Subject:
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Another paypal horror story
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Newsgroups:
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lugnet.market.shopping
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Date:
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Fri, 6 Apr 2001 14:36:25 GMT
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Viewed:
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340 times
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Seems if you use a debit card, paypal will tie up twice your purchase amount in
your checking account for several days, causing bounced checks. And it's not a
glitch - it's how it's "supposed" to work, according to paypal.
Here's the cnet story...
http://news.cnet.com/news/0-1278-210-5509285-1.html?tag=bt_pr
Amy
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Message has 3 Replies:
 | | Re: Another paypal horror story
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| My old credit union would double hold for large purchases. After each great LEGO sale we would have to live off of cash for a few days until the hold was cleared. (Ah the joys of college life.) 'Tis not as bad as our new credit union. Anytime their (...) (24 years ago, 6-Apr-01, to lugnet.market.shopping)
| | | Re: Another paypal horror story
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| (...) in (...) processed immediately, so, in order to pay the payee immediately, they put a hold on the credit/debit card associated with the account. This assures they have a way to collect from you should the bank draft fail. Once the bank draft (...) (24 years ago, 6-Apr-01, to lugnet.market.shopping)
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