal isn't refunding anything cause there is nothing in the account to refund.

keep in mind advertising an item in "perfect condition" implies brand new to some buyers on ebay.

i would get the $2300 back and refund him ASAP.

It shows up on your credit score, and they will keep pushing it further and further.

That depends. I dont know how it works for the US but if you adhere to the stealth rules then I imagine that it would be hard for entries to be made on your credit score.

I have checked my credit score and it seems to be clean as a whistle, only details of credit cards and use, (most dormant)

I think if they have your real details thats when things pop up on credit scores.

Right and I think the OP said it was made with real information. I mean if they have his phone number and whatnot its probably a real account and not stealth. If they have your name and your address your effed. Also, if it was $15.00 that is one thing, but a negative $-2,300.00 is a ****ton of money to default on. When I got popped for negative $200 on my first real Paypal account they sent it to collections. I just paid the $200 its not worth it to me to have that big black mark on my score. I can only imagine what $2,300 would do. Also, I have heard that on high amounts like that collections agencies may take you to court over it as well. And if they have all your real information, theres nothing you can do...

thank you all for your input and help. however their are some conflicting answers? some people are saying that it doesnt matter and theres nothing paypal can really do and it wont go on my credit score. others are saying it will go on my credit score and they will stop at nothing. it just doesnt make sense to me how paypal can just go around ruining peoples credit solely on the word of some buyer who has no proof to back what hes saying. also the account isnt stealth its my real info, and i also used the paypal debit card to withdraw all the funds. is this going to be a problem as will since i withdrew the funds and spent with the paypal debit card? how could there be nothing i can do. how is it that im screwed when the buyer has no proof or anything to back his claim? i dont understand this, at the end of the day neither of us have proof of anything and its his word vs mine. well i am still curious as for certain if paypal can and will ruin my credit of this. and also i am wonder of i could face legal repercussions. thanks everyone. again the item was as described and he recieved the correct item. but theres no way i can give him all the money back and just take a total loss on my item. however what if i offered a 50% refund? and said he could just keep the item?

they have my name adress, ssn... but no phone number on the paypal account. the ebay account is semi stealth. can they really ruin my credit? but at the most that is all they could do right? just ruin my credit? i just dont see how they can go around doing that every time a buyer complains and they dont recover the funds. what is to stop buyers all over the world from just doing this all the time and scamming people then? i shouldnt have spent the money yea. that was stupid before recieving feeback. but the buyer has no reason to complain he got exactly what he bid on. that is his fault. it is just as described. i could try and come up with the money and refund him if he would send the item back, but he wont even send it back. hes just holding onto it and disputing.

please help, im not sure what to believe or what is the correct answer, some say paypal will destroy my credit some say theres nothing they can do about it if they cant recover the funds. i freaking out right now. this thing is still in dispute.

first edition and delldell say that even if it goes to collections i wont have to pay it and it wont show up on my credit ever and that paypal wont even send it to collections and they will just tell buyer he is out of luck. but vigilante and neo think it will go to collections and they ruin my credit and i will get screwed. im so confused :pout:

That's because PayPal is quite unpredictable. Sometimes they will go after people for lesser amounts and sometimes they will let go. You really can't get straight answer here for your particular situation, because of the PayPal's unpredictability, sorry. Weaher you like it or not, its known that Ebay and PayPal favor buyers, ( we don't like it either), but that is the fact. You can be mad all you want and this won't change any time soon. So, when we say that PayPal will ask you to refund, its very likely. None can say with certainty they would go to report this on your credit, but PayPal has done that before to people when they have their ss#, So, if they could they probably would, but none can guarantee this either. $2300 is quite a lot IMO.

i see. well thanks. it does suck how they always seem to favor buyers. im just curious as to how they actually have that type of power to report it on your credit. i mean they are not a bank, how could they have this type of authority to where they could just refer it to a collection agency and that collection agency can have full justification to ruin your credit solely based on the word of a buyer who has no proof to validate his claim? the whole scenario and situation just doesnt make sense. im just trying to rationalize it or figure out how they could possibly do such a thing. has anyone ever been in a situation similar to mine with a non stealth account and it didnt go on their credit score? and 2,300 is alot. its alot to just take a loss on as well.

good answers for this topic. Plenty for the OP to work on.

Think we've done enough for the OP.

yes thank you for all the help everyone. have alot to work on. definently wont make this mistake again.

however, im still a bit unclear as i said, as how paypal could possibly just forward something to a collections agency and that agency could ruin your credit solely based on the complaint and word of a buyer, with nothing to validate his claim? i mean if that were the case would you not have hundreds and thousands of sellers doing this to buyers? since they always favor the buyer.

Read this from the Paypal User Agreement https://cms.paypal.com/us/cgi-bin/?&...locale.x=en_US and look under section "5. Account Balances"
And look at Section "10. Your Liability - Actions We May Take."

This will answer all your questions.

BooMer

thank you boomer. well not really. not at all what i wanted to read. but glad i did i guess. good lord, from reading all that i take away 1 thing. do not mess with paypal lol. that was frightening. well i guess i am royally screwed and im out 2 grand then basically. this is unbelievable. im going to have give this guy his money back and hes either going to keep my item or probably return a brick to me. what a horrible experience this has been. now i have to pull 2 grand outta my arse or paypal is going to come after me with all their rath and furry. i hate you paypal/ebay.

Paypal offers to have the buyer send the item back before you hand over money. GET THE ITEM BACK IN YOUR POSSESSION!!! If your ok with giving a %50 refund then that type of cut could help you re-sell it on ebay even faster than I suggest before.

Quit being boggled by how paypal could do such a thing and fix this situation right now! I already posted a step by step on how to fix it and still not be out but you still want to worry about why the sky is blue???:confused: It just is and that's why. (i know there is more science behind it...im proving a point here!)

If you don't care about your credit and if you want to be on the constant run from ebay forever when they ask for your SSN on your next pp and ebay account....cause you just sold another mis advertised item that was high dollar then ignore the whole problem or start feeling like you have rights.

Cause if you completely bail on your account with a ssn attached next time you won't get a chance to even get your money on a $2300 item. Paypal will restrict you and hold your azz hostage....then make you wait 180 days.

So quit being unclear.

You gave your SSN if you don't get the item back and find a way to repay him/her in a month or so then yes you will have some marks on your credit. Yeah its not big deal if you don't care about your credit. I don't know why others are posting different. I do know the lower the amount the less aggressive they can get but collection companies got all the time in the world.

So quit being unclear.

Read what I wrote above on what to do step by step.

Quit being unclear.

Here is what you do point blank.

Call buyer again.
Tell buyer to send package back to you with a tracking number.
Tell the buyer you don't have the money for immediate refund.
Tell buyer you will re-list it on your ebay name before it arrives back to you. (This will keep from fast negs against your feedback cause now the buyer will be more involved in getting your/their money back.)
Tell the buyer as soon as it sells you will ship it to the new buyer and you will revise the auction with the 1st buyers input so the description is accurate %100.

Tell the buyer you will wait until the 2nd buyer receives the item to confirm nothing is wrong with it outside of the description (in case the 1st buyer tampered with item or did a switch around.)

After second buyer is happy refund the money to first buyer.

This is about as honest you are going to get. No shame in telling someone you are broke.

If the first buyer does not like this idea tell them paypal isn't refunding anything cause there is nothing in the account to refund.


Ok im done posting on this thread now.

I will try to get in a deal with the buyer. Like "I will give you 200 back and you cancel dispute" or tell him if he wants a refund he has to pay shipping back and wait for you to come up with money. they have your ssn so who knows what can happen.

ok thank you for the clear response and answer. the buyer currently is refusing to return the item. originally he claimed the item never arrived and now is claiming the item is not as described. because he is claiming it is not as described i am confident im going to recieve a blank piece of paper even if he does return the item. at this point he is saying no however. and is just in a stand off with me while it is in dispute. i told him i am broke, and cannot refund his money. he says paypal is going to give it to him through the dispute then and i will be screwed. im trying to come up with the money to give him a %50 refund, i dont know what good that will do however. im just trying my best to recover my item from him and am having no sucess. we have had short conversations on the phone and they just end with him getting mad and hanging up on me. i am getting no where with him. but thank you for your answer in regards to paypal / collection agencies/ them ruining my credit. i will probably just end up taking it up the rear and getting screwed and losing 2k. thats about my only option. as he is not willing to return the item. i have done the step by step process as you have said. the buyer refuses to return item. he said on the phone if he does return it im getting a blank piece of paper. should have probably recorded the conversation. im doing all i can to resolve it. offered 50% refund if he would just give me some time, also told him i would re post the auction and sell it and then he could return my item. and i would refund him. hes not going for anything. he wants to hang onto the item and get his money back.

you have all been very helpful. boomer and one. you need not post any more. i am screwed and realize this. there is nothing i can do. buyer is not cooperating and wont return item. he even stated if he does im getting crap back. he is pissed of and has been open and arrogant and blatant about his intetions. because they always favor buyers theres nothing i can do. my only solution is to at least save my accounts, and loose 2 grand. while its not really worth it for me to loose 2 grand to save my accounts, im also saving my credit as well i guess. thats just alot of money to loose. but im going to have to come up with it and refund him. then just pray he returns my item. thanks again.

No! You wait for him to return your item first. He needs to prove it to PayPal item was returned before PayPal will be after you for money to refund.
Like Greenbean said, enough is enough....:rolleyes:

Just walk with your cash and be done! Paypal can't do $H@t to you so do not sweat it. Cancel your checking account with your bank and get a new one start a new staelth account. They do not actually know who you are just by name and address but no soc sec # Screw them enjoy!! With no ss # you are in the clear been there already for 4000. Sold highend cameras to a guy and said they wer defective . The guy tried to rip me off of 4000. i said keep the cameras and enjoy them you theif. all in all he beat around the bush on returning so that was it cut that account loose and be fresh!!!!

i know lyda. im not refunding anything till i get the item back. the thing you guys just arent understanding is that the buyer blatantly said screw you, im gonna send you a blank piece of paper. so im going to get a blank piece of paper in a postal service envelope. and then what??? then i have no option. im not getting my item back. the buyer has stated that loud and clear. im out 2 grand and have to come up with the money and refund him, unless i want my accounts trashed and my credit ruined. this guy totally reemed me.

thats the problem man. this is a legit seller account. with a ssn linked to the paypal, i even made the withdraw with the paypaldebit card, which also has my ssn linked. im screwed unless i get my "REAL" item back. which the buyer stated on the phone i wont. i would love to cut the account loose and just make stealth accounts. unforunately due to my ssn being linked, thats not an option. im effed.