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Thread: gambling/paypal/negative balance

  1. #1
    Unregistered Guest

    Default gambling/paypal/negative balance

    Got into a bit of gambling spree, on a William Hill associated online casino, whilst at a very low ebb in my life, and still within a full blown grief stricken mindset, following the loss of my little brother. Interestingly after losing £100, I continued to deposit to the casino via my Paypal account. Unbeknownst to me, that my bank account had actually reached its overdraft limit, and no more funds were available. However the casino account continued to be debited. Several hours, and several hundred pounds later, I get a message saying that I was unable to deposit, as there was no money left in my account. And so ended my crazy spree. Off to bed I go.
    It wasn't until a few days later, when I checked my online bank statement that I realised that I had only actually deposited £100 from my bank into the casino account. Thatís strange I thought, I'm sure I deposited more than that. But thatís impossible, as I had maxed my overdraft limit. So I checked my Paypal account, and to my horror, I was in a negative balance, and my account had been suspended. Iím scratching my head at this point. And I have a profound moment of clarity, realising that there is something extremely dodgy about the way money is created, apparently from thin air, and also the way Paypal conducts itself. How is it possible for me to deposit money from my bank account into a casino (or any company for that matter), via Paypal, when there is clearly no money available to deposit. I mean, does Paypal not check to see if there is any money there before it goes ahead and deposits. How is it even possible. I'm not just talking about about a few quid, it was somewhere in the region of £400 to £500!! So I left it, and mulled the situation over.

    A few days later when I checked my bank account again, and noticed there is a direct debit showing. An attempt by Paypal to reclaim their money. Luckily my overdraft was still maxed, so it was a failed attempt. Also very interesting, as I thought a direct debit had to be authorised by the account holder and by the bank manager, so surely anything else is illegal. Anyway I cottoned on to never make a deposit until I had resolved the issue. Luckily also, I wasn't working at the time, apart from a little cash in hand work, so I had full control over what money was going into my account.

    This situation inspired me to do a little research, and I came across this wonderful site, where I read a lot of horror stories describing Paypal's underhandedness, and shady business conduct, so I decided they would never get a penny out of me. They would have to either take the matter up with William Hill, or sell the debt. Several weeks later after several ignored phone messages from Paypal, and several failed direct debit attempts. I had accumulated enough money to clear my overdraft. So I decided to clear my bank debt and close my bank account in one fell swoop. My Paypal account continued in its suspended state.

    That was about three years ago, and I my Paypal account no longer exists. I have however bought items from ebay, paying as a Paypal guest. But I no longer have the liberty to sell things on ebay, which I used to do regularly. Also I think I am about up-to (or close to) my limit to purchase items as a guest. Which is why I have been looking in to opening a false account, so I can continue to use ebay. I have since done a lot of research and truth seeking, and have learnt many things about exactly how corrupt this world is, I am what you may call a truther, or awakened to the system. And I know now I did the right thing by not paying the fuckers back. But I do find it a bit of a peck not being able to use ebay as I would like. I have attempted to use Paypal alternatives, but quite frankly its futile, as the buyer is required to have an account with the same alternative, and that is never the case, as Paypal still unfortunately, hold a massive stranglehold over the market.
    I do take positives from my experience, as I feel it was a catalyst to do a lot, I mean a hell of a lot of truth seeking, and soul searching, for which I'm thankful for, as I am a more well rounded person. And I do find it very interesting, as it a classic example of how money can apparently be created from nowhere. The beneficiaries in this example being ironically William Hill plc. And of course me. Lol.

  2. #2
    Unregistered Guest

    Default

    I didn't know you were allowed to use paypal for gambling, I mean you can gamble, lose all your money and file a chargeback and get your money back. Sounds super risky for Paypal and they are not risk takers, just money takers.

  3. #3
    Join Date
    Jan 2014
    Posts
    280

    Default

    It returns to Paypal trying to take money from your card.

    I'm pretty sure they are authorised to do this and this is something you agree to when assigning a card/bank account to your Paypal.

  4. #4
    Join Date
    Jan 2014
    Posts
    347

    Default

    Quote Originally Posted by Unregistered View Post
    I didn't know you were allowed to use paypal for gambling, I mean you can gamble, lose all your money and file a chargeback and get your money back. Sounds super risky for Paypal and they are not risk takers, just money takers.
    Paypal won't give you the money back if they see where the money went (a gambling site). They also don't just give the money back to everyone who asks for it, there is a strict procedure and most of the cases get dismissed.

  5. #5
    Join Date
    Jan 2014
    Posts
    210

    Default

    hmmm, never thought about that, but I doubt its all cut and dry like what you're making it out to be.

  6. #6
    Join Date
    Jan 2014
    Posts
    326

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    Quote Originally Posted by SeanM View Post
    hmmm, never thought about that, but I doubt its all cut and dry like what you're making it out to be.

    I have to agree with this, as it doesn't seem that the story fits and is done exactly like that. I feel there is a lack of info involved.

  7. #7
    Join Date
    Feb 2014
    Posts
    163

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    Quote Originally Posted by sethky View Post
    I have to agree with this, as it doesn't seem that the story fits and is done exactly like that. I feel there is a lack of info involved.
    I agree, whilst this post is long it seems like there are several important matters missing, after all Paypal doesn't just let you spend into minus numbers especially to such a large amount.

  8. #8
    Join Date
    Feb 2014
    Posts
    19

    Default

    I use William Hill all the time and this was an issue I occured also. I cannot remember the specifics of it as it was more than a year ago.

    I never challenged paypal for taking money that wasn't available to me as I knew there was no chance of me getting it in my favour, Plus I gambled the money so I've no one to blame bar myself.

    The thing that annoyed me was my bank account had no overdraft facility but I managed to end up with one, Although it was only small and after I disputed it with my bank there were no additional charges so I got off fairly lightly.

  9. #9

    Default

    Quote Originally Posted by Unregistered View Post
    I didn't know you were allowed to use paypal for gambling, I mean you can gamble, lose all your money and file a chargeback and get your money back. Sounds super risky for Paypal and they are not risk takers, just money takers.
    Hahaha. Could definitely see people doing this! Especially a few people I know! Couldn't agree with you more.

  10. #10
    Join Date
    Feb 2014
    Posts
    22

    Default

    Sorry for your loss, it must be awful,
    I've never heard of Gambling sites allowing Paypal before, I find it strange that they let you go overdrawn, did you have a credit card linked with your Paypal, I keep an empty debit card linked to mine as it's less risky.

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