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Can paypal take money from my bank account?

Discussion in 'PayPal' started by stronger, Jul 3, 2010.

  1. #1
    Hello

    I have sold my banner services to person and he claim chargeback on me after 15 days. I have already withdrawn money to my bank account so my paypal is having negative balance.

    I want to know can paypal take money back from my bank account?

    I have added my bank account to transfer but not added my credit card or debit card
     
    stronger, Jul 3, 2010 IP
  2. Moses8595

    Moses8595 Peon

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    #2
    No, they can not
     
    Moses8595, Jul 3, 2010 IP
  3. stronger

    stronger Guest

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    #3
    Then can you explain what will happen with my negative balance if i wont add balance to it? Will paypal send me legal notice?
     
    stronger, Jul 3, 2010 IP
  4. Moses8595

    Moses8595 Peon

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    #4
    How much? it's not a large amount,Then don't worry
     
    Moses8595, Jul 3, 2010 IP
  5. NextDoorTrader

    NextDoorTrader Peon

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    #5
    No its not possible that paypal can take money back from yoru account because they must need permission to withdraw amount from the bank. Its legally not valid too
     
    NextDoorTrader, Jul 3, 2010 IP
  6. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #6
    It depends on amount though you'll get emails for funding and removing negative balance time to time.

    DON.
     
    deluxdon, Jul 3, 2010 IP
  7. nnsjw702

    nnsjw702 Active Member

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    #7
    They shouldn't be able to take money out of your bank - if they have I would tell your bank its an unauthorised payment and they will investigate and hopefully get the money back.
     
    nnsjw702, Jul 3, 2010 IP
  8. karthimx

    karthimx Prominent Member

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    #8
    They will not take the money from your bank but when you get funds to that account then the negative balance will be equaled.
     
    karthimx, Jul 3, 2010 IP
  9. johnsonp

    johnsonp Peon

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    #9
    No. PayPal will not take money from your account and bank will not allow to send money without your permission
     
    johnsonp, Jul 3, 2010 IP
  10. nforti17

    nforti17 Greenhorn

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    #10
    They cannot legally take money from your bank unless you authorize it
     
    nforti17, Jul 3, 2010 IP
  11. darkrider919

    darkrider919 Peon

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    #11
    you can start any transaction without adding a credit card. so your money is safe.
     
    darkrider919, Jul 3, 2010 IP
  12. mob

    mob Active Member

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    #12
    No,Paypal cannot take money from your bank account.
     
    mob, Jul 4, 2010 IP
  13. clbyodo

    clbyodo Peon

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    #13
    No,they cannot take money legally from your bank account.
     
    clbyodo, Jul 5, 2010 IP
  14. affilorama

    affilorama Active Member

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    #14
    But the thing with having a negative balance is that your paypal account gets flagged. This could possible lead to a permanent ban on paypal so that you will not ever be able to reactivate or sign up for an account again.
     
    affilorama, Jul 5, 2010 IP
  15. musichangout.com

    musichangout.com Well-Known Member

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    #15
    Paypal doesn't take money from your bank account.
     
    musichangout.com, Jul 5, 2010 IP
  16. scifiguy_rc

    scifiguy_rc Active Member

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    #16
    Firstly , better to fill in the paypal account with the required funds to avoid any flagged issues as talked about before.
    Secondly, Paypal can deduct from an attached credit card if you have already instructed your account to deduct in case of insufficient balance in paypal. in your case cc/ dc do not apply.
    Thirdly, you will receive notifications to remove your negative balance from paypal time to time. if unsuccessful, a ban can be issued but nothing can be done legally as paypal is a private company.
     
    scifiguy_rc, Jul 5, 2010 IP
  17. RightMan

    RightMan Notable Member

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    #17
    No... Paypal would not be able to take funds from your bank account... especially so, if you are from India as RBI prevents it any direct access for debits! :)

    I would though advise OP to fulfill the obligation if the amount concerned is not too huge and if he intends to use Paypal for a long long while! It pays in the long run.. to remain in the good books of Paypal! :)

    Regards,

    RightMan
     
    RightMan, Jul 5, 2010 IP
  18. mrockz619

    mrockz619 Peon

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    #18
    Dont Worry , Paypal cant do that. It wont take legal actions until its a very huge amount say above 1k$ , if its less than that just relax , you would get Emails regarding that from time to time but just ignore them :D
     
    mrockz619, Jul 6, 2010 IP
  19. mo0ndoggy

    mo0ndoggy Member

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    #19
    No, they can't take you money from you bank account
     
    mo0ndoggy, Jul 7, 2010 IP
  20. CurvyNation

    CurvyNation Active Member

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    #20
    Then something must have been wrong with mine because they DID take from my account. Now, granted, it's been a few years ago but they DID take it and although it was not much, it really irritated me. I closed my account with them and have never used them since. I don't know if they've changed it recently, but back when I used it...they did it. I hope they have changed it.
     
    CurvyNation, Jul 13, 2010 IP