What happens if your paypal balance is negative

As mentioned below, after 90 days PayPal will close your account and use a debt collector to recover funds owed.

If you owe Paypal money, for whatever reasons, they will attempt to collect their fees either by accessing your Paypal balance or other incoming deposits to your PP account. The fraudulent correspondence informs people their account has been compromised by suspicious activity, and that action will need to be taken to remedy the matter. We may send you a text asking you to confirm your activity by replying 1 for yes or 2 for no. The code is in the body of the text and not the from PayPal number.

Phishing can come through your phone via voice or SMS. By browsing this website, you consent to the use of cookies. Learn more Accept. Browse categories. Choose where to post your question. Send Request Business Help Community. Log in. Turn on suggestions. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Showing results for.

Search instead for. Did you mean:. Labels: Add or withdraw money PayPal Balance. Login to Reply or Kudo. All forum topics Previous Topic Next Topic. Accepted Solutions. Esteemed Advisor. Hanz1 When you buy something and don't have enough funds in your bank account then paypal will put your account into negative and then TRY AGAIN a few days later, if that again fails then they will try your back up card if you have one linked.

Advice is voluntary. Log in to Ask a Question. When you said: " in the meantime you transfer funds 'as well'" Do you mean transfer funds from bank account to paypal account which is currently negative? As you can see, each of these is on the surface fairly innocuous. Payments will continually be taken, whether you have the funds or not. This is effectively a short-term loan that you can use to pay for various things.

However, after this grace period, interest goes up to The most positive one is when you pay back the balance. Most sources agree that you have 90 days to pay back the debt.

Generally, this is an automated process. They will send you either a letter or call you to notify you of their action.

You will then receive contact from the debt collection agency. This can signal the start of a long and drawn-out process.

They may be able to help you come up with a repayment plan that works for both parties. This one depends. Of course, your natural instinct might be to fear a PayPal debt collection agency turning up at your front door. After the 90 days of negative balance pass, your account will be automatically passed over to a debt collection agency.

It is then their responsibility to try and recover the debt for PayPal. In some circumstances, the agency will purchase the debt , which means you now owe them directly. Initially, the debt collection agency will only contact you by the available details associated with your account. So expect calls, letters, and maybe emails.

If you do not contact PayPal or the debt collection agency directly, these will persist. If you ignore their attempts at recovering the debt, they may then try and visit your house. However, they have no legal right to enter your property and must leave if asked to do so.