PayPal Placed Block

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 recently received an e-mail from PayPal saying that someone had tried to access my acct. with an foreign IP address and they needed me to confirm my banking information. They said they would put a security lock on it and investigate, to give them 72 hrs. I thought this might have been a hoax but it had my name on it, not PayPal user. I also called them and they said they did send me the e-mail. I filled it out and the information and then 4 days later I received another e-mail saying the same thing and that they did put the security lock on.

It was too late, as someone hijacked that e-mail and got my information and used it to withdraw over $900 from our checking acct. Our bank didn’t even catch the irregular withdrawls being made on three different days from Madrid, ES, and Bogota, Columbia. They tried to make several more of over $200 but they were denied and still the NEW system didn’t catch it at all. They tried until they reached an amt. that would go out. I just can’t believe that they didn’t see it.

I cash checks there regularly and they should have seen the activity and done something about it. PayPal should have put my acct. under security block earlier, and also called me about this not e-mail me. Thank you for letting me tell you.