Bank issues in online earnings

vidhyaprakash By vidhyaprakash, 14th Mar 2012 | Follow this author | RSS Feed
Posted in Wikinut>Money>Making Money

We must be very careful while dealing with money matters and bank accounts in online earnings to avoid unwanted issues.

Bank issues in online earnings

Bank account is important for all online earners, since we are transferring our money to our bank account. We must be very careful in our financial matters and give proper and correct details to our bank and payment processor accounts. Some times we are in need to face some problems due to our bank or payment processor mistakes, in this manner we may lose some money too.

We must be very careful while verifying our bank account with payment processor. In fact we must take more attention in this sort. Even a simple mistake may give huge loss to us. Recently i faced an issue with paypal due to my bank. Already i verified my bank account with paypal and got my payments in my bank account without any problems, due to my bad luck my bank reversed one of my transaction to paypal and paypal needed to add a new bank account.

I created a new bank account for this purpose and give the new bank details to paypal. Already i verified my paypal account with my old bank details, so i don't have the ability to verify the new bank account. I am from India and paypal transferred my balance automatically to the new bank account. But since i don't verified my paypal account with this bank account, so i don't get the money in my bank, as well as paypal charged me around 250 rupees for the unverified account.

In the mean time i got another payment from other online site and that balance also transferred automatically to my new bank account. Again i lost 250 rupees for the wrong transaction. I contacted paypal using their twitter account and reported about this issue. After that they credited the penalty amount of 500 rupess in my account. But still i don't know what happened to that two payment amounts which is transferred to my new bank account.

I contacted to the bank staff and asked about the details. But they replied me that they don't received any money from paypal. I contacted paypal, they told me that they transferred that amount to my bank. I lost around 12 dollars in this issue. We must be very careful while dealing with money matters to avoid such kind of unwanted issues.


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Meet the author

author avatar vidhyaprakash
I am running a courier agency.. writing articles in various sites.

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author avatar Denise O
14th Mar 2012 (#)

That we do. Thank you for sharing.:)

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