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A comment on Tell HN: Do not store any funds in PayPal or use them for anything critical. Parent comment

Re:Tell HN: Do not store any funds in PayPal or use them for... by shortcake27 on Thursday February 23, 2023 @02:48PM (#34915480)
> Paypal receivables account has no overdraft protection and not overdraft allowance. If a withdrawl over the value of the account comes in, it is denied.

Note that this may not work everywhere in the world. For example, in Australia, the legacy direct debit system will happily put an account with no overdraft into negative balance.

I’m not sure if the modern replacement (PayTo) has the same behaviour. In any case, legacy direct debits will probably stick around for years.

The best option is to simply avoid PayPal.

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Re:Tell HN: Do not store any funds in PayPal or use them for... by Chilko on Thursday February 23, 2023 @03:29PM (#34916044)
Yep, have experienced similar surprise negative balances with Visa debit cards in New Zealand as well.
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Re:Tell HN: Do not store any funds in PayPal or use them for... by jethro_tell on Thursday February 23, 2023 @04:24PM (#34916676)
Maybe, but if you were going to pay your rent with the money on Thursday, at least it's not gone.
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Re:Tell HN: Do not store any funds in PayPal or use them for... by StanislavPetrov on Thursday February 23, 2023 @10:26PM (#34920393)
>The best option is to simply avoid PayPal.

Unfortunately certain vendors only accept Paypal. For example, I like to watch billiards, and Accu-Stats (one of the largest PPV billiards sites) only accepts Paypal. So, unfortunately, my choice is either to bite the bullet and use Paypal or be prevented from watching the events I'm interested in.

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