1. Advertising
    y u no do it?

    Advertising (learn more)

    Advertise virtually anything here, with CPM banner ads, CPM email ads and CPC contextual links. You can target relevant areas of the site and show ads based on geographical location of the user if you wish.

    Starts at just $1 per CPM or $0.10 per CPC.

I have -$700 in my PayPal, what can they do if I don't pay it?

Discussion in 'Legal Issues' started by yurlie, Mar 2, 2018.

  1. #1
    Back in December I sold an item that was obviously real and legit, due to it being a virtual item I was not able to back up my proof against a charge back filed against me (no tracking number or anything), the money that was sent to my account isn't in there anymore and is now -$700, I don't see myself ever paying back debt that wasn't my problem, I saw it coming and removed my bank and card before I was CB'ed, will paypal be able to do anything if there's not a linked bank or card? I'm not in the wrong at all and was falsely CB'ed and now charged for something I never had anything to do with, opinions would be awesome, or if anyone has ever been in the same situation in the past how did it go? I don't mind ever using PayPal again it's a horrible site that doesn't protect the seller at all, what are the consequences?

    I'm aware that collectors may come after me, say I pay half back will I still have people on my ass? Should I just ignore the collectors?
    SEMrush
     
    yurlie, Mar 2, 2018 IP
    SEMrush
  2. Zoti Media Group

    Zoti Media Group Notable Member

    Messages:
    1,568
    Likes Received:
    107
    Best Answers:
    2
    Trophy Points:
    215
    Digital Goods:
    2
    #2
    You will pay 3x more on collection firms. Contact paypal and ask them to pay the negative balance in one year like $50-60 monthly.
     
    Zoti Media Group, Mar 2, 2018 IP
    sarahk likes this.
  3. pmf123

    pmf123 Notable Member

    Messages:
    1,413
    Likes Received:
    75
    Best Answers:
    0
    Trophy Points:
    215
    #3
    That's the cost of using Paypal.... I don't accept large payments thru them, just Western Union, etc.
     
    pmf123, Mar 2, 2018 IP
  4. jrbiz

    jrbiz Illustrious Member

    Messages:
    4,068
    Likes Received:
    1,531
    Best Answers:
    1
    Trophy Points:
    420
    #4
    Not sure where you are based, but in the U.S., once PP turns it over to a debt collector and they try and fail to collect, they will be able to hurt your credit score with the bad debt information. This will hurt you if you try to get a mortgage or any other type of loan in the future. Some hiring companies also do a credit check before hiring certain employees, so it could hurt you there, as well. As you now know, Paypal is not a good solution for many sellers because it enables scammers in a big way.
     
    jrbiz, Mar 5, 2018 IP
  5. sarahk

    sarahk iTamer Staff

    Messages:
    24,142
    Likes Received:
    3,256
    Best Answers:
    92
    Trophy Points:
    615
    #5
    The OP is in Japan.

    When you go into business, buying and selling things, you have to be prepared for bad deals and shoplifting and factor that into your business plan.

    Why are you trying to pass your business loss onto another company (PayPal)?
    You accepted their terms and conditions, you could reasonably be expected to know that this was possible and you went ahead and used them to process the transaction. You failed to protect the product that you were selling.

    It's completely unclear why PayPal should shoulder the loss because of your transaction.

    If you never had anything to do with this then a lawyer might help PayPal understand.
    However, a lawyer might cost more than the contested amount...
     
    sarahk, Mar 5, 2018 IP
    jrbiz likes this.
  6. arnold2001

    arnold2001 Active Member

    Messages:
    79
    Likes Received:
    3
    Best Answers:
    0
    Trophy Points:
    93
    #6
    It really depends on where you are. In the US they have your social security number. The right to collect will likely get sold and maybe resold and a collection agency will come after you. Once you approach the statute of limitations, they will likely file a lawsuit and if you move they will serve you by publication and you might not know about it until you try to buy something on credit. Then you will discover you have a judgment against you for not not $700, but for $4,000 or something in the neighborhood. They don't expect to get paid in most cases, but they know they can screw up your life and they do it to make an example out of you or anyone else, so you will fear them. That is just the way it is. If you file bankruptcy then poof all liability is gone, but then you will be unable to buy on credit for 7 years or more. If you live in a third world country where there are no clear cut ways of tracking you, where your name is as common as the stars then you are probably safe.
     
    arnold2001, Mar 21, 2018 IP
  7. sarahk

    sarahk iTamer Staff

    Messages:
    24,142
    Likes Received:
    3,256
    Best Answers:
    92
    Trophy Points:
    615
    #7
    I imagine Japan is quite different from the US while still being a developed country.
     
    sarahk, Mar 21, 2018 IP