gavidoc Posted February 12, 2008 Report Posted February 12, 2008 thanks for the support guys...really appreciate it. Do paypal have the authority to take money out of your bank account? I always thought that was not within their rights. Does anyone know exactly? I have yet to hear back from the other buyer, who really should have recieved it by not. Will keep you guys updated with this situation. Don't know about OZ but it is against the law in the US for anyone to be able to put a freeze on a personal bank account without a writ of judgement in their favor via a lawsuit. Even the IRS has to have a court ruling in their favor before your bank will freeze your account without your approval. Here, all that -300 would mean is that the buyer is SOL. Paypal would find in their favor and give them nothing. Happened to me. Bought a watch, it arrived broken. Seller refused to refund me so I filed a claim. Sixty days later, Paypal found in my favor and gave me $50 of the $600 I had paid for it as that was all the seller had in his account at the time. I turned around and filed a chargeback to my credit card company who found in my favor and paypal debited my account for the $50 they had originally given me after finding in my favor.
POTR Posted February 12, 2008 Report Posted February 12, 2008 Actually, if you add a bank account to your Paypal account for "verification", you also have a contract with Paypal that states that they are authorized to debit that account... And they will.
offshore Posted February 12, 2008 Report Posted February 12, 2008 Absolutely, just as ebay debit attached accounts for sellers fees! @gavidoc, a big difference between "freezing" a bank account, and debiting it. This is why my "attached" accounts, both ebay and PP, are kept with low balances, and I can transfer from another account to cover bills when they arrive, or have funds to make payments. My PP account is emptied as soon as funds arrive, and those funds shifted to another account which is "unattached" My PP "attached" account, is a "Debit" CC account, to give me a charge back option if needed on a purchase gone wrong. Bugger PP they won't do anything but grab whatever money is availble. You really need to be on top of all this, or PP will be on top of you! Offshore
POTR Posted February 12, 2008 Report Posted February 12, 2008 Yeah, and don't you love that if you don't specify every time, PP will always try and take the money from the account instead of the card, when you are trying to pay for something, so you have no recourse?
Shundi Posted February 12, 2008 Report Posted February 12, 2008 @POTR That infuriates me beyond belief!
offshore Posted February 12, 2008 Report Posted February 12, 2008 Interesting article in todays paper here in Oz. http://www.news.com.au/couriermail/story/0...3-27197,00.html It would appear that those feeling disenfranchised by ebay are biting back. Be interesting to see the drop in adds next week. Offshore
gavidoc Posted February 12, 2008 Report Posted February 12, 2008 Absolutely, just as ebay debit attached accounts for sellers fees! @gavidoc, a big difference between "freezing" a bank account, and debiting it. This is why my "attached" accounts, both ebay and PP, are kept with low balances, and I can transfer from another account to cover bills when they arrive, or have funds to make payments. My PP account is emptied as soon as funds arrive, and those funds shifted to another account which is "unattached" My PP "attached" account, is a "Debit" CC account, to give me a charge back option if needed on a purchase gone wrong. Bugger PP they won't do anything but grab whatever money is availble. You really need to be on top of all this, or PP will be on top of you! Offshore Point on the freeze vs. debit. Didn't really think about the difference. But..... I also use a secondary account for paypal but have instructions with my bank to "stop transfer" on any outgoing transfers initiated by Paypal. There are ways to keep Paypal from being able to take money from your account and your institutions will work with you on doing it if you inform them of what you want them to do. I actually had to do a stop transfer on them the other day when I purchased a watch. I forgot to change my payment feature from bank account to CC and they intiated a transfer from the account that had a huge sum of 11 dollars in it. Overdraft would have happened except my bank automatically stopped the transfer before it happened.
marrickvilleboy Posted February 15, 2008 Author Report Posted February 15, 2008 Ok...so it was my bad. I sent the two watches to the wrong address =( Both watches were sent back and now they are distributed to the right owners....hand my head in shame... Sorry for the commotions guys.
KB Posted February 15, 2008 Report Posted February 15, 2008 What you mean I don't get to crack a head. Anyone can be tough from behind a keyboard. Ken
david-aussie Posted February 15, 2008 Report Posted February 15, 2008 well...nice to see that al is well !
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now