PayPal Charge Back Question

[Qcards]

In a situation where PayPal does a charge back (happened to me a few times), does anyone know if they are allowed to go to your linked bank account or credit card if there are insufficient funds in your PayPal account?

I spoke with two different reps. at PayPal and neither one could tell me definitively.

Any help would be appreciated as this problem seems to be getting worse.

Thanks, Mike

[Jim VB]

Read post #14 from this thread.

http://www.net54baseball.com/showthread.php?t=116738


Sounds to me like they can not dip into your bank account (or charge a credit card) but they will exhaust any balance you have, throw your paypal account into a negative balance and then come after you for the difference.

At that point your options with Paypal are very limited.

[D. Bergin]

Kind of scary how they threaten to go after the seller but so easily look the other way when a buyer blatantly and illegally rips somebody off with the papertrail evidence to back it up.

Whatever's the easiest way to recoup their own dollars I guess.

Paypal wants to act like a bank and a credit card company without taking the risks or following the same rules of a bank or credit card company.

Not to glamorize the banks and cc co.'s. They've done their share lately to stick it to every Tom, Dick and Harry. Merchants are being left to hold the bag more and more often lately it seems. It's a necessity to accept these forms of payment. The fees you paid to accept these forms of payment were a part of the cost to know you were participating in a safe transaction. That seems to no longer be the case.

They seem to be making it easier and easier for fraud without any risk to themselves, and I'm not sure why this is being allowed.

[Leon]

Originally Posted by D. Bergin

Kind of scary how they threaten to go after the seller but so easily look the other way when a buyer blatantly and illegally rips somebody off with the papertrail evidence to back it up.

Whatever's the easiest way to recoup their own dollars I guess.

Paypal wants to act like a bank and a credit card company without taking the risks or following the same rules of a bank or credit card company.

Not to glamorize the banks and cc co.'s. They've done their share lately to stick it to every Tom, Dick and Harry. Merchants are being left to hold the bag more and more often lately it seems. It's a necessity to accept these forms of payment. The fees you paid to accept these forms of payment were a part of the cost to know you were participating in a safe transaction. That seems to no longer be the case.

They seem to be making it easier and easier for fraud without any risk to themselves, and I'm not sure why this is being allowed.

Personally, I think cc's are still super safe.....Paypal still sucks.....but is the easy game...

[HRBAKER]

Originally Posted by Leon

Personally, I think cc's are still super safe.....Paypal still sucks.....but is the easy game...

Now I sell very little, but I only use paypal to pay, not to accept payment.

Jeff

[Leon]

Originally Posted by HRBAKER

Now I sell very little, but I only use paypal to pay, not to accept payment.

Jeff

I still use Paypal to receive some payments and send them....but I never have more than a few hundred dollars in that account. I would advise everyone to not keep more than you can risk in there. It's free to transfer funds to your bank account. I do it often.