2024-10-02 01:27:19
PayPal deducts pending payments from your account. If it is not covered, the direct debit will be canceled. We reveal what needs to be taken into account in this case.
You paid with PayPal and the checking account was still funded at the time. Suddenly the electricity bill was debited and the account balance was no longer sufficient to service the PayPal debit. The direct debit is not successful and your PayPal account is in “minus”. Annoying, but no reason to panic if you act correctly now. Here’s how.
First of all, you will receive an email from PayPal saying that direct debit was not possible. Now the company has several options depending on your account status:
An unsuccessful direct debit almost always results in account restrictions. Only when several payments (direct debit by credit card or payment by credit) have been successful will PayPal enable you to use direct debit again.
The popularity of PayPal is based on the simplicity of paying, but also on the ability to pay in installments. The outstanding amount will be collected in several installments from the credit card or by direct debit from the bank account.
If the account is not funded at the time of the debit, you will be in arrears. In this case, PayPal will not make a second debit but will ask you to pay. For this purpose, you will receive the payment service provider’s account details and are obliged to balance the payment and fees. Make sure you do this early, otherwise PayPal can terminate the installment payment contract with you. You are then obliged to pay the outstanding amount in full, not in installments.
You will be charged for failed direct debits. How high the fee is depends on your credit institution. The bank bills the return debit fee to PayPal, and the company passes it on to you. If an installment payment fails, costs of 2.80 euros will be incurred for each incorrect debit attempt, plus the installment payment fees.