- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Solved! Go to Solution.
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
No, the process is correct and worked as it should. If the money is supposed to come out of the checking account, what PayPal did is correct and according to their user agreement and account function documentation.
It charges your bank account and if there is insufficient funds on the initial attempt, your bank will ding your account for overdraft and PayPal may make up to 2 attempts in a space of 6 days. If there is still insufficient funds this time, you will get dinged again for overdraft until you add some funds (which you should do the first time you get dinged for the overdraft fees) to your bank account then PayPal will eventually use your back up credit card if you don't.
PayPal already fronted the money to the seller at this point, its just taking out the money you owe PayPal out of your checking account as indicated as the main preferred funding source.
The process does not work the way you think it does. It's doesn't put the charge on your credit card and avoid your bank drafts just because you have no money in your bank account. It works the way outlined above.
You must ensure you have funds in your bank account when paying with bank. PayPal says this in their documentation because your bank may charge overdrafts.
Kudos & Solved are greatly appreciated. 🙂
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
No, the process is correct and worked as it should. If the money is supposed to come out of the checking account, what PayPal did is correct and according to their user agreement and account function documentation.
It charges your bank account and if there is insufficient funds on the initial attempt, your bank will ding your account for overdraft and PayPal may make up to 2 attempts in a space of 6 days. If there is still insufficient funds this time, you will get dinged again for overdraft until you add some funds (which you should do the first time you get dinged for the overdraft fees) to your bank account then PayPal will eventually use your back up credit card if you don't.
PayPal already fronted the money to the seller at this point, its just taking out the money you owe PayPal out of your checking account as indicated as the main preferred funding source.
The process does not work the way you think it does. It's doesn't put the charge on your credit card and avoid your bank drafts just because you have no money in your bank account. It works the way outlined above.
You must ensure you have funds in your bank account when paying with bank. PayPal says this in their documentation because your bank may charge overdrafts.
Kudos & Solved are greatly appreciated. 🙂
Haven't Found your Answer?
It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.
- Transfer funds from a preloaded card to bank in My Money Archives
- Unknown payment in Payments Archives
- How to pay google play with paypal in My Money Archives
- I want to speak to someone regarding my account I need a phone number PLEASE in My Account Archives
- No record of Paypal to Coinbase transfer in My Money Archives