News for hackers. Stuff that matters.

A comment on 13,370 things to consider when using Paypal. Parent comment

Re:13,370 things to consider when using Paypal by seanmalarkey on Tuesday November 30, 2010 @05:39PM (#1955878)
Serious? Withdraw at any time? I usually pull funds out as soon as they come in, but hadnt considered them withdrawing funds w/o permission.

I need to look into that more. Maybe open a 2nd checking account somewhere else and tie that in.

[ Parent | on HN ]
Re:13,370 things to consider when using Paypal by there on Tuesday November 30, 2010 @05:49PM (#1955914)
no, they cannot withdraw from a linked account without your permission from an initiated transfer. any funds you leave in your temporary paypal holding are theirs for the taking, of course.
[ Parent | on HN ]
Re:13,370 things to consider when using Paypal by ck2 on Tuesday November 30, 2010 @05:52PM (#1955921)
If they decide to reverse a payment to your paypal account and you do not have enough funds, it will start to transfer from your bank account tied to the paypal account, without warning or consultation.

There are stories about this all over the web. You essentially agree to it in their TOS.

[ Parent | on HN ]