Paypal Gift Certificates

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 R.S.Brewer

Hadn’t had any problems with Paypal until about 6 mos ago when they sent me an email saying my account needed to be verified. I use one credit card for Ebay purchases. I thought I had been confirmed/verified but something happened and they told me I had to be verified (again) as my transactions on Ebay and through Paypal was approaching $2K.

To fix this, I would have to give them my bank acct info which was NOT associated with my CC. “Ain’t no way,” I told them, I was going to give them or anyone else that info.I called customer service on numerous occasions and sent as many emails. The only reply I ever got was from “Carrie” who stated that was their policy. Their policy and mine had a parting of the ways and I told them to cancel my account.

To wit, they responded if I didn’t get verified they would cancel my account. SUBSEQUENTLY, my daughter bought me a gift certificate for $50. I tried to use it, but before I could I had to be verified by giving them MY bank account info. The gift certificate for Ebay, which my Navy daughter, single mom, bought for her Dad, is no good and I am holding Ebay and Paypal responsible. As I understand it, EBAY IS ASSOCIATED WITH PAYPAL.

What a shame to let crooks ruin a good thing. They are located, according to info gleaned from this site, 126th and Harrasion St in Omaha, NE. RSB

Posted: May 7, 2012 at 7:56 am