PayPal Related Scam

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

Here is another PayPal-related email scam. I was suspicious and reported it to PayPal. I got a canned response that they would look into it. I did not respond to this suspicious email so I did not lose any money.

HERE IS THE FRAUDULENT EMAIL

Dear PayPal Customer

This e-mail is the notification of recent innovations taken by PayPal to detect inactive customers and non-functioning mailboxes.

The inactive customers are subject to restriction and removal in the next 3 months.

Please confirm your email address and credit card information by logging in to your PayPal account using the form below:

Email Address:
Password:
Full Name:
Credit Card #:
Exp.Date(mm/yyyy):
ATM PIN (For Bank Verification) #:

This notification expires September 31, 2003

Thanks for using PayPal!

Comments : 0 Post a Comment

SCREW-PAYPAL.COM's TOP PAYPAL ALTERNATIVES

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

PayPal Warning

How Does PayPal Make Money With My Money?