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  #1  
Old 10-11-2015
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Default PayPal forced BA refunds

Hey guys,

Question #1
What happens, when PP wants to get their money back, and account has an empty VCC and empty Bank Account attached to it?

1) Are they capable of putting my BA/VCC into negative balance?
2) Will they see BA owner name of this happens?

Question #2
If either VCC / BA has funds, how does it look like from the side of the VCC/BA statement? Is it processed like a bank chargeback, or like a regular CC payment to PayPal, made on a behalf of VCC/BA owner?
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  #2  
Old 10-11-2015
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Default Re: PayPal forced BA refunds

1. They can try the VCC and the Bank account. You allow them to do this when you agree to their ToS when you sign up for the account. If there are funds on the VCC they'll be take. Same applies to the Bank account. So - make sure there re no funds in either.
2. No they do not see the bank account holder's name.
3. Pretty sure as a regular payment to paypal.
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Old 10-11-2015
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Default Re: PayPal forced BA refunds

1) Yes, happened to me couple of times, I went into negative balance despite the fact that my bank not allowing that.

2)No.

3) "Payment to authority Paypal" that's how it looks on my statement.
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Old 10-11-2015
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Default Re: PayPal forced BA refunds

Be careful! If you have overdraft protection on the bank account - and many banks these days automatically sign you up for that because it generates huge fees - then they COULD take money, resulting in a negative balance that you will owe the bank. You could always dispute the charge, but I do not know what the outcome would be.
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Old 10-12-2015
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Default Re: PayPal forced BA refunds

I think they can charge the VBA (if you have founds on it) but not the VCC.
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Old 10-12-2015
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Default Re: PayPal forced BA refunds

1) Are they capable of putting my BA/VCC into negative balance? No they can negative ur account onlu
2) Will they see BA owner name of this happens? no they wont see


Question #2
If either VCC / BA has funds, how does it look like from the side of the VCC/BA statement? Is it processed like a bank chargeback, or like a regular CC payment to PayPal, made on a behalf of VCC/BA owner? Dont know
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  #7  
Old 10-14-2015
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Default Re: PayPal forced BA refunds

Quote:
Originally Posted by jeffweico View Post
Be careful! If you have overdraft protection on the bank account - and many banks these days automatically sign you up for that because it generates huge fees - then they COULD take money, resulting in a negative balance that you will owe the bank. You could always dispute the charge, but I do not know what the outcome would be.
What is overdraft protection?
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Old 10-15-2015
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Default Re: PayPal forced BA refunds

Overdraft means if you don't have enough funds in your account when a withdrawal is made on your account then your bank will cover some of the funds owed for you. Then you have to pay them back!
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Old 10-15-2015
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Default Re: PayPal forced BA refunds

Quote:
Originally Posted by slokor View Post
1. They can try the VCC and the Bank account. You allow them to do this when you agree to their ToS when you sign up for the account. If there are funds on the VCC they'll be take. Same applies to the Bank account. So - make sure there re no funds in either.
2. No they do not see the bank account holder's name.
3. Pretty sure as a regular payment to paypal.
I did NOT know paypal could do this. I have had negative paypal balances before and they never tried taking from my cc or bank.
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