on 24-12-2012 04:48 PM
Have had it happen on a few occasions now, most recently the same buyer has had an echeque fail twice and is now not responding to emails.
Does anybody know why they fail ? I thought that an echeque is issued when the buyer does not have sufficient funds in their paypal account, hence the money needs to be drawn from their funding source (eg credit card) and this is why it takes the 5 days to clear. Is there a way that the buyer can make the echeque fail during the process ? I find them frustrating, firstly having to wait the 5 days and then worse when they fail.
Merry Christmas to all 🙂
on 24-12-2012 07:43 PM
Thanks mb 🙂
We all learn something new everyday.
on 25-12-2012 11:29 PM
Just out of curiosity,does anyone know when an echeque fails does the buyer get a charge for overdrawing on their bank account?
on 25-12-2012 11:38 PM
No Bump they don't - because nothing was drawn 🙂
on 26-12-2012 08:16 PM
It depends on the buyers bank Bump. There have been reports of overdrawn fees of $30+ and the payment is still rejected.
In the case of my bank, it can not happen....the withdrawal will just fail.