PayPal Funds Frozen Solid? Got That Really Fucked Feeling? 😥
Got a real lively topic going on the eBay Motors Forums. So far the topic has 100 replies and Doc is sure more will be piling up before it’s all over.
This one is more entertainment than watching re-runs on TV. But i have a feeling eBay / Liveworld will likely pull it soon. Just in case we have made screen captures of all 5 pages to preserve the evidence so to speak. 🙄
It’s quite simple, eBay want’s you to believe your covered against Fraud when using PayPal. Sometimes that’s not always the case.
Seller in California sells this old 1979 Honda Civic, Item number 170819234455. It brought a whopping $2,125 and the buyer initially made a deposit with PayPal, then later paid the remainder of the balance also with PayPal.
Now the usual eBay Motors Buyers Remorse is beginning with the buyer screaming misrepresentation. According to the topic discussion, the buyer is in Florida and had the car shipped from California. Lets face it.. It’s his car – just plain and simple. If it breaks in half, he owns both halves.
Personally speaking, I don’t think it’s such a bad deal for $2,125. Old cars that are rust free like that one is advertised are hard to find.
But the bottom line here is. *IF* the buyer funded his PayPal purchase with a Credit Card, he might be able to finagle a charge back.
BUT PayPal does not cover eBay Motors Vehicle Purchases, not to be confused with Auto Parts and Accessories. The same with normal eBay Buyer Protection. eBay Motors VPP only covers vehicles up to 10 Years old. And at that is worded by eBay’s legal team and is as full of holes as a piece of Swiss cheese.
So the only way then to achieve a refund is to go to the Credit Card Company that funded the transaction to PayPal. But in most states a CC company will not charge back on Titled Property, Car Truck, Boat, RV, Etc. BUT the buyer could LIE and say it was for something else. Since he made that purchase with TWO PayPal Payments he very well could finagle at least one of them into a charge back.
Then when they are notified that a dispute has been filed, PayPal will FREEZE the amount of that charge back in the sellers account. PayPal says they fight charge backs, and often request documentation, but in the end it has been rumored they just say OK and go after the seller for the $$ plus a Charge Back Fee.
If you have emptied your PP account out, and closed any connected bank accounts, credit cards, etc, they can’t go and take that money back.
My advice in this situation is NOT to take PayPal for a vehicle in the beginning. But if you already did, cover your ass! Transfer whatever is in your pp acct to your bank acct.Theb call the bank and say you lost your check book, and to cancel that account and create another. Also call any credit card company that’s on file with PP and say you lost the card, they will cancel that card and issue another.
A savvy person that uses PayPal will have a separate bank account and linked debit card just to fund PP transactions. If you remove a funding source from PayPal it’s just removed from your usage, But it’s still available to PayPal. Think about that one!
Unfortunately if PayPal is unable to recover any funds that are charged back they will turn it over to collections, and if the amount is high enough will also file suit to recover. If your credit is spotless, you will just wind up stuck like chuck!
But getting back to the discussion topic, It’s easy to see who is being helpful and trying to help the seller prevent loosing his money. It’s also clearly obvious who the ones are that are alleged eBay employees under cover, as often referred to as company shills, stooges, sock puppets, etc. 😆