PayPal Won’t Retract

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!

By Linda Russell

I entered a bid on eBay on an item with 7 minutes left on the clock. At the end of the auction I was sent an e-mail that I won the auction. I made payment of $585.00 through PayPal and same was deducted from my checking account. After the $585.00 was deducted I received an e-mail from the Seller that he couldn’t let the item go for only $585.00 and he would not be honoring bid. I said that was O.K. because I really couldn’t afford the item, I knew it was worth much more than $585.00. I asked him to refund my money and he told me that I should have PayPay retract the payment from his PayPal account.

Nearly 2 months have passed, PayPal has not retracted my money and the Seller still has it. He has said in numerous e-mails to me that the money would be returned but it hasn’t been. Note, he was an unauthorized Seller on e-Bay. I have been given a phone number for the Seller in Orlando, FL but every time I call (no matter what time of day) the phone is always busy. At this point, the Seller has the item and my money.