Paypal Took Back Money After 3 Days
Paypal Took Back Money After 3 Days
By Andrew
I sold an expensive Nokia mobile phone via ebay and the buyer paid me via Paypal. I saw the transaction read pending then completed, I transferred the money in to my bank account and this also completed. As an honest seller I sent the mobile phone by next business day courier on Friday for Monday delivery. When I checked my bank account the following day (Saturday) the balance was £370 short and as this was the ammount for the phone and postage I immediately guessed Paypal was the cause. I checked with the bank and several hours AFTER I had transferred the money to my bank Paypal had taken the £370 out by transfer. When I contacted Paypal they said the payment to me was under investigation.
Fortunately I was able to contact the courier on the Following Monday morning and stop delivery of the phone, it was then returned to me but had I not checked my bank account over the weekend I would have lost the £370 and the phone.
Add to this the fact my Paypal account was on hold for 3 months while the 'investigated' and you can see why I no longer use Paypal.
