Question about Paypal?

[Terror]

This has nothing to do with me, but I've always been interested and was hoping someone on wJ could help me out to answer my question.

Like I said, no I'm not doing this, but I've known people in the past that have.

Anyway my question is:

If I sold an item for $5,000 for example, the user paid for it over Paypal, he got the item and I got the money in my account. If I transferred the money to my bank account, but then he wasn't "satisfied" with the item that he received and he puts a dispute on my account, can Paypal take the money from my bank account?

I've always wanted to know what actually happens.

 

[SuicidalMedia]

You'd just get negative balance in your account, and you'd have to fix it by adding money to your PayPal account.

 

[Terror]

So, if that balance was never fixed up, nothing can actually happen in any other way?

I just find it interesting haha. So they can't withdraw that $5,000 from your bank account to fix the purchase, so if you never paid that balance nothing would ever happen besides it being negative?

 

[ebizzz]

Like I said, no I'm not doing this, but I've known people in the past that have.

Why don't you ask them ??

That kind of question raise a red flag, why are you so interested in knowing this ??

 

[SuicidalMedia]

Guy gets the money if he wins the dispute, I have no idea do they directly take the money from your bank account or do they pay and then sue you or whatsoever. But either way, they will win anyway.

 

[Sp32]

I'm not 100$ sure on this but I think if they want, they can take the money out of your bank account.