(Topic ID: 236431)

Refund deposit or not?

By Jaymach1

5 years ago


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  • 122 posts
  • 78 Pinsiders participating
  • Latest reply 5 years ago by Zavadoza
  • Topic is favorited by 2 Pinsiders

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    #101 5 years ago
    Quoted from cottonm4:

    If you have a verified account with Paypal, you have authorized Paypal to dip into your checking account. Just cleaning out your PP account will stop PP from coming at you. You would have to zero your bank account, too.

    That's why I keep a completely separate and unconnected account only for PayPal and payment wires (different bank, no overdraft protection etc).

    All funds are depleted the instant they arrive. I learned the hard way that I needed to protect myself and not rely on PayPal.

    #121 5 years ago
    Quoted from HighVoltage:

    Does this actually protect you in the long run? Can't paypal just leave your account in negative balance and the next time you sell something they then just recover the funds from that?

    They did, -$600+..... so I opened a new PayPal account with a new email and bank account. Problem solved.

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