Low Life Thieves

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!

Low Life Thieves

By Mike

Paypal put a deposit $450.00 in my acount,for somthing that sold,then took it back out of my account with out saying anything to me, then they said I have to pay for a charge for handeling the problem, and the problem was that the person useing the crdit card was not otheried to use the card. If anyone would ask me about paypal or ebay, now that paypal is owend bay ebay,I would tell them not to use there service,and that they would be taking a risk. The account that I set up with paypal over two years ago has been locked and that happened about two weeks after I opened the account,it remains that way to date: yes theres know dout in my mind at all that the hole opperation of ebay and there paypal are lowlife theves and it is a real shame becoause the world wide web internet is a wonderfull tool if it were used like it was intended.

Thanks for what your doing about it,

Michael

Posted: May 9, 2012 at 5:27 am