This website is a collection of horror stories, news reports and other information addressing problems with Paypal, Inc..

PayPal Is Not A Bank

Writer Wishes To Remain Anonymous

I’ve been an ebay power seller for almost 3 years. I use paypal for thousands of dollars of transactions every month. I have never, ever had a problem with paypal, and they have always had great customer service when I needed it. Paypal is definitely the most convenient form of payment for online transactions, and discontinuing the availibility of this service to my customers would cost me thousands of dollars each month. No organization is flawless, or imune from security threats. Paypal is no exception, but their record is much better than some. Of course paypal is not a bank, and it does not claim to be one, or operate like one. Therefore you should not treat it like you treat your bank account.

Posted: May 9, 2012 at 10:34 am

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