PayPal Buyer Scammed Me

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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 Fatesfan

Issue – this scam artist used Ebay to milk me out of funds. He asks me to end an auction early for him but wants to purchase outside of ebay. He pays me $25, I send merchandise then he says “whoops cd never arrived”. He files through Paypal and say “we want proof you mailed it” . okay, here is my post office receipt showing I mailed it to that zipcode. Nope, not good enough. Ignoring the fact that I have used paypal for years and have given them hundreds if not thousands of dollars in so called “fees” & i have over 99% feedback … do they care what i say? Do they ask for my side of the story? They just give the jackass listed above his $25 right back (I offered to re-send one and he balked at it…said he would only acccept “new sealed for a store”. Classic bait and switch.

This is professional conduct? This is an institution responsible for the public’s money and they are not even financially insured? This is a very scary thing much less that Ebay of all people are behind it! Ebay won’t take responsibilty for the transactions done on ebay and paypal won’t guarantee that your money will stay in your paypal account even if people like the one listed above commited FRAUD and LIED. Gee, what a great way to profit from the internet.

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