PayPal Violated Me

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

If 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 Susan

Paypal verified then locked my account, causing me to loose big. I started a paypal account and was verified I sold a few items without a hitch. I transfered $400.00 from my paypal account, to my bank. Well, they put a hold on all $400.00. They just froze it, well I was frantic trying to get the hold lifted, I had to get out the shipping on these items.Ebay members payed pay pal so I could ship there items. Well I heard of alot of nightmares,other people had sent there items , via paypal payment. and they were out both the item, and there money.

Well,the only thing that I sent to the customers was email telling them that paypal had there money, and for them to deal with geting it.That did not go over well with some and the result was I got neg feedback on my new account.Now I have to try and get refunds for selling fees, and shipping lables I bought online. Nightmare!

I can’t see how they can violate my rights like that and harm my business, causing me stress and greef, lost income, and defamed reputation. well, it must be that there so rich from all that money there steeling, that they just don’t care….Sue

Posted: May 8, 2012 at 7:24 am