All I want to do is close my account, but I can’t!

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!

I paid $500 for a service on Paypal with my bank acct by mistake. Seller refunded my money…no problem. Paypal still took the money from my bank acct and caused it to be overdrawn and receive 4 overdraft charges. I understand that an ACH transaction cannot be stopped once it is set in motion. No problem. Them Paypal takes another $500 out of my account claiming they never got the first $500. It took several weeks and finally my bank was able to retrieve the money with no help from Paypal. Now my account in Paypal is limited and I cannot access anything. I want to cancel it but I can’t because they want me to “verify” my bank acct. No way! So now I am frozen from cancelling my Paypal acct and they STILL have access to my bank acct. TOTAL BS!

Similar Complaints

Can’t Close My AccountWriter Wishes To Remain Anonymous I decided that paypal was a totally awful company for sending and recieving money and i had just recieved an email saying my account access was limited unless i add...

Unable To Close Account With PaypalBy Leah Dear Team, Your website saved my bacon big time from making transactions etc. I read with horror your warnings and immediately rang my bank to get a stop put on account from anything...

Posted: September 18, 2012 at 2:49 pm