- Joined
- Jun 24, 2017
- Messages
- 16,055
That makes sense then,
5k, i would be spitting feathers!!!
Yeah, as you can imagine, I was not a happy bunny. My plan was to stick two fingers up to PP and leave it at that but unfortunately both my personal and business accounts were restricted so that the only thing I could do with either account was receive money. Ultimately, I paid it off because in the long run it would have cost me more in lost business and revenue from not having a working PP account. At the start I expected the same, that they would just take it from the various accounts I had linked but, nope, they couldn't because they are not authorized to take money in that way. They had to wait for me to add the money myself. I did get regular letters and phone calls requesting that I resolve my negative balance but that was all.
eBay on the other hand is a totally different animal. eBay is a market place where as PP are a payment provider/service so their terms are quite different. When you sign up to sell on eBay you have to acknowledge and agree to certain terms and included in those is the authorization for eBay to resolve disputes and to issue refunds which they are then authorized to recover from you. You do have the option within eBay of setting which particular payment method you would prefer they use to recover the funds should a refund be awarded against you. The default setting is via PP. Available funds will be used first and if the available funds are insufficient then they will be debited from the linked bank account. That is why they use an echeque, to make allowance for the time it takes a direct debit to go thru and also to allow for the possibility that the debit could fail if there are insufficient funds in the bank account. An echeque can bounce just like a real world paper cheque, if there are insufficient funds available to back it up.
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