PayPal Went Nuts

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 Lauren

PayPal won’t let me close my account. I was a verified PayPal user for years with no problems. One day I sent a sum of money to my mum through PayPal using my credit card. My credit card company marked the transaction as unusual and I had to phone them to get it unbarred. They were absolutely fine and lifted the bar instantly.

However, PayPal went nuts and started demanding loads of personal information from both me and my mum. She had to send a photocopy of her bank statement, and a list of other things. PayPal still froze the money until one day it just arrived in her account.
Then the nightmare really began! PayPal kept sending emails demanding more verification, and somehow they linked my account with my mum’s and accused us of being the same person! (We are at different addresses!) When I log in now, I no longer have control over my account so how can I close it?

This disgusting ‘company’ should be closed down.

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Posted: May 7, 2012 at 12:04 pm