Accidentally made transaction with non-existant bank account.

[connormt]

This problem is sort of perplexing, yesterday I ordered about $30 worth of audio equipment from RedCo.com using paypal as my method, and everything worked fine on the redco website. I remembered that I didn't have enough money on my prepaid credit card to make the transaction, and that if the transaction went through I would be charged an insanely high fee by my bank, so I quickly checked my paypal account to see what happened to the transaction.

I found something startling. Turns out that my primary payment method on my paypal account happens to be my savings account at my bank when I thought it was my prepaid credit card. The card number for that bank account doesn't exist anymore though, I closed it last year when I had to get my card replaced. I didn't get charged anything on my secondary payment method, and I didn't get charged anything on my primary bank account, it totally got charged to a non-existant bank account, and the transaction cleared. According to my paypal account, the transaction is complete, yet when I try to remove that bank account from my Paypal account, it says it can't be removed because there is a pending transaction (I thought it was called instant transfer, so I'm not sure why the payment didn't get rejected immediately.)

Can anyone help me out with this? I'm not sure what's going to happen, I think my stuff has already been shipped from the company I bought things from, so I'm not worried about that, but I'm not sure what's going to happen to the payment. Will the paypal transaction just get rejected after a certain period of time?

[kernowlass]

When you pay a seller it is never instant > paypal CREDIT the seller for you and then they take the wait for your funds to transfer to paypal to reimburse them.

But paypal only take the risk of doing this if you have a back up funding source on your paypal account ie a credit card etc.

Its called instant transfer because they CREDIT the seller instantly for you, this is so you get your item more quickly.

If the payment fails they normally try again a few days later, and if that fails they use your back up funding source.  

[evanzena]

hello i made some mistake on my pay pal account. the bank account i created doesnt exist, i have entered the front numbers of my card instead of the actual account number. i have transfered the money from paypal to that account and it says that it was completed since oct 24. i am worried that the money will got to waste. 😔 please help!

[lancelotme]

if it fails ,then it will come back to you 

[UnionGlazier1]

Hello, Whatever happened with this transaction? The exact same thing happened to me tonight. Yikes it's got me worried. Please any information on what the outcome would be greatly appreciated. Thank you and God bless you.