Paypal stole $20 from me

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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!

I’ve had a few unpleasant ones, but the latest – I used my Paypal debit card at an ATM to take out $20, but the machine froze, didn’t give me the money but I was still charged. I took pics of the frozen screen and called the ATM company, who said to call the issuer of the card. So I called Paypal, told them the story, said I even had pics of the error screen, and they actually gave me my $20 back. However, a week later, they took the $20 BACK from the funds in my account, with no explanation! I admit, I didn’t even bother calling because I knew I’d lose and didn’t want to draw any more attention to this.

Posted: June 28, 2013 at 6:20 pm

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