PayPal ignored my NO Return Policy

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!

Sold an item on eBay. Buyer paid. Shipped item. Buyer contacted me, admitted he bought the wrong item, wanted to return it. I had photos and no returns permitted plastered all over the ebay listing. Buyer says he returned item but I never received it. Post Office shows item delivered but they do not have a record of delivery address. Buyer left neg feedback on ebay (my first neg in over 550 feedbacks. PayPal charged back the amount paid by buyer despite my doing nothing wrong and buyer admitted he bought wrong item. PayPal demanded that I fund my PayPal account so they can get the chargeback money, which I refused to do. PayPal suspended my account. WRote several letters to PayPal, no resolution, they want the money. Attorney threated legal action against PayPal, no resolution, they want the money. Account remains suspended/frozen. What’s the point of having a no return policy is paypal does whatever they want? I run my business not paypal!

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Posted: September 11, 2012 at 4:29 pm