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does anyone here use PAYPAL? if so please help
BillieTheBot
Posts: 8,721 Bot
has anyone managed to successfully transfer money from their paypal account into their bank account? We sold something on ebay and recieved over £200 for it into our paypal account, but we have tried to transfer it into our bank account, and both times it has been refused and paypal have taken £14 of the money each time we have tried. It said on the email that it was refused at the banks end, but my bank says there is no record of an electronic transfer even being attempted. Is paypal one big con? have we just lost our money. im absolutely fuming, and very upset as we are overdrawn and were kind of relying on the money. Has ANYBODY succesfully transferred paypal money into their bank account -please someone reassure me. My dh thinks its a big scam and they are just going to keep taking £14 a time, until theres no money left
Beep boop. I'm a bot.
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But I bet you are fuming, gawd i hope its not a scam thing.
I dont even know what paypal is
This sounds very serious though I would complain to someone. Is it a direct debit arrangement with the bank or what?
I posted the same query on a different site, and someone has said theyve been able to withdraw funds from paypal into their account, so it seems they just fuck people up at random. If the worst comes to the worst, I will just use the paypal money to buy something else online, but its a nightmare as it was supposed to help pay off the overdraft.
Hope everything works out ok *hugs*
my new digicam
What you have to remember about these services is that they're not banks, building societies, etc, so don't have to follow any codes of conducts, rules, or laws, that banks, etc, have to. Naturally they can't just simply rip people off either, but they do seem to have lots of little ways to catch you out with extra charges.
Mr_Wobble
the EU have started to regulate them now and have enforced the same rules that apply to other financial services and products, an area that is very very highly scrutinised. they have imposed a limit on nochex of i think its £90? so yeah before they were unregulated and could pretty much do what they want but now thats changing so hopefully stories like this will be a thing of the past.
well tahts what it said in an email i got from nochex anyway. the email was worded in a way that moaned about EU sticking their noses in and stuff... but its got to be a good thing. im not giving my money to a company thats essentially not answerable to anybody.
Mr_Wobble
:mad: die
Try this
On another note though i've been able to successfully draw out money into my bank but it was only that £10 so not as worrying as a two spot
edit: again..i really should read the end of things before posting.. :mad:
Is paypal still like that by the way, cause I was considering in opening an account with them.
As others have mentioned, the most annoying thing is waiting for the money to clear.
:wave: Hi, I have used paypal on ebay and I have also sent funds from my paypal account back to my bank account. But it depends on how much you want to transfer. I do know that they charge for larger amounts. I was able to send £58.00 back to my bank from paypal. But as with all sites. they do have rules regarding transfering funds. But I am not sure exactly what they all are. I would get in touch with paypal and ask them why full funds are not transfered and why you are being charged each time £14.00. Don't know if this helps. Bye