Posted By:
DaveI know we've been through the Paypal thread before. But I do have a question I haven't found a link to in the search engine. Say your selling a card and it goes for $1,500. The buyer paypals you the money. You send the card out maybe two days later...you send it insured, signature confirmation as well. Then you get an email two or three weeks later from paypal saying the buyer "had" insufficeint funds and that your money you were sent is now under investigation and liable to be taken away.
First, what is the likelihood of this? Second...if the $1,500 dollars he sent you has since been moved over to your actual checking account, can Paypal have the money instantly taking from your checking account if the funds aren't in your paypal account at the time? Third, if Paypal can instantly withdraw that money from your checking providing the funds aren't in your paypal account, do you have any action you can take with your personal bank to stop the money transfer to paypal?