If you have a bank account registered with paypal and an instant bank transfer is available for you to pay for the product then paypal use their money to pay for the item and then wait for the Direct Debit you have setup to get their money back.
Basically a bank transfer is instant whether or not you have money in your account or not. If when Paypal go to withdraw the money from your account after 3-5 days it's not there then your paypal account goes in to the negative. In some cases (dependant on the value of the product bought) if there is no money in your bank when they go to collect and your backup source fails they take back their money from the Seller.
I've been conned many times via ebay because of this method paypal use. Basically you sell something, the buyer buys it with an instant bank transfer, paypal pay with their money on the sellers behalf and then wait to collect the cash from their account a few days later. When this fails, theytake the money back from you and you're left minus the money and the item if you have posted it.
All this info is available on the paypal website.
Basically a bank transfer is instant whether or not you have money in your account or not. If when Paypal go to withdraw the money from your account after 3-5 days it's not there then your paypal account goes in to the negative. In some cases (dependant on the value of the product bought) if there is no money in your bank when they go to collect and your backup source fails they take back their money from the Seller.
I've been conned many times via ebay because of this method paypal use. Basically you sell something, the buyer buys it with an instant bank transfer, paypal pay with their money on the sellers behalf and then wait to collect the cash from their account a few days later. When this fails, theytake the money back from you and you're left minus the money and the item if you have posted it.
All this info is available on the paypal website.