A Paypal Offer - Is This Secure?

Just curious,.... Paypal is a credit card/ banking institution. Correct? Can Paypal damage a persons credit report if a persons account is charged a negative balance and said person refuses to work with Paypal to remedy the problem in a timely manner.

When a person signs up for a Paypal account isn't the person required to electronically sign an agreement?
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Muzikat,

Did Paypal email you a monthly statement showing your account was in a negative status? In other words you owed Paypal money?

For Paypal to show your account in a negative status wouldn't a like amount of funds have to show up in some type of a dispute holding account?

The books have to balance out.
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There was no money in my account so they put it in the negative until dispute was resolved. In my case it was $2000, so if I wanted to buy something for $10 I would have to deposit $2010 into the account. When dispute was ruled in buyer's favor, I had to cover negative amount. This dispute process took 2 months.

Jea48, good question, I've never thought of that. Paypal is not a credit card or banking institution, but they may have sway on a credit report, I don't know.

I understand the negative, but if there's nothing in it the negative only means that paypal will send it to collections if not paid during the alloted time. The bad part is that if you do not pay the collections agency you can ruin your credit. If you have bad credit to start with then the Turnip has no blood for paypal. I don't use credit very often but I have credit better than 95% of the country and I plan on keeping it that way. Muzikat did the right thing and honestly sold a good item and got burned due to buyers remorse. I had a buyer strip a PC manual and demagnetizer off of a perfectly good working Cassette player that he claimed was not good. I had a Sheriff come over to my house to make out a report and I still had to repay him due to his credit card company that makes the final decision. Next time I have a return on an item I know was good when I shipped it, I'll have it returned to the post office and open it in front of wittnesses. I still use paypal, but have made enough deals off line to compensate for any losses. It sucks to have to put selling as is especially on an item that is not electrical to avoid the not as described crowd. Most people are honest, and it's a shame a few have to screw things up. It is kinda fun putting their names and information in swingers magazines then calling them. You wouldn't beleive the SPL of some phone receivers when I have a girl call and the guys wife answers.

Jea48 is right. Unless you are a seller and withdraw the funds and have your bank change your CC# each time you make a deal. I've been waiting 33 days for 2 sets of Linn IC's form England. The sell said he'd shipped 2 more sets 3 weeks ago and I assured him that if I ended up with 4 I'd send the extras back since I didn't pay for them. 2 weeks ago he said he shipped a 3rd set for me waiting so long. Yesterday I had to put in a claim for a refund and the seller has 1 week to respond. If I receive the IC's then I simply close the case. If he has withdrawn the funds and changed his CC# I still get paid back thru paypal and they go after him, or send it to collections. I'm hoping to get the IC's since they were a good price and will leave a positive feedback. The seller has 235 positives and no negatives, so the items could still be in customs. You have only 45 days to file a claim from the sale date.