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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 dotancohen on Friday February 24, 2023 @05:38AM (#34923122)
But if that intermediary bank account has a negative balance, you cannot just ignore it. The bank _will_ come after you for their money. So far what does it protect you?
[ Parent | on HN ]
Re:Tell HN: Do not store any funds in PayPal or use them for... by KatrKat on Friday February 24, 2023 @10:15AM (#34925261)
When PayPal goes to make the withdrawal, the bank doesn't have to let them and give the account a negative balance. Usually you can turn off overdraft and withdrawals will bounce if the funds aren't there.

This doesn't stop PayPal from reversing a previous inbound transfer they decide shouldn't have happened, but it ought to stop PayPal unilaterally deciding they would like some of your money.

[ Parent | on HN ]
Re:Tell HN: Do not store any funds in PayPal or use them for... by dotancohen on Friday February 24, 2023 @02:36PM (#34928945)
So why not turn off overdraft from one's main bank account?
[ Parent | on HN ]