lost 1k ...ebay paypal sale

[Supertastic Fool]

errr, i live in oklahoma, i could drive up there and beat him till he gives me the money then i can send it to you...

of course i would have a fee lol

 

[Eli]

Originally posted by: Xiety
You guys have no clue about Paypal.

If you have a bank account linked with Paypal, Paypal can withdraw the amount charged back from your checking account if your Paypal balance is $0. If your checking account balance is $0 as well, say hello to overdraft fees from your bank.

Those of you that disagree with me, try it with each other's accounts and you'll see who is right.

Sorry d00d. It is against the law for PayPal to access your checking account without your permission.

It has nothing to do with their TOS.

Your PayPal balance will simply be in the negatives. They can then referr you to collections or sue you as necessary.

Hmmmmm....... I was just thinking, what if their TOS had a clause that says you give them the right to access your bank account at any time for any reason just by agreeing to the TOS?

Was that one of the changes they made to their TOS a while back, I wonder?

Dunno. How recently did this happen to your friends? It has been the other way for as long as I've known...

 

[CptObvious]

Took me all of 2 minutes to find this info in the PayPal TOS:

Receipt of Payments; Risk of Reversal of Transactions; Collection of Funds you owe PayPal.
When you receive a payment through the Service, unless you follow the steps necessary to qualify for our Seller Protection Policy, you are not protected against a subsequent reversal of the transaction. In the event that the sender's transaction is reversed for any reason and you do not qualify for the Seller Protection Policy for that transaction, you will owe PayPal for the amount of the reversed transaction plus any fees imposed on PayPal as a result of the reversal. Examples of such a reversal include, but are not limited to, a credit card reversal by the sender of the payment, and a reversal of the transaction because the sender of the payment was using a stolen credit card or unauthorized bank account. PayPal will seek to recover the funds from you by debiting your PayPal balance and, if there are not sufficient funds in your PayPal balance, PayPal reserves the right to collect your debt to PayPal by any other legal means.

PayPal reserves the right to ask a recipient of a payment for further authentication or other information in order for him or her to accept it. Users who receive more than $10,000.00 USD in payments during a single month may be required to provide PayPal with additional information.

 

[Eli]

Originally posted by: CptObvious
Took me all of 2 minutes to find this info in the PayPal TOS:

Receipt of Payments; Risk of Reversal of Transactions; Collection of Funds you owe PayPal.
When you receive a payment through the Service, unless you follow the steps necessary to qualify for our Seller Protection Policy, you are not protected against a subsequent reversal of the transaction. In the event that the sender's transaction is reversed for any reason and you do not qualify for the Seller Protection Policy for that transaction, you will owe PayPal for the amount of the reversed transaction plus any fees imposed on PayPal as a result of the reversal. Examples of such a reversal include, but are not limited to, a credit card reversal by the sender of the payment, and a reversal of the transaction because the sender of the payment was using a stolen credit card or unauthorized bank account. PayPal will seek to recover the funds from you by debiting your PayPal balance and, if there are not sufficient funds in your PayPal balance, PayPal reserves the right to collect your debt to PayPal by any other legal means.

PayPal reserves the right to ask a recipient of a payment for further authentication or other information in order for him or her to accept it. Users who receive more than $10,000.00 USD in payments during a single month may be required to provide PayPal with additional information.

Hmm..

Collections and Court are "legal means", but accessing your bank account without your permission is not, AFAIK, unless perhaps there is more wording somewhere else...

 

[dartworth]

Originally posted by: Eli

Originally posted by: CptObvious
Took me all of 2 minutes to find this info in the PayPal TOS:

Receipt of Payments; Risk of Reversal of Transactions; Collection of Funds you owe PayPal.
When you receive a payment through the Service, unless you follow the steps necessary to qualify for our Seller Protection Policy, you are not protected against a subsequent reversal of the transaction. In the event that the sender's transaction is reversed for any reason and you do not qualify for the Seller Protection Policy for that transaction, you will owe PayPal for the amount of the reversed transaction plus any fees imposed on PayPal as a result of the reversal. Examples of such a reversal include, but are not limited to, a credit card reversal by the sender of the payment, and a reversal of the transaction because the sender of the payment was using a stolen credit card or unauthorized bank account. PayPal will seek to recover the funds from you by debiting your PayPal balance and, if there are not sufficient funds in your PayPal balance, PayPal reserves the right to collect your debt to PayPal by any other legal means.

PayPal reserves the right to ask a recipient of a payment for further authentication or other information in order for him or her to accept it. Users who receive more than $10,000.00 USD in payments during a single month may be required to provide PayPal with additional information.

Hmm..

Collections and Court are "legal means", but accessing your bank account without your permission is not, AFAIK, unless perhaps there is more wording somewhere else...

Correct. PP can sick a collection agency on you. The instant you went to your bank and said you didn't authorize that electronic transfer they'll restore the funds to your account and PayPal would be in big legal trouble.

The only way a creditor can successfully debit your bank account in the US is with a court order.

 

[Freejack2]

Hmm when I sold a camera on Ebay last month it said I qualified for seller protection. Did that mean that I wouldn't lose money had the payment been revoked for fraudulent funds, etc?

 

[Turkish]

Originally posted by: dartworth

Originally posted by: Eli

Originally posted by: CptObvious
Took me all of 2 minutes to find this info in the PayPal TOS:

Receipt of Payments; Risk of Reversal of Transactions; Collection of Funds you owe PayPal.
When you receive a payment through the Service, unless you follow the steps necessary to qualify for our Seller Protection Policy, you are not protected against a subsequent reversal of the transaction. In the event that the sender's transaction is reversed for any reason and you do not qualify for the Seller Protection Policy for that transaction, you will owe PayPal for the amount of the reversed transaction plus any fees imposed on PayPal as a result of the reversal. Examples of such a reversal include, but are not limited to, a credit card reversal by the sender of the payment, and a reversal of the transaction because the sender of the payment was using a stolen credit card or unauthorized bank account. PayPal will seek to recover the funds from you by debiting your PayPal balance and, if there are not sufficient funds in your PayPal balance, PayPal reserves the right to collect your debt to PayPal by any other legal means.

PayPal reserves the right to ask a recipient of a payment for further authentication or other information in order for him or her to accept it. Users who receive more than $10,000.00 USD in payments during a single month may be required to provide PayPal with additional information.

Hmm..

Collections and Court are "legal means", but accessing your bank account without your permission is not, AFAIK, unless perhaps there is more wording somewhere else...

Correct. PP can sick a collection agency on you. The instant you went to your bank and said you didn't authorize that electronic transfer they'll restore the funds to your account and PayPal would be in big legal trouble.

The only way a creditor can successfully debit your bank account in the US is with a court order.

Ok, some stuff I digged up from Paypal News... I, for 100% sure, knew that Paypal could debit your bank account. Appearently they fvcked up somewhere before the following dates and decided to change their policy.

User Agreement Update

Notice Date: January 8, 2004
Effective Date: January 8, 2004
Updated main User Agreement and Payments Policy to remove provision which permitted debiting of bank accounts to recover money owed to PayPal.

In any case, I wouldn't trust Paypal with my bank account. Heck, besides the fact that they change their ToS every 2 minutes, they don't even send you an email about it.

Look at this bullcrap:

Privacy Policy (April 13, 2004)
Closing Accounts and Limiting Account Access (February 7, 2003)
Electronic Fund Transfer Rights and Error Resolution Policy (April 13, 2004)
Seller Protection Policy (April 13, 2004)
Buyer Complaint Policy (February 13, 2004)
PayPal Buyer Protection Policy (February 13, 2004)
Money Back Guarantee Policy (April 14, 2004)
Payments (Sending, Receiving, and Withdrawals) Policy (February 13, 2004)
Premier and Business Account Policy (February 13, 2004)
Fees Policy (August 15, 2003)
PayPal Shops Policy (September 26, 2003)
Debit Card Policy (June 26, 2003)
BillPay Policy (February 7, 2003)
Acceptable Use Policy (October 16, 2003)
Bonus Policy (November 6, 2003)

You get the point? With terms hidden in their ToS, you accept the liability of agreeing to any changes they make on their ToS. So although they may change their policy about debiting bank accounts, they can change it back so that *you* give them permission to debit your account. And sadly, you won't even notice it until they do debit your account.

Anyways, Paypal = crap IMHO.

 

[Fritzo]

Originally posted by: DaWhim

Originally posted by: Fritzo
I always wait until the funds are transfered to my checking account before shipping. I feel safer that way 🙂

paypal can still draw from your checking account

They can take funds that I transfered from them to my checking account back out without authorization? Since when?

 

[Fritzo]

Originally posted by: dartworth

Originally posted by: DaWhim

Originally posted by: Fritzo
I always wait until the funds are transfered to my checking account before shipping. I feel safer that way 🙂

paypal can still draw from your checking account

Dude, if you don't know what you are talking about, don't respond.

OK...whew....I was wondering there for a second

 

[Fritzo]

Originally posted by: Xiety

Originally posted by: dartworth

Originally posted by: Xiety

Originally posted by: dartworth

Originally posted by: Xiety
You guys have no clue about Paypal.

If you have a bank account linked with Paypal, Paypal can withdraw the amount charged back from your checking account if your Paypal balance is $0. If your checking account balance is $0 as well, say hello to overdraft fees from your bank.

Those of you that disagree with me, try it with each other's accounts and you'll see who is right.

Please show us this in the user agreement. I went through a chargeback. This did not happen to me.

Please oh wise one...prove me wrong.

I am not going to go through pages of user agreement just to show this off for you, read the damn thing yourself. I have had this happen to 2 of my friends.

And if you are so eager to learn, try it with one of your friends

Just as I thought...

Just went through the user agreement really quick...don't see anything stating that they will use your checking account to back up our paypal account. Can anyone else find this?

 

[Turkish]

Originally posted by: Fritzo

Originally posted by: Xiety

Originally posted by: dartworth

Originally posted by: Xiety

Originally posted by: dartworth

Originally posted by: Xiety
You guys have no clue about Paypal.

If you have a bank account linked with Paypal, Paypal can withdraw the amount charged back from your checking account if your Paypal balance is $0. If your checking account balance is $0 as well, say hello to overdraft fees from your bank.

Those of you that disagree with me, try it with each other's accounts and you'll see who is right.

Please show us this in the user agreement. I went through a chargeback. This did not happen to me.

Please oh wise one...prove me wrong.

I am not going to go through pages of user agreement just to show this off for you, read the damn thing yourself. I have had this happen to 2 of my friends.

And if you are so eager to learn, try it with one of your friends

Just as I thought...

Just went through the user agreement really quick...don't see anything stating that they will use your checking account to back up our paypal account. Can anyone else find this?

Read my post 3 above.

 

[Eli]

Originally posted by: Xiety
Anyways, Paypal = crap IMHO.

Overall, I agree.

I stopped accepting PP for large transactions a long time ago. If you're going to win my 800$ auction, you can take the time to send me a MO. I still use them for small transactions though. It's the convienence factor.

 

[digitalsm]

Originally posted by: DaWhim

Originally posted by: Fritzo
I always wait until the funds are transfered to my checking account before shipping. I feel safer that way 🙂

paypal can still draw from your checking account

No they can't. What they will do though, is give you a negative account balance, that they will send to a collection agency.

 

[digitalsm]

Originally posted by: Jzero

Originally posted by: dartworth

Originally posted by: DaWhim

Originally posted by: Fritzo
I always wait until the funds are transfered to my checking account before shipping. I feel safer that way 🙂

paypal can still draw from your checking account

Dude, if you don't know what you are talking about, don't respond.

Are you saying that if you have $0 balance in your paypal account and someone charges back on you that they won't hit up your linked checking account?

Because I'm pretty sure they do....

They will give you a negative account balance.

 

[DaWhim]

Originally posted by: Fritzo

Originally posted by: DaWhim

Originally posted by: Fritzo
I always wait until the funds are transfered to my checking account before shipping. I feel safer that way 🙂

paypal can still draw from your checking account

They can take funds that I transfered from them to my checking account back out without authorization? Since when?

pic
from this thread...ouch

 

[Eli]

Originally posted by: DaWhim

Originally posted by: Fritzo

Originally posted by: DaWhim

Originally posted by: Fritzo
I always wait until the funds are transfered to my checking account before shipping. I feel safer that way 🙂

paypal can still draw from your checking account

They can take funds that I transfered from them to my checking account back out without authorization? Since when?

pic
from this thread...ouch

Huh?

That is not PayPal reversing charges and taking money back out of his account.

Those are echecks bouncing. I guess?

Regardless, glad I'm not with US Bank. Their online banking looks sh!tty. 😛

 

[digitalsm]

Originally posted by: DaWhim

Originally posted by: Fritzo

Originally posted by: DaWhim

Originally posted by: Fritzo
I always wait until the funds are transfered to my checking account before shipping. I feel safer that way 🙂

paypal can still draw from your checking account

They can take funds that I transfered from them to my checking account back out without authorization? Since when?

pic
from this thread...ouch

We would have to know the full story about that.

 

[DaWhim]

As long as you use paypal to receive payment, you run a risk of charge back from paypal to your checking account PERIOD.

the folks on FW - Finance have discussed it long time ago.
bidpay is a better choice.

anyways, this is not gonna help the OP with his problem.

 

[AlienCraft]

This is why I use the US Mail for shipping and require signature for delivery. Mail Fraud is investigated by people who take it very seriously.
Also all money is drained from my Paypal account upon deposit. Can't take away what isn't there.

 

[Dragnov]

Originally posted by: Xiety

Originally posted by: Fritzo

Originally posted by: Xiety

Originally posted by: dartworth

Originally posted by: Xiety

Originally posted by: dartworth

Originally posted by: Xiety
You guys have no clue about Paypal.

If you have a bank account linked with Paypal, Paypal can withdraw the amount charged back from your checking account if your Paypal balance is $0. If your checking account balance is $0 as well, say hello to overdraft fees from your bank.

Those of you that disagree with me, try it with each other's accounts and you'll see who is right.

Please show us this in the user agreement. I went through a chargeback. This did not happen to me.

Please oh wise one...prove me wrong.

I am not going to go through pages of user agreement just to show this off for you, read the damn thing yourself. I have had this happen to 2 of my friends.

And if you are so eager to learn, try it with one of your friends

Just as I thought...

Just went through the user agreement really quick...don't see anything stating that they will use your checking account to back up our paypal account. Can anyone else find this?

Read my post 3 above.

pwned!!!

 

[Turkish]

Originally posted by: Dragnov

Originally posted by: Xiety

Originally posted by: Fritzo

Originally posted by: Xiety

Originally posted by: dartworth

Originally posted by: Xiety

Originally posted by: dartworth

Originally posted by: Xiety
You guys have no clue about Paypal.

If you have a bank account linked with Paypal, Paypal can withdraw the amount charged back from your checking account if your Paypal balance is $0. If your checking account balance is $0 as well, say hello to overdraft fees from your bank.

Those of you that disagree with me, try it with each other's accounts and you'll see who is right.

Please show us this in the user agreement. I went through a chargeback. This did not happen to me.

Please oh wise one...prove me wrong.

I am not going to go through pages of user agreement just to show this off for you, read the damn thing yourself. I have had this happen to 2 of my friends.

And if you are so eager to learn, try it with one of your friends

Just as I thought...

Just went through the user agreement really quick...don't see anything stating that they will use your checking account to back up our paypal account. Can anyone else find this?

Read my post 3 above.

pwned!!!

lol I didn't try to own anyone 😕 I am just trying to inform people that Paypal is not the company to trust with your heart. use it, risk it. your choice 🙂 :beer:

 

[Eli]

Originally posted by: DaWhim
As long as you use paypal to receive payment, you run a risk of charge back from paypal to your checking account PERIOD.

the folks on FW - Finance have discussed it long time ago.
bidpay is a better choice.

anyways, this is not gonna help the OP with his problem.

Well, according to their latest TOS, they specifically do not access your bank account to repay debt. I didn't think they ever did or could, but maybe they tried this for a while.

Look at the pic. There is nothing strange about it.

He overdrew because his bank charged him Returned Check fees.

The "Electronic Withdrawl Paypal" does not mean they withdrew without permission, it simply means that he used PayPal to pay for something, didn't have enough in his PayPal account, so it took the money out of his bank account to make up the difference. That is how it works when you have a "back up funding source".

 

[dartworth]

Originally posted by: DaWhim
As long as you use paypal to receive payment, you run a risk of charge back from paypal to your checking account PERIOD.

the folks on FW - Finance have discussed it long time ago.
bidpay is a better choice.

anyways, this is not gonna help the OP with his problem.

Read the TOS and stop with the misinformation. You are always talking out of your ass.

People like you spread this bogus information and confuse people. STFU!

 

[dartworth]

Originally posted by: Xiety

Originally posted by: Dragnov

Originally posted by: Xiety

Originally posted by: Fritzo

Originally posted by: Xiety

Originally posted by: dartworth

Originally posted by: Xiety

Originally posted by: dartworth

Originally posted by: Xiety
You guys have no clue about Paypal.

If you have a bank account linked with Paypal, Paypal can withdraw the amount charged back from your checking account if your Paypal balance is $0. If your checking account balance is $0 as well, say hello to overdraft fees from your bank.

Those of you that disagree with me, try it with each other's accounts and you'll see who is right.

I've had over a 1000 transactions with PP. Only one little problem which I cleared up very quickly. Use your head, and follow the guidelines. PP makes ebay very easy. Not the cheapest route, but when you are running over 200 auctions a month, it's very convenient.



Please show us this in the user agreement. I went through a chargeback. This did not happen to me.

Please oh wise one...prove me wrong.

I am not going to go through pages of user agreement just to show this off for you, read the damn thing yourself. I have had this happen to 2 of my friends.

And if you are so eager to learn, try it with one of your friends

Just as I thought...

Just went through the user agreement really quick...don't see anything stating that they will use your checking account to back up our paypal account. Can anyone else find this?

Read my post 3 above.

pwned!!!

lol I didn't try to own anyone 😕 I am just trying to inform people that Paypal is not the company to trust with your heart. use it, risk it. your choice 🙂 :beer:

I've had over 1000 transactions with PP. I had one little problem that was cleared up quickly. Follow the guidelines and use your head.

I run over 100 auctions a month. PP might not be the cheapest method, but it is the most convenient.

 

[MrYogi]

search for the name/address of the person on anywho.com or whitepages.com and try to get a phone number