PayPal Is Crappy

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

f 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 found a much better alternative to crappy paypal. It’s called Hyperwallet. It is a Canadian based company offering money transfers online. No credit cards needed. You send the funds to your hyperwallet account which is linked to your bank account. You can send money to another hyperwallet user with a hyperwallet account and an email address. This means no credit card payment just cash from your bank accounts. They actually answer your emails and have customer service people who you can talk to with any problems. Many banks across Canada support this company. You can send and receive CDN or US funds in a matter of seconds and is much cheaper than paypal. I signed up for hyperwallet with my local bank and it is totally awesome.

The best thing about hyperwallet it supports eBay auctions!

Free for Buyers and competitive fees for Sellers.

pay for your eBay auctions without a credit card, take the funds straight from your bank account.

https://www.hyperwallet.com/ebay/intro.jsp

How do I get funds out of hyperWALLET?

HyperWALLET will transfer your funds to any financial institution in Canada or the United States upon your request

It is still a new company so not many sellers on eBay have hyperwallet account. I believe this is the next wave in online payment options. Worth checking out.