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-   -   PayPal added 2 zeros to a transfar (https://www.aspkin.com/forums/paypal-talk/76757-paypal-added-2-zeros-transfar.html)

Yiftach 08-25-2014 05:29 PM

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.

TGMT² 08-25-2014 05:39 PM

Re: PayPal added 2 zeros to a transfar
 
Quote:

Originally Posted by Yiftach (Post 581790)
What should I do?

Seriously? You need our help with this?

Contact PayPal and inform them of the error.

GreenBean 08-25-2014 05:45 PM

Re: PayPal added 2 zeros to a transfar
 
Quote:

Originally Posted by Yiftach (Post 581790)
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.

Yiftach 08-25-2014 05:54 PM

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$.

JamesNorth101 08-25-2014 05:58 PM

Re: PayPal added 2 zeros to a transfar
 
You really think they will not notice?

Just contact PayPal and have them resolve the issue.

jeffweico 08-25-2014 06:04 PM

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.

Yiftach 08-25-2014 06:07 PM

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!

GreenBean 08-25-2014 06:20 PM

Re: PayPal added 2 zeros to a transfar
 
Quote:

Originally Posted by Yiftach (Post 581806)
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

:peace:

GoteBay 08-25-2014 06:28 PM

Re: PayPal added 2 zeros to a transfar
 
If you really called, your account has gained the greatest trust with Paypal.

viatos 08-25-2014 06:37 PM

Re: PayPal added 2 zeros to a transfar
 
Quote:

Originally Posted by GoteBay (Post 581811)
If you really called, your account has gained the greatest trust with Paypal.

Maybe paypal just tested you. Lol

animekings99 08-25-2014 06:39 PM

Re: PayPal added 2 zeros to a transfar
 
thats a lot of green

Dmshark25 08-25-2014 09:02 PM

Re: PayPal added 2 zeros to a transfar
 
Quote:

Originally Posted by GoteBay (Post 581811)
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

jeffweico 08-26-2014 12:00 AM

Re: PayPal added 2 zeros to a transfar
 
Quote:

Originally Posted by Dmshark25 (Post 581878)
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.

Dmshark25 08-26-2014 12:02 AM

Re: PayPal added 2 zeros to a transfar
 
Quote:

Originally Posted by jeffweico (Post 581934)
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

Yiftach 08-27-2014 02:45 AM

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.

Alexs 08-27-2014 03:00 AM

Re: PayPal added 2 zeros to a transfar
 
Quote:

Originally Posted by Yiftach (Post 581790)
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 ?

just_smile 08-27-2014 03:05 AM

Re: PayPal added 2 zeros to a transfar
 
You did the honest, and only morally acceptable thing to do. Well done

rsot 08-27-2014 03:56 AM

Re: PayPal added 2 zeros to a transfar
 
Quote:

Originally Posted by Yiftach (Post 582366)
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

Yiftach 08-27-2014 04:34 AM

Re: PayPal added 2 zeros to a transfar
 
Quote:

Originally Posted by Alexs (Post 582368)
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.

Alexs 08-27-2014 04:47 AM

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) ?

Yiftach 08-27-2014 05:32 AM

Re: PayPal added 2 zeros to a transfar
 
Quote:

Originally Posted by Alexs (Post 582420)
One more question - does the country of your paypal account (Israel) match the country of bank card issuer (Israel) ?

Yes. [10 characters BS]

Athletichunta 08-28-2014 01:41 AM

Re: PayPal added 2 zeros to a transfar
 
Id of taken alll of it. Karma.

GreenBean 08-28-2014 02:18 AM

Re: PayPal added 2 zeros to a transfar
 
Quote:

Originally Posted by Athletichunta (Post 582813)
Id of taken alll of it. Karma.

Glad you are endorsing theft.

Karma will get you.

Dmshark25 08-28-2014 03:05 AM

Re: PayPal added 2 zeros to a transfar
 
Quote:

Originally Posted by Athletichunta (Post 582813)
Id of taken alll of it. Karma.

Besides the ethical issue, I highly doubt that you would even be able to withdrawal those funds to your bank before the account was limited

And by the off chance , which is highly unlikely, funds were withdrew and taken, your not talking about a few hundred, that type of money doesn't get forgotten

They would find and prosecute you, they simply follow the money and get court orders to be allowed to see the real name that is on the bank account

rsot 08-28-2014 03:58 AM

Re: PayPal added 2 zeros to a transfar
 


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