Fear It Is A Scam

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!

Writer Wishes To Remain Anonymous

I received a notice supposedly from PayPal saying that they were not able to process my latest order and I needed to update my account. I have only bought very few things using pay pal over the last yr or so. Far as I know my latest purchases went though fine. Perhaps they just want an update? I am hesitant to follow the directions they give for fear it is a scam. I will forward my letter if you like……

Thanks

Similar Complaints

PayPal Scam SiteBy Michael Wilkinson There is apparently a paypal scam site at www.paypalwarning.org. My msn account just got an email that (following the same format as your other one): PayPal Warning! Dear paypal user, Due to concerns...

Subject Of PayPal ScamBy Christopher Hi, I believe I have been the subject of a variation of the email scam on your website. Unfortunately I have fallen foul to this scam and re-entered my debit card details at...

Posted: May 9, 2012 at 12:41 pm