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PayPal negative balance on my account what to do?

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clemens

Corporate Services
Mentor Group Gold
Because of my negative balance in my PayPal account I have erased all my information, will paypal contact me or will they just write off the negative balance?


What should I do now?
 

clowdi

Corporate Services
Business Angel
You are such a stupid idiot to delete your information will have a negative impact on your site if the case is escaladet to PayPal...


They will come after you and be sure they will fine you since it is a violation of the terms.


Did you ever read the terms of paypal?

5.4 Negative Balances and Multiple Currencies. If one of the currency Balances in your Account is negative for any reason, PayPal may setoff the negative Balance by using funds you maintain in a different currency Balance, or by deducting amounts you owe PayPal from money you receive into your Account, or money you attempt to withdraw or send from your Account. If you have a negative balance for a period of 21 Days or longer, PayPal will convert your negative Balance to U.S. dollars.
5.6 Setoff of Past Due Amounts. If you have a past due amount to PayPal or a PayPal affiliate, subsidiary, or parent company (eBay), PayPal may debit your Account to pay any amounts that are more than 180 days past due.


5.7 Security Interest. To secure your performance of this Agreement, you grant to PayPal a lien on and security interest in your Account.


9. Restricted Activities.


9.1 Restricted Activities. In connection with your use of our website, your Account, or the Services, or in the course of your interactions with PayPal, a User or a third party, you will not:


o. Allow your Account to have a negative Balance;


Then, just thought this was interesting:


10.6 Acceptable Use Policy Violation - User Fines. If you violate the Acceptable Use Policy then we may hold your funds up to 180 Days, fine you up to $2,500.00 USD for each such violation and take legal action against you to recover additional losses we incur. You acknowledge and agree that a fine up to $2,500.00 USD is presently a reasonable minimum estimate of PayPal's damages, considering all currently existing circumstances, including the relationship of the sum to the range of harm to PayPal that reasonably could be anticipated and the anticipation that proof of actual damages may be impractical or extremely difficult.
Best you can do for now is to get some money into your account to cover the negative balance, this will avoid any further problems for now.
 

andrew25

Offshore Agent
Don't do such sort of things. PayPal is not something that we could easily underestimate. It is a big corporate and a company of e-bay. And also if any legal hurdles come up you can only apply at the court where PayPal is situated and not anywhere in the world.
 

10is4Love

Offshore Agent
eeek, that was not a great idea. I remember I used to know someone that had this problem. Later, your account an be deleted and other messes can uprise.
 
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