No Problems Until Things Got Real Bad

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!

By Jan Harriss

I sold an item on ebay. I mailed it on the 25. On the 26th, Paypal sent me an email saying the buyer was complainng that they hadn’t gotten their item. The website “resolution” center gives you only 2 basic options: give a refund or show ONLINE verifiable proof that the item wa sent. So, the seller would have gotten the item on the 28th, and on that same day, Paypal sent the buyer back their money! Two days afterr they notified me!

So now the buyer has my item AND my money. And won’t return either. I no longer take Paypal. And it’s not just happening to me, it’s Other sellers I know also.

Suddenly! I went 4-5 years with no hassle. Then this month, three complaints against me through Paypal. And same thing happening to others as well. What’s going on?

Thank God, I never ever verified my bank account with them. I knew if I did that, that they would have access to my account! Far as I’m concerned, Paypal can go screw themselves.

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Posted: May 7, 2012 at 8:07 am