So I just bought something for $600. Paypal had $330, and my bank account itself has $330 as well. Now, with the way everything's worded out, it sounds like when you try to pay for an item and you lack the proper funding, that Paypal will pull THE REST out from your bank. In this case, $330 from Paypal would go to my seller, and the extra $270 would come from my bank.
However, when I went to do this, I believe told me that it would pull the $600 from my bank (money which is not in there!).
Transaction Details
eCheck Sent (Unique Transaction ID #XXXXXXXXXXXXXXXXXXXXX)
Original Transaction
Date Type Status Details Amount
Jul. 15, 2009 Payment To XXXXXX XXXXX Uncleared ... -$600.00 USD
Related Transaction
Date Type Status Details Amount
Jul. 15, 2009 Add Funds from a Bank Account Uncleared Details $600.00 USD
*Note: eCheck estimated completion: 7/21/2009-7/23/2009. We advise merchants not to ship until they receive payment.
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Sent to:
XXXXX XXXXX
Email:
xxxxx@live.com
Total Amount:
-$600.00 USD
Fee amount:
$0.00 USD
Net amount:
-$600.00 USD
Date:
Jul. 15, 2009
Time:
23:23:56 PDT
Subject:
You've got money!
Shipping Address:
Jeremy Buckley
My Address
Tucson, AZ 85745
United States
Confirmed Help
Funding Type:
eCheck
Funding Source:
$600.00 USD - Bank of America Checking (Confirmed) xxxxxxXXXX
From what I've read, it sounds like that's what it's doing; so I've moved my $330 in paypal to my bank, to cover this.
Should I be fine now, and was paypal going to pull $600 from my bank account, instead of splitting this payment? I'm not worried about the other guy getting his cash; I'm just worried about me getting nailed with a stupid fee or charge because of Paypal being fairly misleading.
