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Can Paypal take money out of my bank account if I have a verified Bank Account?

Discussion in 'PayPal' started by Melvinng, Oct 5, 2007.

  1. #1
    I have an Verified Paypal bank account, with my debit card in it. It is for the country of Canada.

    I am just wondering if, I deposited money into my bank account, and the person that send the money got the money illegally...

    Will paypal be able to withdraw the money out of my bank account without permission? or will they ask permission first? If so what can I do to prevent that?

    Regards,
    Melvinng, Oct 5, 2007 IP
  2. Hellfire81

    Hellfire81 Peon

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    #2

    No, there is absolutely no chance for PP to do this. All what can happen is your account balance becomes negative and you will recieve some nice letters from their lawyers anytime. But they can´t take the money out of your bank account.
    Hellfire81, Oct 5, 2007 IP
  3. Melvinng

    Melvinng Peon

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    #3
    I should send them some nice letters, anyone up for a class-action suit. I lost $500+ because they locked my funds??? I call them up and their service is as good as a bunch of monkeys on the other end of the line...
    Melvinng, Oct 5, 2007 IP
  4. Lastbutnotleast

    Lastbutnotleast Peon

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    #4
    Well ! They can compete with Epassporte on that particular subject ! :)
    Lastbutnotleast, Oct 5, 2007 IP
  5. Hellfire81

    Hellfire81 Peon

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    #5

    Unfortunately you are 1000% right in wath you say. I even lost 6000$ because of these "monkeys"
    Hellfire81, Oct 6, 2007 IP
  6. Mr.A

    Mr.A Banned

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    #6
    Me 497$ :( I called them many times but no use
    Mr.A, Oct 6, 2007 IP
  7. sheen

    sheen Guest

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    #7
    Good luck with that one!
    sheen, Oct 13, 2007 IP
  8. zac439

    zac439 Peon

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    #8
    You haven't really lost that money if you followed their rules. Which means if your paypal account was obtained while you were 18 or older, and your country is supported through Paypal, they can only freeze your funds for...3 months I think it is.

    If you violated their terms of agreement, then of course they would do that. Don't whine about it, because you agreed to their terms when you signed up.
    zac439, Oct 13, 2007 IP
  9. stepan

    stepan Peon

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    #9
    my friend lost 293 dollars because money was sent to my unverified pp acc. Paypal refused to unlock until i verified. WTF! I didnt have a credit card :( and i dont understand . They clearly said i was able to recieve about 400 dollars monthly. ..
    stepan, Oct 13, 2007 IP
  10. asianlunatic

    asianlunatic Peon

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    #10
    Melvin, what do you mean they took the money out of your bank acount.. Paypal's authority cant be enforced with your bank.. they are 2 seperate business entity altogether.

    They can lock your funds, but they will do that to verify your account.. Thats all... if you provide correct info, they will unlock it..
    asianlunatic, Oct 14, 2007 IP
  11. hyipsmonitoring

    hyipsmonitoring Peon

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    #11
    actually,paypal has the right to get money from your bank account..read their TOS and you'll see..this is from experience from Ebay..so I'm just warning you..
    hyipsmonitoring, Oct 14, 2007 IP
  12. Young-P

    Young-P Peon

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    #12
    Yes PayPal take money out without your permission. Its happened to me, for ebay fee's it left my Bank Account in the - and i had to pay back double to the bank :mad:
    Young-P, Oct 14, 2007 IP
  13. jonimontana

    jonimontana Peon

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    #13
    hope you will get your money...
    if such a thing happent to me , i'm getting a lawyer , and start trying get my cash back.
    jonimontana, Oct 15, 2007 IP
  14. Stax_Daniel

    Stax_Daniel Guest

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    #14
    that had nothing to do with PayPal ;)

    Hence...ebay..not paypal (yes...they are two SEPARATE companies...just one owns the other) was authorized to collect payment in a way you had ALREADY allowed them to do...

    PayPal can't pull money from your bank account without your consent...and if they do, you could sue both PayPal and your Bank...(though i'd ask a lawyer about that one ;))
    Stax_Daniel, Oct 15, 2007 IP
  15. Pauline

    Pauline Peon

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    #15
    This sort of thread is why I'm scared to do my personal business with paypal.
    Pauline, Oct 15, 2007 IP
  16. Stax_Daniel

    Stax_Daniel Guest

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    #16
    I love paypal...as long as you FOLLOW THE RULES...there is nothing to fear from paypal...all the people I have ever seen whining about paypal have done something that is against their terms ;)
    Stax_Daniel, Oct 15, 2007 IP
  17. jonimontana

    jonimontana Peon

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    #17
    i think you'r right about this, sue them :)
    jonimontana, Oct 15, 2007 IP
  18. stock_post

    stock_post Notable Member

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    #18
    I did not read all the replies..

    But for sure Paypal can take money from your bank account.
    -- They only do if you pay some one.

    -- (It is chaper for them to take money from your bank then to take from your CC) so, if you give both options they take the money from your bank account..

    They do it all the time on my account.
    -- Yes it is a major problem if some one get hold of your account..
    -- They can drain your bank account in few hours (even if you have millions)
    stock_post, Oct 15, 2007 IP
  19. Melvinng

    Melvinng Peon

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    #19
    I just got my funds that they locked back, and in the process of transferring it out. I called paypal for 3 hours and the answer is "no" they can't take money out of your account but they have a really none user friendly site that will make you take money out of your own account.

    I threaten to sue... And got everything done.

    Hope it makes sense and help?
    Melvinng, Oct 28, 2007 IP
  20. blue4113

    blue4113 Peon

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    #20
    That's good to know. I thought it was in their user agreement that they could. Glad it's not
    blue4113, Feb 6, 2008 IP