Anybody know what happens if someone chargebacks but you have no funds?

[LeBron]

Say someone sends me $100, I withdraw that amount and 3 weeks later that person decides to fuck me over and chargeback. What happens? The money is gone already.

[Void]

Then the bank account associated with PayPal would be in-dept; which PayPal may even take. So you may have just have -100 in the bank funds. 

[LeBron]

Just now, Void said:

Then the bank account associated with PayPal would be in-dept; which PayPal may even take. So you may have just have -100 in the bank funds. 

So they'll somehow go into my real life bank account and draw the funds from there? And if that has no funds they can't draw, or can they somehow make it -100? Because if my IRL bank account balance is $5 I won't be able to put in more than $5 to PayPal. Are you saying PayPal can somehow override this and draw more than what I have?

[Koont]

You'll just have negative balance, if you have taken your card/bank off, otherwise they'll automatically take from bank.

[Viston]

They don't take from your bank a penny, since they are not authorised without your consent. Your paypal balance will just be -. So to be able to use paypal again, you have to clear out your balance.

[GPSwap]

You will get negative balance and if you dont resolve that balance then paypal will chase up that debt with legal action.

[Zappster]

14 minutes ago, Void said:

Then the bank account associated with PayPal would be in-dept; which PayPal may even take. So you may have just have -100 in the bank funds. 

Not quite, paypal can't take funds from your bank account without permission.

What will happen is:

Your paypal acc will now show a negative balance and you'll need to add funds if you wish to use a paypal account with your name/address/email

OR

Any recent gifts/trades will be put on hold and you'll be held in a dispute against them aswell. If this happens, it's BAD cause to that party it looks like you are disputing them for dollerinos and tryna scam. Usualy this only happens if you're not verified tho.

[Solution]

1 minute ago, Zappster said:

Not quite, paypal can't take funds from your bank account without permission.

What will happen is:

Your paypal acc will now show a negative balance and you'll need to add funds if you wish to use a paypal account with your name/address/email

OR

Any recent gifts/trades will be put on hold and you'll be held in a dispute against them aswell. If this happens, it's BAD cause to that party it looks like you are disputing them for dollerinos and tryna scam. Usualy this only happens if you're not verified tho.

Can confirm the latter only happens without linked CC/bank account. Because it indeed does look like you're trying to fuck someone else over.

[Mio]

This happens to your paypal balance.

[LeBron]

4 minutes ago, Mio said:

This happens to your paypal balance.

B+ for effort.

 

Thanks for the answers lads!

[Viston]

7 minutes ago, Mio said:

This happens to your paypal balance.

Wasn't it easier to just write -100 in here?

[Darren]

15 minutes ago, Visty said:

Wasn't it easier to just write -100 in here?

Being intricate 

[Juggles]

PayPal will send hired men to collect the funds with any means necessary. 

[Viston]

5 minutes ago, Juggles said:

PayPal will send hired men to collect the funds with any means necessary. 

Torture included?

[Whopper]

On 6/25/2017 at 1:26 PM, LeBron said:

So they'll somehow go into my real life bank account and draw the funds from there? And if that has no funds they can't draw, or can they somehow make it -100? Because if my IRL bank account balance is $5 I won't be able to put in more than $5 to PayPal. Are you saying PayPal can somehow override this and draw more than what I have?

Be cautious with this scenario. As a banker, negative accounts can definitely impact your standings with other financial institutions as well and hurt your credit score (if your current financial institution decides to take action and file a collection). It's best, if you're thinking of "protecting yourself" to remove your bank account entirely from PayPal and also never verifying your SSN.