PayPal Shut Me Down

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 Sam

Paypal shut me down and said I had no appeal. With persistence and politeness, I finally was able to show them the facts and they agreed they’d made a mistake. They reinstated me on the condition that I sign an online affadavit stating that I HAD violated their policy and since I had a big sale coming up using paypal, I agreed.

They accused me of violating their mlm policy by offering a widely used 2-tier affiliate program. What they didn’t notice is that the affiliate page, which came with a turnkey website I’d bought 2-3 years prior, was non-functional, a dead page, with no way possible to join. And that no sales had ever been even made on that site.

When I showed them this, 5 days later, they reinstated my account but still made me agree that I had violated the policy.

What concerns me now is that 1000s of people who for some reason still believe that simple, honest, 2 tier affilaite marketing is legitimate, are going to get picked off a dozen or so at a time because of this.

And frankly, we can’t wait for the Google payment processor to come out.

Just thought you should know since this problem is a unique one but will end up affecting many 1000s of people.

Sincerely,
Sam