UPDATED 5/16: BEWARE PAYPAL CHARGEBACKS! If you sell on eBay, read this...

[rats60]

Originally Posted by bnorth

Just open a new new checking/ savings account at any bank. Like eBay IDs you an have as many as you want.

IF you ever had the main account tied to PayPal, they will go after the funds even if it isn't currently attached to your account. It would be better to open a new account that paypal doesn't know about and park most of your money there.

[sportscardtheory]

I would think that PayPal taking funds from your bank/credit account would also give you the right to refute that "charge" through YOUR bank/credit provider, as the fraudster did. As in, do the same thing back to them.

[Exhibitman]

Originally Posted by rats60

IF you ever had the main account tied to PayPal, they will go after the funds even if it isn't currently attached to your account. It would be better to open a new account that paypal doesn't know about and park most of your money there.

I don't think that's legal. If I rescind my permission to access my account they can't just go ahead and access it.

[Jobu]

I recently opened a second account at my bank as a PayPal landing account. This new account is the only one tied to PayPal and I move the money out of it to another account at the same bank (which is an instant transfer).

My question: if PayPal tried to draw out of the empty account, would my bank use my other accounts to cover it like they do when they pull money from your savings account to cover a check larger than their checking balance? In other words, does my PayPal landing account need to be a different account number at my primary bank or an account at a bank where I have no other accounts? (The latter would be annoying bc transfers can take a few days and would make it harder to buy things on bst using my balance.)

[Bugsy]

Originally Posted by Jobu

I recently opened a second account at my bank as a PayPal landing account. This new account is the only one tied to PayPal and I move the money out of it to another account at the same bank (which is an instant transfer).

My question: if PayPal tried to draw out of the empty account, would my bank use my other accounts to cover it like they do when they pull money from your savings account to cover a check larger than their checking balance? In other words, does my PayPal landing account need to be a different account number at my primary bank or an account at a bank where I have no other accounts? (The latter would be annoying bc transfers can take a few days and would make it harder to buy things on bst using my balance.)

If PayPal can’t draw funds from an account to get your balance back to zero, they just submit your information to a collection agency. That’s why disconnecting your bank account from PayPal in a chargeback won’t work.

[Exhibitman]

Well, except that you can fight a collection agency and not pay unless you lose, and if you have proof of a fraudulent charge-back a court might let you go. If PayPal simply loots your account then you have to sue to chase it down rather than vice versa. i'd rather defend with cash in hand than have to go chase cash.

[Popcorn]

After PayPal put $2,000 on hold and then gave it all back to a 0 feedback buyer who claimed to receive a “empty box” I have never kept anything over a $1 in my account. Even if I sell a $10 card it’s getting transferred to my bank ASAP lol

[ramram]

When selling on ebay, is there a way to require a minimum positive feedback score, say 30, or the bid won't be accepted?

Rob M