What happens if paypal balance is negative

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Labels: Add or withdraw money PayPal Balance. Login to Reply or Kudo. All forum topics Previous Topic Next Topic. Accepted Solutions. Esteemed Advisor. Hanz1 When you buy something and don't have enough funds in your bank account then paypal will put your account into negative and then TRY AGAIN a few days later, if that again fails then they will try your back up card if you have one linked. Advice is voluntary. Log in to Ask a Question. When you said: " in the meantime you transfer funds 'as well'" Do you mean transfer funds from bank account to paypal account which is currently negative?

Login to Me Too. I suggest you contact support and leave it at that, do not encourage them. To resolve a negative balance, you can add funds to your account following the steps below: Go to your Account Summary. Click on the negative balance amount. If your balance is negative we do not attempt to take the funds from your bank account. It is up to yourself to resolve a negative balance, just to note however if you receive a payment through PayPal this is automatically taken off your negative balance.

As mentioned below, after 90 days PayPal will close your account and use a debt collector to recover funds owed. If you owe Paypal money, for whatever reasons, they will attempt to collect their fees either by accessing your Paypal balance or other incoming deposits to your PP account. PayPal is a global entity, and as such, they will use a variety of other companies when it comes to debt collection.

Generally, they will pass over your account to an agency that specialises in debt recovery. Sometimes, they may also sell your debt to a debt collector.

In the UK, there are two main agencies they tend to use. Wescot Credit Services is one, and Akinika pronounced a-kin-i-ka is another. Thankfully, it also means that you have certain legal rights when dealing with them.

You may be wondering whether you need to pay Wescot or Akinika debt recovery for PayPal debts. The answer depends a little on how you choose to deal with the debt. No one likes owing money , and the circumstances surrounding PayPal debt can be varied. There are several things you can do to deal with the situation:.

Debt collection agencies are notoriously persistent when it comes to recovering money, and they can take some fairly substantial steps. Depending on the severity of the situation, you will want to contact either PayPal or the debt collection agency. You can arrange a payment schedule that works out for both of you. Perhaps your best bet is to offer to pay back in instalments that you can manage. This gives you a chance to make a fixed monthly payment until the debt is paid.

In some very rare cases, they may have mistaken your details, particularly if you live at the address of someone who did have a debt. A good place to start is to write to the debt collection agency or PayPal and ask them to prove that you owe money. They legally have to provide you with that information.

Because debt collection agencies are governed by FCA rules and guidelines, you do have certain legal rights when it comes to dealing with them. Knowing where you stand can make the process of dealing with companies like Wescot Credit Services or Akinika a whole lot easier.

There are a few things worth noting when it comes to your rights when dealing with debt collection agencies:.