tcrofin | 03-27-2011 07:32 PM | Quote:
Originally Posted by GreenBean™
(Post 214082)
I'll try to find that post you mentioned. It needs to be checked if it is giving misinformation. :peace: | It's item #15 in the sticky at the top of the page:
Sticky: FAQ: Selling with Paypal How to Protect Yourself
BooMer
15. My PayPal account is in the negative. Can PayPal yank money from my bank account or CC?
PayPal used to do this, but lost a lawsuit several years ago and now will not pull funds from any source without your authorization. If your account balance is negative (through a chargeback, reversal, etc), here is what they may do (in the likely, though not guaranteed, order):
*Take any funds in your paypal account to bring the balance back to zero
*Use any incoming payments to cover the negative balance
*Ask you to add money to your account to solve the problem.
*"Piggyback" the owed amount onto any payments you might make. There is full disclosure as to the total amount you are authorizing to be pulled from your selected funding source, and you do have the option to decline to make any payments.
*Send your account to collections |