PayPal Was Hacked

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 Robert

This happened a few weeks ago when my friend took back all the money from what he had made. He had registered some domains, and i was waiting too long, and my site was down for 5 days. He gave me some free webhosting and a good .us domain. I phoned him from the information of thw WHOIS, and then i asked what happened and i said that another friend said that this paypal was hacked.

His parents said that he cost them £600 in 2 weeks. I was shocked as i am only 14 myself. As the converstaion continued, i made a mistake of telling there parents to do a WHOIS on one of his domains. When this was over, i was so annoyed. I seeked help from my school, and they told me to tell my parents – i did not. They still do not know what the phone call was about…

I still feel bad about what happened, but i was not scammed. I only phoned because my site was down. The problem is still there today hidden.

If you wish to contact me my MSN is: aka7001@hotmail.com (I do not check my
e-mail at that address