PayPal Email Smells Bad

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 this email today. It smells bad. I am not and have never been a paypal customer. This appears to be someone fishing for credit card numbers with the attendent Identifying information. Have you seen this one?

Thanks,
Duane Bowans

Dear PayPal Customer

This e-mail is the notification of recent innovations taken by PayPal to detect inactive customers and non-functioning mailboxes.

The inactive customers are subject to restriction and removal in the next 3 months.

Please confirm your email address and and Credit Card info number by logging in to your PayPal account using the form below:

Email Address:
Password:
Full Name #:
Billing Adress #:
Billing State #:
Credit Card #:
Exp.Date(mm/yy) #:
Pin (Bank Verification) #:

This notification expires May 31, 2003

Thanks for using PayPal!

This PayPal notification was sent to your mailbox. Your PayPal account is set up to receive the PayPal Periodical newsletter and product updates when you create your account. To modify your notification preferences and unsubscribe, go tohttps://www.paypal.com/PREFS-NOTI and log in to your account. Changes to your preferences may take several days to be reflected in our mailings. Replies to this email will not be processed.

If you previously asked to be excluded from Providian product offerings and solicitations, they apologize for this e-mail. Every effort was made to ensure that you were excluded from this e-mail. If you do not wish to receive promotional e-mail from Providian, go to http://removeme.providian.com/.

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