Quick Answer: Can You Overdraft Your PayPal Account?

Because PayPal is an online money management service and not a bank, it does not overdraft your account.

However, as a PayPal customer, you have the option to link your PayPal account to one of your bank accounts.

You can then use that bank as a backup funding source for your regular PayPal account.

Can I pay with PayPal if there is no money in the account?

Re: Paying by Paypal without any funds in the Paypal Account

If you have no PayPal balance, or not enough to cover the whole transaction, the remainder will be taken from your bank account. If you don’t have a bank account confirmed with PayPal, your debit or credit card will be charged instead.

Can you go negative on PayPal?

Re: Can i go into a negative balance? No. If you don’t have sufficient funds to pay for something, then Paypal can’t receive the money from your bank because they “request” your bank to release it. It’s not Paypal who pays, they just pass it over to your seller’s Paypal account.

How much can I overdraft my PayPal prepaid card?

Many prepaid cards have no overdraft programs or related fees, but PayPal Prepaid does — to a point. If you’ve previously had a direct deposit to your card, and you overdraw it by $10 or less, PayPal Prepaid may approve your transaction without fees.

Can you use PayPal with a zero balance?

Re: Making a Purchase with a Zero Balance in Paypal

If you do not have any funds in your PayPal account, you can still make a payment to any merchant that accepts PayPal. We will then just use the bank account or credit card you have on file to fund the payment.

Can you owe PayPal money?

If you owe Paypal money, for whatever reasons, they will attempt to collect their fees either by accessing your Paypal balance or other incoming deposits to your PP account. This can also mean accessing your bank account associated with your PP account.

What happens if I owe PayPal money and I never pay?

If you choose to leave your account negative, in 90 days PayPal will turn your account over to IQOR, a debt collection agency to try and get the money you owe back. You will also receive non-stop calling from IQOR trying to get you to pay the debt you owe.

What happens if you owe PayPal?

What happens if you owe PayPal money? If you owe Paypal money, for whatever reasons, they will attempt to collect their fees either by accessing your Paypal balance or other incoming deposits to your PP account. This can also mean accessing your bank account associated with your PP account.

Can PayPal ruin your credit score?

Currently, a customer service rep explained on the phone, PayPal doesn’t report your credit activity to the credit bureaus after the initial inquiry to set you up, which means your activity on this line of credit doesn’t affect your credit score. Delinquencies don’t damage it, but good behavior doesn’t improve it.

How long can your PayPal balance be negative?

120 days