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-   -   PP question (https://www.aspkin.com/forums/uk-ebay-paypal/139585-pp-question.html)

winge00 10-17-2020 03:36 PM

PP question
 
What happens if you withdraw all money from pp to buy more stock , while there is no money in pp, and there are some cases open for item not received or item not as described. If there is no new sale for sometimes and no money being added in pp from other pp.

What pp will do? Can they take money out of the bank attached to it or how will it work? Will you be notified from bank that pp trying to withdraw money

agent006140 10-17-2020 04:57 PM

Re: PP question
 
In US,it will ask you to transfer enough fund from your bank account to bring it to neutral,if you do not,it will send the deficit to collection agency,your account will remain with a negative balance.
It could get its money ,I am not privy to disclose here.

rsot 10-18-2020 05:04 AM

Re: PP question
 
Quote:

Originally Posted by winge00 (Post 1120431)

What pp will do? Can they take money out of the bank attached to it or how will it work? Will you be notified from bank that pp trying to withdraw money

If there is money in your bank account or the bank allows overdraft withdrawal, PP will try to auto-debit as an initial step

winge00 10-18-2020 09:30 AM

Re: PP question
 
Quote:

Originally Posted by rsot (Post 1120514)
If there is money in your bank account or the bank allows overdraft withdrawal, PP will try to auto-debit as an initial step

Thank you for your response,
Is this procedure in Canada or UK OR same worldwide. My pp is in UK.

agent006140 10-18-2020 09:33 AM

Re: PP question
 
Quote:

Originally Posted by rsot (Post 1120514)
If there is money in your bank account or the bank allows overdraft withdrawal, PP will try to auto-debit as an initial step

are you sure,Paypal used t o do that and then said they will not.
has it changed?
do you know of an actual incident ?

rsot 10-19-2020 06:53 AM

Re: PP question
 
Quote:

Originally Posted by agent006140 (Post 1120540)
are you sure,Paypal used t o do that and then said they will not.
has it changed?
do you know of an actual incident ?

They said they will not - when? It happened to a business operation of mine in 2018 so yes, a few years back but still feels relevant


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