offshore Posted June 6, 2008 Report Share Posted June 6, 2008 I have a couple of PP accounts, 1 biz and 1 private. I recently checked my biz account, which had a positive balance of U$87. So I made a payment to our admin for U$60, for a commitment I had made. 4 days later I am told it is reversed, as 1 of my clients had reversed a payment on me! (I will deal with that later) So I immediately transferred monies from my CC to PP to cover the deficit. Some 3 days later, I am still shown as having a negative balance in PP as now this transfer is viewed as an E-Cheque! WTF! It has been debited to my CC! What I don't understand, is that PP has access to my CC account, to cover payments made, but now says they are E cheque payments, yet my CC shows the debit. (BTW my CC account is actually a debit card, and I keep the balance at a level to just pay the payments needed) The other question...as I am still being shown as a negative balance @ PP, does this mean the payment of $60 to admin, will still go thru ( when this payment arrives?) , or will PP "bounce" that, so they can create more chaos? I truly belive this company are tampering with the banking system, when they are not even recognised by banking legislators! Someone @ PP has a keen brain as to what they can and can't "pull", and they are manipulating a system, to which they are not even members, to their own financial advantage. All the BS we have seen, about "frozen" accounts, (and I have been on the end of that stick too) is only about holding funds for profit on the short term money market. Really some smart operator needs to start up a "legal" PP style operation, there must be $$$$$$$$ out there for the picking. I am furious tonite, Friday, at the start of a 3 day weekend, to know my account/s are locked until Tuesday at least.... my ability to trade is nil. Pay Pal, indeed, sucks. Offshore (End of rant) Quote Link to comment Share on other sites More sharing options...
ajoesmith Posted June 6, 2008 Report Share Posted June 6, 2008 Sorry to hear of your ppal problems but you are quite right they suck big time! Hope you get it sorted out soon! Quote Link to comment Share on other sites More sharing options...
Matte Posted June 6, 2008 Report Share Posted June 6, 2008 I think moneybookers is better Quote Link to comment Share on other sites More sharing options...
Dizzy Posted June 6, 2008 Report Share Posted June 6, 2008 i bought a watch recently for $1900 and made payment with paypal. It also sent the payment as an e-check and it took 5 days for the funds to clear even though it pulled the $1900 out of my bank account instantly!!! wtf? Quote Link to comment Share on other sites More sharing options...
FxrAndy Posted June 6, 2008 Report Share Posted June 6, 2008 In UK it takes 9 working days to get payment in or out with bank transfer or echeque, just imagine how much money paypall has when it has removed it from your account and is holding it for 9 days untill they pay it out again????????????? Quote Link to comment Share on other sites More sharing options...
SubFrog Posted June 6, 2008 Report Share Posted June 6, 2008 Sorry dude...I understand. My Paypal account was locked for 6 YEARS...until recently. I still hate them. Quote Link to comment Share on other sites More sharing options...
P4GTR Posted June 6, 2008 Report Share Posted June 6, 2008 PP is PP! B===o.... ON YOU PP!! Quote Link to comment Share on other sites More sharing options...
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