people who deal on ebay die as we all do .But most of us have our money in a regular bank.
ebay users who use paypalhave their money placed in a bank in which none of their relatives can open.
First they would need a password to log onto the computer.
Then the password and I..d for ebay and the the password for paypal,............paypal must be making a fortune .
2006-09-08 10:04:02 · 12 answers · asked by mickeok 1 in Computers & Internet ➔ Internet
Banks also make millions every year in unclaimed money from people that die.
2006-09-08 10:06:41 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I've had over 60,000 transactions go through Paypal without any problems but then again I'm not dead.
When someone dies their assets (including money in a Paypal account) belongs to their estate and the legal executor of the estate has the power to deal with the deceased's financial affairs - including withdrawing money from accounts although in some cases a court order may be required.
Problems occur when a person dies and no-one is aware of accounts or assets that they have, it makes sense to detail all these things in a will.
2006-09-08 10:42:38 · answer #2 · answered by Trevor 7 · 0⤊ 0⤋
what are you on about mate? paypal is not a bank account it is just linked to an account from a high street/ Internet bank to which the deceased member of family can have access through the credit/debit card. so no the family members do not need the paypal password nor the eBay id.
2006-09-08 10:16:13 · answer #3 · answered by missree 5 · 0⤊ 0⤋
i wouldn't say a fortune, but im sure a rare few cases have been profitable for paypal. the way paypal money works is a bit like buying poker chips. you pay for the chips, which are not real money but have the value of what you paid for them, and at the end of the game, any poker chips left can be claimed back for and you would get the same value that each chip was worth at the start. its the same principle with paypal, so surely in most cases it is inherited by whoever gets the dead persons belongings.
2006-09-08 10:13:50 · answer #4 · answered by me9189 2 · 0⤊ 0⤋
I'm glad I read this question properly (I usually only read the bold print)..I thought you meant PayPal were auctioning off corpses on Ebay? I had better go & tell the FBI not to smash their door down. Or am I too late?
2006-09-08 20:33:04 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Paypal is into the scamming business, I have first hand experience in it when they scammed me out of thousands. I am sure they scam the deceased families as well. If they can't make enough with their stupid service then they should shut it down, not steal.
2006-09-08 10:10:55 · answer #6 · answered by Entrepreneur 3 · 0⤊ 0⤋
I don't think they do,sorry I don't know much about paypal then just using it for paying stuff online.
2006-09-08 10:07:47 · answer #7 · answered by neo_pet56003 2 · 0⤊ 0⤋
How do you make money OUT OF dead people? Flatten them out, press them, and put the hundred dollar bill molds on the skin?
2006-09-08 10:09:36 · answer #8 · answered by kentata 6 · 0⤊ 0⤋
i have used paypal for years and i have not had any trouble whatsoever
2006-09-08 10:17:40 · answer #9 · answered by Teabagz 1 · 0⤊ 0⤋
Okay you are scaring me. I have two accounts on paypal buddy, and I have never heard nothing about that. Please inform me more. I have more than one card with them to. WTF?? Somebody tell me something please! And I know I'm not dying no time soon, I'm 21 and I pray, so they not getting no money out of me!
2006-09-08 10:13:49 · answer #10 · answered by princessmommy05 2 · 0⤊ 0⤋