Got limited because of who I rented out my house to.

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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!

I am currently going through a terrible experience with Ebay because of Paypal. I have recently attempted to start a business on ebay, all was going well until suddenly my account was limited for apparently no reason. So I contacted ebay to be told that the reason for my a selling limit was imposed was that I was linked to my tenant who obviously lives in a property I own. Although my rating has been 100% for 12 years because of this link I have had to submit all kinds of id and evidence to support my claim. However, they maintain that even thought they have my details and can see I am not connected to him, the “system” will always think I am. I explained that I cannot sell anything because of the restriction but I have up until now not got anywhere. So this 12-13 years long standing and faithful customer with 100% rating has been stuffed because I dared to rent my house to someone who used ebay albeit not very well

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Posted: September 21, 2012 at 5:24 pm