[Attention Surplus Disorder]

“Side question: What if one doesn’t have $2,500 on one’s account? What if one has only $3.98 on one’s account? Would one then owe PayPal the rest?!”

Presumably, yes. Most commonly, PP will have a link to your checking account such that if you buy something that exceeds your PP balance, they just extract the excess out of your ckg. Or will similarly charge it to your credit card. That’s what’s most alarming about this.

I don’t know and I don’t know how anyone CAN know whether this new policy is true or not. Maybe they lied when they announced the policy, maybe they are lying when they say “just kidding”, but the very idea they can even think of, much less impose such a policy is insane, egregious, and unacceptable.

[Hildy]

They cannot take money out of your bank account.

[alexander_busek]

Presumably, yes. Most commonly, PP will have a link to your checking account such that if you buy something that exceeds your PP balance, they just extract the excess out of your ckg. Or will similarly charge it to your credit card. That’s what’s most alarming about this.

In my view, a consumer consenting to giving PayPal unlimited access to his bank account subject only to PayPal's discretion would be tantamount to my giving my newspaper delivery boy the combination to my safe.

Regards,