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| Why do I have a negative PayPal balance? |
There may be many different reasons for such an issue, but of course, without a specific motive, PayPal will never make your balance negative.
Recently, I experienced such an issue related to PayPal's negative balance, and after doing tons of research, I came up with a key.
Read the article to resolve the negative PayPal balance issue in your PayPal account.
Table of Contents
What is PayPal's negative balance?
A negative PayPal balance is the condition where you will see debt in your paypal account & the amount is in red with a minus sign.It implies that you are in obligation to pay money to clear the negative balance.
This usually occurs because the funds debited from your paypal account are more than the available paypal balance.
Let's discuss possible reasons for negative paypal balance in your account.
Why do I have a negative PayPal balance?
Can Paypal have a negative balance? and Why is my paypal balance negative?There might be several reasons behind the negative PayPal balance in your account.
Some are reasons for paypal showing a negative balance-
• You have a dispute with the person who had paid you the amount.
• For that, PayPal issued a refund to cover the disputed amount for the buyer and now you have a negative paypal balance after the refund.
• Sometimes there may be technical issues with the bank, or there may be a shortage of money in your bank account.
• The product or item you purchased that cost more than your available paypal balance in your account and to fulfill the amount, PayPal pays the money.
• Another thing is, the payments you received were not eligible for Seller Protection so payment was reversed.
• If there any suspicious or unauthorized payment was made from your PayPal account.
So, these are some practicable reasons that your paypal has a negative balance.
Now let's see how to resolve this negative balance.
How do I pay a negative balance on PayPal?
If you are struggling to fix a negative paypal balance in your accounts and are unable to add money, then don't worry I have multiple solutions for this.Let's go through each-
1. Transfer funds from the bank account-
In this method, you need to add funds from your bank account to PayPal.
To add money-
Log in to your PayPal account.
There you will see the ‘Add funds' option in your PayPal, just click on that and follow the prompt.
But remember you are unable to add funds through a card.
2. Ask friend or family to add money- (My Favorite Way)
This is one of the easiest & simplest methods, ask your friend or family member to send funds to your account.
If they pay through a card, ask them to add extra funds to cover PayPal fees, otherwise, it is fee-free if they pay through the ‘Friend & Family’ option.
3. Request foreign friend for money-
Another way is to request your foreign friend to send money to your PayPal account.
This method truly works well, but of course, you must have a foreign friend to help you.
4. Ask for help from PayPal through messages-
This can often help PayPal users resolve outstanding balances on paypal, to get in touch with PayPal Message Chat, follow the steps-
1. Login to PayPal account.
2. Scroll to the bottom, and click on 'CONTACT US'.
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| How to pay negative paypal balance? |
3. On the Help Centre dashboard, click on the 'Payment'.
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| How to pay negative paypal balance? |
4. And then 'Negative Balance'.
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| How to pay negative paypal balance? |
5. Now scroll a little, you can see the 'Message us' option, and press on that.
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| How to pay negative paypal balance? |
Now move to the next way.
5. Post a cheque to PayPal
This is also an effective way to clear negative funds from PayPal balance, in this, you need to send money to PayPal by cheque at the given address-
1. To post a cheque, log in to your PayPal account.
2. Click on the 'Add funds'.
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| How to pay negative paypal balance? |
3. Below on the left side, there is the option of 'Posting a Cheque' click on that and 'Continue'.
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| How to pay paypal negative balance? |
4. Make a print of this page, by clicking on 'Print This Page'.
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| How to pay paypal negative balance? |
This page is related to the post office address of PayPal organizations
with some instructions when sending the cheque.
5. After printing this page, go to your bank office with that
print and deposit the amount at the given address.
You can choose one of those 5 different ways to add money to a negative
balance PayPal account.
How long can you have a negative balance on PayPal?
If you have a negative balance on your PayPal you won't be able to make any purchases or transactions until it gets clear.Many PayPal users have a question in mind about PayPal's negative balance: how long to pay? The right answer is 120 days.
If you don't resolve the negative paypal balance within 120 days, then you will face some serious consequences that will be discussed later.
What if I don't pay PayPal negative balance?
Some users ignore the negative balance on PayPal and refuse to pay it and it is not a good decision to take. I suggest you, please don't make such mistakes.Why you should pay your outstanding paypal balance-
• Your PayPal account will be blocked.
• You are unable to log in to PayPal.
• If you run two PayPal accounts with the same bank linked, in this scenario your money will be blocked from both.
• You are no longer able to contact the PayPal team for a solution.
• Additionally, if the extended period is passed, then PayPal has the authority to pass this issue to a debt collection agency.
These things could happen if you refuse to pay the paypal negative balance on time.
So don't think much and try to resolve this problem as soon as possible, use the above-described way to clear the negative PayPal balance.
How to close a PayPal account with a negative balance?
Can I close paypal account with negative balance?Unfortunately No, there is no trick to bypass this problem, you can't close your PayPal account until & unless you remove the negative PayPal balance.
FAQs
How do I pay a negative balance on PayPal for the UK (United Kingdom)?-You can follow the above-mentioned process for solving negative PayPal balance issues for the UK.
Is it possible to have a negative balance on PayPal for no reason?
-Your PayPal has a negative balance for many reasons like disputes with sellers or your bank having technical issues etc.
Conclusion
In conclusion, a negative PayPal balance can be a frustrating situation, often occurring for various reasons such as disputes, refunds, technical issues, or unauthorized transactions.If you don't take any steps to resolve this issue within 120 days, then you can face complications like blocked accounts, restricted access, and even the involvement of debt collection agencies.
You can't even close your account before clearing the outstanding PayPal balance.
To fix a negative PayPal balance, consider practical solutions like transferring funds from your bank account, asking friends or family for assistance, requesting support from PayPal through messages, or even sending a cheque to clear the debt.