Paypal is not letting me close my account

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

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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!

My story is not so much as paypal has closed my account. It is Paypal wont close my account. When I try to close my account it says payment transactions are still in process. Well when I made a payment to pay off my Paypal credit account for awhile it did show pending. It now shows completed along with all my other transactions. However when I try to close the account I get the message which was mentioned above. I had to fight them to get the money a buyer made. I had to threaten them with the BBB and state and federal consumer agencies. They would not release the money until 3 days after the buyer recieved the item. I told them a business gets their money before they ship anything out. Oh yeah I have had 100% positive feedback and been a member since 2005. After that I now want to close my account and never do business with them again. However paypal wont let me

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Posted: March 6, 2013 at 5:32 pm