Activation drama

PayPal Warning

While we do not have the resources to verify each and every complaint we receive, we do believe that all reports posted here are true based on our own experience with Paypal and the growing number of corroborating horror stories we receive every day. The main subject of the majority of these horror stories is the following:

Your Paypal account can be frozen at any time, without advance notice, leaving you without your money for months (if not forever), and there isn't much you can do about it.If you would like to submit your own PayPal horror story, we would be more than happy to post it for everyone to read, providing that it is truthful and void of inappropriate language. Please feel free to submit your story by clicking Here

If you are searching for an alternative to PayPal, we strongly suggest acquiring a Real Merchant Account. CLICK HERE FOR OUR TOP PICK.

How Does PayPal Make Money With My Money?

According to the San Francisco Chronicle, there are approx. 100,000 complaints outstanding at PayPal (Are any of these yours?). In many instances disputes can run on for months leaving people frustrated and out of pocket as they are unable to access their accounts. So what happens to the millions of dollars tied up in frozen accounts and disputes? Well, here is a clip from the San Francisco Chronicle that basically sums it up:

U.S. District Judge Jeremy Fogel of San Jose refused to dismiss a lawsuit that seeks class-action status on behalf of thousands of PayPal customers nationwide. A common allegation is that the company brushes off or stalls customer grievances for months and meanwhile freezes the customer's account and pockets the interest (So that's how they make their money!). No wonder they freeze so many accounts!

Two days ago I spent $5.00 to purchase a prepaid paypal debit mastercard. I called to activate the card this morning because I need Cash. After putting all my info out there over the phone, everything, from my SSN to where I live to my moms maiden name; Paypal still won’t activate my card so I can use it. Now they want me to go someplace and fax them a copy of my SS Card and my driver license or ID. WHY! Why should I have to fax you anything? This is my money. The cashier received cash from me and handed me in return the paypal card with the funds I gave her on the card. The customer svc rep verified that the amount of money I paid is on the card but will not let me get my money without all this nonsense. I don’t have a fax or scanner, or why should I need one to get back my money. I am totally pissed with paypal and their reps who barely speak english. Well, I had a hard time understanding them. Why is paypal holding my money that I desparatly need today hostage. I hate them. I need my money.

Posted: January 9, 2013 at 7:14 pm

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PayPal Warning

How Does PayPal Make Money With My Money?