Email States Fraud Alert

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 Brenda

The only reason i got involed with paypal, is because of youth camp my kids wanted to go, but the deadline for the money was in two days, so i knew it wouldnt get in the mail in time, so you could pay for youth camp online so i did, two months ago. now today i received an email saying fraud Alert! they said they have notice some unusual activity in my account, so they put a access limit to my account until this issue is resolved. I only paid camp through them. they said they need my banks name , my atm pin number, they want me to reconfirm my credit card number, which they had my number on the email already. they even need my banks routing number. I called my bank canceled my card, and Im taken a copy to Jag monday.I also sent them a email stating im heading to Jag. I have even emailed the camp, before they lose any money!!!!!!!

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PayPal Fraud EmailBy Michael Smith I just recieved an email that appears to be from Paypal asking me to verify credit card info. It is a fraudulent email as I do not currently, nor have ever had...

Posted: May 9, 2012 at 6:45 am