Paypal took money out of my friends bank account without permission.

13 years ago

Paypal does automatic withdrawal of funds which will go to our bank account. They retain their commission and the balance is sent to our bank account. This is the practice in India. Check your friends bank account or share what is the email you have received from Paypal about this withdrawal of funds.

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wolfwarrior

13 years ago

LOLZ, you sound funny man.
Have you read properly what I meant?
I wasn't talking about withdrawal from paypal to bank acc,I was talking abt paypal stealing money from bank acc.

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joseph7384 13 years ago

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- paul_1 13 years ago
  
  Originally Posted by joseph7384
  
  Paypal is not in the business of stealing your money, your friend obviously agreed to a recurring payment.
  
  I totally agree with this!!! It must be that your friend clicked on something that agreed to some kind of a recurring payment. It's a tricky thing but it happens.
  
  I would suggest contacting Paypal to verify if there's indeed a recurring payment.
  
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gvsridhar171

13 years ago

Originally Posted by wolfwarrior

LOLZ, you sound funny man.
Have you read properly what I meant?
I wasn't talking about withdrawal from paypal to bank acc,I was talking abt paypal stealing money from bank acc.

Thank you for respecting your fellow warrior's response.

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Jase1977

13 years ago

I've had Paypal for over 10 years now and never had this problem. Every time I withdrew money from my bank account to Paypal I did authorize it. So, I don't know what happened to your friend or why it happened.

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Rob Howard

13 years ago

Originally Posted by Jase1977

I've had Paypal for over 10 years now and never had this problem. Every time I withdrew money from my bank account to Paypal I did authorize it. So, I don't know what happened to your friend or why it happened.

Had it happen to me.

Shut down 10k in recurring payments, filed disputes on "my behalf" with payments I made to vendors (servers, hosting, software, etc.) and then took 1200 bucks out of my bank account and said they were going to hold it all for 180 days.

Nearly put me out of business.

Contacted the States Financial Banking Regulations and got all that money released.

So yes, it DOES happen.

Rob

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wolfwarrior

13 years ago

Hi Jase,
Thanks for responding.
BTW you said everytime paypal took money from ur bank account you authorized it,right?
Ok,I wanna know if you had authorized the transaction with your bank or with paypal.
Please let me know.

Thanks
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Jase1977

13 years ago

Originally Posted by wolfwarrior

Hi Jase,
Thanks for responding.
BTW you said everytime paypal took money from ur bank account you authorized it,right?
Ok,I wanna know if you had authorized the transaction with your bank or with paypal.
Please let me know.

I actually authorized mine from Paypal. I just clicked on "withdraw funds" from bank account (on Paypal). Entered the amount to withdraw (from my bank), and it was done usually 3-5 business days later and deposited into my Paypal account. I always get E-mails anytime any transactions are made from my Paypal account as added protection just in case.

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joseph7384

13 years ago

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Jase1977

13 years ago

Originally Posted by joseph7384

Read paypal's guidelines, if you have your bank account linked to your paypal account and do not have enough funds in paypal quess what, it gets withdrawn from your bank account.

Yes, anytime I did buy more subscriptions to my game (WoW), I always made sure I had the funds in Paypal. I never over-drafted on Paypal for them to force a withdrawal from my bank account. Maybe, that's why I never had problems. *shrugs*

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joseph7384

13 years ago

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Jase1977

13 years ago

Originally Posted by joseph7384

Better yet, I don't have my bank account connected to paypal, they have my credit card on file so they can't get into my account and if ther is a scrupulous charge to my credit card that I think needs attention then I'll look into it.

Yeah, I guess that would have been smarter. But I had my Paypal account for about 10 years now, so didn't think about it back then. I wonder if I could change it now, I guess I'll look into that later this weekend. I definitely would rather they have my credit card, instead of my bank account.

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Chris Lockwood

13 years ago

Originally Posted by joseph7384

Better yet, I don't have my bank account connected to paypal, they have my credit card on file so they can't get into my account and if ther is a scrupulous charge to my credit card that I think needs attention then I'll look into it.

That's fine if you're just using PayPal to buy things, but if you're a seller and make any decent amount of money, you'll probably want to withdraw some of it at some point, and without a bank account linked, how would you do that?

The other thing you can do is not keep much money in a bank account that's linked to PayPal. They can't take money out if it's not there.

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wolfwarrior

13 years ago

Hi guys,
Well I removed that part about indians in my post.
But let me clarify what I mean by that.
I was just saying that most of them have low english standards and they need to improve.
I mean literally their value of posts decreases bcoz of their english and they can't achieve much in IM TBH.
So don't take it rascist.
Its the truth. Im sorry if you can't accept it.
And you must have heard the saying "HATERS ARE THE FUEL,THEY MAKE YOU ACHIEVE MUCH MORE".
So I just want you to improve your english TBH.

Thanks
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joseph7384

13 years ago

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wolfwarrior

13 years ago

What about

Polish
Russian
Malaysian
Ukrainian
Thai
Vietnamese
Romanian
Indonesian
Korean

All these folks are not native to our language but they do their best to communicate online, but you singled out Indians as speaking weird and was not taken kindly as you can see in Kumar's response.

Yes joseph, I agree with you 100%.

And I always try to be as polite as I could.
But today I couldn't control my feelings and I just spoke out .
Anyways past is past(anything that happened before this second is past,

)
So lets leave it.
Thank you.

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Istvan Horvath 13 years ago

Originally Posted by wolfwarrior

So I just want you to improve your english TBH.

I also want to improve your terrible spelling. Can I offer some consultation for $100/hr?
:rolleyes:
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Emily B

13 years ago

Originally Posted by wolfwarrior

I mean literally their value of posts decreases bcoz of their english and they can't achieve much in IM TBH.
...
Its the truth. Im sorry if you can't accept it.

You should be more concerned about your own English. And I feel sorry for you if you're unable to accept that people come from different backgrounds on an online forum.

Originally Posted by wolfwarrior

And you must have heard the saying "HATERS ARE THE FUEL,THEY MAKE YOU ACHIEVE MUCH MORE".

Positive reinforcement is so much more effective than negative reinforcement. You should learn some basic psychology, it will give you a better understanding on how to deal with people. Spitting hatred just because you can won't drive people to meet your expectations as much as it will drive them away.

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atvking 13 years ago

I suggest keeping a separate bank account for pay pal. Like shopping online with a debit card and not a credit card, keep on the account only what you can afford to lose.
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Jase1977

13 years ago

I guess I am one of the lucky ones. Although my Paypal was used mostly for gaming for the past 10 years, not for IM. I am just starting in IM.

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wolfwarrior

13 years ago

Hi Rob,
So you were saying that paypal robbed money from ur bank account,right??
Then why did my brother(who is a banker) say that no matter who the person or company is you need to authorise the transaction with the bank otherwise nothing will happen to your money lying in the bank account.
So I'd like some bankers if any over here to shed some light on this topic.

Thanks
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Rob Howard

13 years ago

Originally Posted by wolfwarrior

Hi Rob,
So you were saying that paypal robbed money from ur bank account,right??
Then why did my brother(who is a banker) say that no matter who the person or company is you need to authorise the transaction with the bank otherwise nothing will happen to your money lying in the bank account.
So I'd like some bankers if any over here to shed some light on this topic.

Yes. That's what I'm saying.

They took money from my account without my permission. I did not authorize a transaction.

For example:

Authorized transaction - I paid for something without enough money in the paypal - so they pull money out of the account to cover the rest. Same goes with sending money or doing refunds.

Unauthorized Transaction - For no reason other than to pull money out of an account and hold it.

Rob

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WillR

13 years ago

Originally Posted by Rob Howard

They took money from my account without my permission. I did not authorize a transaction.

But they don't need your permission to take money back from your account because you authorize them to do this when you link up your bank account to your Paypal account. Think about it, if they needed people's permission to do this then they wouldn't get very far would they?

It's right there guys. Read the rules. You agree to this stuff when you sign up.

Recovery of amounts from your Account

20.12. If there are insufficient funds in your Account to cover any money you owe us or our Related Bodies Corporate, these amounts become immediately due and payable. You authorise us to and we reserve our rights to collect any money you owe us or our Related Bodies Corporate as notified to you by:

debiting your Account at a later date;

debiting your selected Funding Source the next time you make a payment;

set off against the balance of any other Account you have with us or against any money we owe you; or

any other legal means.

Their terms of use are not there for the hell of it. You guys needs to read this tuff because most complaints I hear about Paypal are all clearly outlined in their user agreement statement that everyone has to agree to when they sign up.

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Rob Howard

13 years ago

Originally Posted by WillR

Their terms of use are not there for the hell of it. You guys needs to read this tuff because most complaints I hear about Paypal are all clearly outlined in their user agreement statement that everyone has to agree to when they sign up.

Next time I sell a product, my TOS will state that I now own your first born child and have rights to do whatever I want with them.

It'll be right there in the TOS. No one can argue, right?

BTW - I got my money back. You know why?

Because an Attorney with State basically told them to give back the money or an investigation will begin.

My bank, the Attorney with the State and another Attorney I contacted all said what they did was illegal and just because it's in their TOS doesn't make it legal to do so.

Rob

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ShawnSells

13 years ago

Originally Posted by Rob Howard

My bank, the Attorney with the State and another Attorney I contacted all said what they did was illegal and just because it's in their TOS doesn't make it legal to do so.

Rob

100% correct. Any company's TOS will never trump state or federal statutes. You see companies disclaiming responsibility all the time in their posted notices, online and offline. But attorneys representing aggrieved parties go to court and show the company's "policies" cannot override legislated laws. Companies probably hope that these TOS will discourage victims from even trying to challenge them.

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WillR

13 years ago

Your thread says they took it without permission yet that is not entirely true. You give Paypal that permission when you setup your Paypal account and link your bank account to it... and agree to all their terms.

You can't agree to something and then complain when it happens. Well you can, but no one is going to listen.

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Tadresources

13 years ago

I've used PP for many years. I don't always agree with their policies, but I call shenanigans with this post. There is obviously some sort of mixup.

Don't get me wrong, I'm not calling you a liar or anything mate, I just think your friend is confused. I hope he/or she figures it out.

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Troy_Phillips

13 years ago

The sign at the garage says not responsible for fire or theft .. guess what ... they are!

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Sardent

13 years ago

I've had it happen to me.

Only for $200, from an ebay sale of a tangible good. A couple months after the auction the buyer apparently decided that he never received the item and disputed it with Paypal. I figured a couple months had gone by, and I had a receipt for the mailing, so I moved the money to my bank account.

I received zero notification of a problem from either the buyer or Paypal.

I noticed it when I was reconciling my checking account and came up short.

Shortly after that I closed that bank account, and stopped conducting what had been a pretty good ebay business.

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Cataclysm1987

13 years ago

Next time read the fine print XD

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jamesrich1

13 years ago

Unfortunately for you they were justified. They cover their ass with legal documentations on everything they do.

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emrom

13 years ago

If you sign up for something using your paypal account and it is a monthly subscription, then every month paypal will take the money from your account....even if you forget or didn't know it was a monthly fee.

You can go into your paypal account, under subscription and stop all future payments.

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saiidah

13 years ago

Can I know something? Why doesn't your friend file a dispute with PayPal? The matter would be resolved. Or somewhat resolved.

Your friend could also find out where the money went to and settle from there. I'm sure Paypal would not be taking money put of bank accounts for no reason. It is probably for payment.

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EllesBelles

13 years ago

Your brother is right about banks. But PayPal is not a bank, and have done everything possible not to become one.

Find out where the money went, and you'll likely find that you authorised it somehow. If you really didn't, contact Paypal, your bank and whoever the payment went too

I'll refrain from commenting on your English comment. Just two things to keep in mind: people in glass houses should not throw stones, and what may be the past will always exist on the internet.

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ITMNOW

13 years ago

I've heard several bad stories from big time marketers that tell you to be careful with PayPal. They could shut down any one of us anytime they want for any reason. If you have a large balance and they do shut you down, good luck getting that money until after you have gone through a long, painful process, assuming you actually get it back. This is what I've been told by credible marketers and even a guy who used to work for PayPal.

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cashp0wer 13 years ago

I've been using Paypal for years and have never had a problem with them. I do know of people that have told me horror stories about Paypal however. I hate that this happened to your friend and I hope he can get this straightened out with them real soon.
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Paypal took money out of my friends bank account without permission.

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