Paypal question???!?!?!

[Murphyrulez]

I ship my Ebay auctions via Fedex. I use my Paypal credit card to pay for shipping. Whenever I ship, there is a PENDING charge on my card for $10.00, then another charge for the actual amount the shipping was. After 4-5 days, the actual charge goes from PENDING to COMPLETED. The $10.00 charge is still PENDING!!! So $10 is missing from my account, for no reason! So far I have 3 pending $10 charges waiting.

Is this supposed to happen??

 

[PsychoAndy]

Step one: Its not a credit card. Its a debit card. You are not afforded the same consumer protection with a debit card as with a credit card. Also, in regard to unauthorized or erroneous charges, AFAIK you are out of pocket on the transaction until the dispute can be resolved.

Go to paypalsucks.com and call the CS phone number.

Oh, and I have to use this post to tell people to avoid paypal. They have a hole the size of uzbekistan in their system. Currently, the bulk of their reg-e transactions from paypal to bank account and vice versa are unauthorized. Yes, thats right. Even if you agree to the terms of service, believe it or not every draft on your bank account according to fed banking is an unauthorized one.

Now, playing the no harm no foul game may work for a while, but what a lot of people dont realize is that getting paid with bank funds is now subject to chargeback so to speak because they never had a legitimate leagal means to enact the transfer in the first place.

-PAB

 

[LukFilm]

Actually, that's not Paypal's fault, it's the fault of the vendor who put authorization on your card. Those pending charges will disappear after 10 days, so that's when you'll get the money back. Happens all the time, not a big deal. Again, it's NOT Paypal's fault.

 

[Damon]

Hi murphyrulez,

The explanation provided by LukFilm is correct. The merchant could also fax over information to remove the authorizations.

Hi PsychoAndy,

Strict regulations govern electronic transfers. The information you are posting is incorrect. Customers request banking transactions off of the web site, and they are authorized because the person holding the account is requesting it.

 

[Lucky]

Oh, and I have to use this post to tell people to avoid paypal. They have a hole the size of uzbekistan in their system. Currently, the bulk of their reg-e transactions from paypal to bank account and vice versa are unauthorized. Yes, thats right. Even if you agree to the terms of service, believe it or not every draft on your bank account according to fed banking is an unauthorized one.

Now, playing the no harm no foul game may work for a while, but what a lot of people dont realize is that getting paid with bank funds is now subject to chargeback so to speak because they never had a legitimate leagal means to enact the transfer in the first place.

It's one thing to post your feelings in a few threads, but you are being a bit overzealous, and it's annoying. There is no need to crap in every paypal thread unless you are shorting their stock.

"is now subject to chargeback"-has it not been like that for a while? I've always considered any funds coming through paypal to be subject to dispute, so I am careful with who I let use it. Only verified folks, no zero feedback users, etc. It's common sense.

And I believe paypaldamon is correct. You ARE requesting the transfer.

 

[Damon]

Hi Lucky,

Thanks. It is important to note that we are bound by the same Reg. E requirements when it comes to these transactions.

 

[PsychoAndy]

The issue at hand isnt the validity of the transfer authorization between paypal and the user. My concern at hand is the authorization of the fund debits from the bank and paypal. I contacted 3 different banks and they advised me that a transaction must have the requesting party's authorization in writing. Otherwise, the transaction isn't considered authorized. I was shown a form that specifically stipulated that an unauthorized draft is one that is, and I quote:

"I did not authorize, and have not ever authorized IN WRITING (insert party here) to originate an electronic debit from my account at X bank"

So you are telling me that a transfer authorization is valid even though nothing exists in writing?

-PAB

 

[PsychoAndy]

Originally posted by: Lucky

Oh, and I have to use this post to tell people to avoid paypal. They have a hole the size of uzbekistan in their system. Currently, the bulk of their reg-e transactions from paypal to bank account and vice versa are unauthorized. Yes, thats right. Even if you agree to the terms of service, believe it or not every draft on your bank account according to fed banking is an unauthorized one.

Now, playing the no harm no foul game may work for a while, but what a lot of people dont realize is that getting paid with bank funds is now subject to chargeback so to speak because they never had a legitimate leagal means to enact the transfer in the first place.

It's one thing to post your feelings in a few threads, but you are being a bit overzealous, and it's annoying. There is no need to crap in every paypal thread unless you are shorting their stock.

"is now subject to chargeback"-has it not been like that for a while? I've always considered any funds coming through paypal to be subject to dispute, so I am careful with who I let use it. Only verified folks, no zero feedback users, etc. It's common sense.

And I believe paypaldamon is correct. You ARE requesting the transfer.

I'm talking about a bank transfer, not a credit card transaction. Everybody knows that there is fraudulent CC use, but when paid thru bank funds the people i've spoken with do not give it a second thought.

-PAB