| The Breakroom > The Water Cooler |
| Paypal negative balance - can they take it? |
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| raynerd:
Hi Guys I sold a batch of fountain pens to a bloke in Spain for £74. After he had paid I removed the funds from paypal to my bank account. The buyer says he never received the goods and since I have no tracking proof, but I`ve removed the funds from my account, paypal awarded the buyer his money back leaving me with a "negative" balance. I`m just not in a position to give this money back, I`ve lost the pens and although in reality I haven`t lost the money, since I`ve spent it weeks ago it feels like I`ve lost the £74 as well if I gave it back. Now I don`t mean to be rude but this really isn`t a "Paypal sucks" thread or even a "Always post tracked" thread....I know I know I know all that. Paypal sucks and if you are going to use it send parcels tracked! I want to know where I stand in terms of this negative balance. Paypal don`t seem to be able to take the money from my account or they would have, I`ve also seen messages where they have asked me to autherise them to take this payment. I`ve not done this yet and I`m more than happy to close this account and never use it again but can they take it from my account, fine me or take me to court....where do I stand? I`ve read a few things on the internet but they all seem to contradict each other, has anyone got any experience? Chris |
| Darren:
Welcome to Paypal .... I have warned you not to take it ..... Note if you had tracking it would have made no difference. Paypal will most likely send the bailiffs round if you don't sort out the neg balance. Sad but true ... sorry ... You should not have taken paypal for payment .... |
| bogstandard:
You have actually made a legally binding contract with Paypal, otherwise they would never have let you use the account as a means of money transfer. I know it is after the horse has bolted, but whenever I have had money paid into my Paypal account, I don't touch it until everything is clear cut and I know there will be no comebacks. If you don't allow Paypal to take the money out of the account you said was guaranteed, I am sure they will take legal action to recover from you what would now be classed as a debt, and all the legal fees associated with it (those are the killer bits, a couple of hundred squid usually). Paypal will be like any other credit agency, don't pay them, and you can be blacklisted for years. As soon as they start action against you, even if you then make a payment to them, you will already be listed as a bad payer, and it is a pigs own of a job to get off it. If you want to move house and apply for a mortgage, want a bank loan, a credit card, buy anything on tick, you may as well kiss it goodbye. Everything you want to buy will be a cash only transaction. If you already have credit cards and such, or bank loans, if they get wind of it, they might start putting the clamps on as well. Refusing to give any further credit or extensions. I know all this because I went thru it many years ago, when I was made redundant in the early 80's, and I am still going thru it now, with my daughter, and even though I have offered to clear her small debts, she will still be blacklisted. I think it is either 5 or 6 years it stays against your name, so whenever anyone does a financial search about you during those years, you show up as a bad payer. It is up to you to decide whether you want to live with a bad credit rating for many years for such a small sum. There is no way you should blame Paypal, they are only protecting themselves, like any other financial institution would, and cannot be held reponsible for other peoples actions. As they say, buyer beware, in your case, seller beware. If I was you, cough up, and see if you have any redress against the postal service, but I doubt it by what you have already told us. Bogs |
| raynerd:
:( |
| NickG:
Nightmare, how is this happening so often, it's ridiculous. I don't understand how, if you have proof of delivery, they can still take the money back off you! Surely they couldn't do that until the seller had received the item back in it's original condition and the buyer would have to provide proof of that. Although Darren did say they can just send a blank envelope back recorded delivery, but then you'd get them to check that? It looks like a lot of the problems are coming from overseas buyers, is that the case? Also, what are these peoples feedback like, it can't be good if they've done it more than once? Nick |
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