PayPal Won’t Refund 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

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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!

By D. Hersh

I bought 3 bradford exchange figurines on ebay which the seller claimed were in mint condition with certificates of authenticity included and paid $50 through paypal. I paid twice the required insurance rate for the items. The items arrived broken, no certificates and not insured. I filed a complaint with paypal after the seller ignored all contact attempts.

I provided paypal with all proof including photos and copies of correspondence. Paypal contacted me saying that i had to have the broken items appraised by a professional collectibles appraiser before they would consider giving me a refund.

Turns out the appraisal would have cost $150- 3 times what i paid for the items. When I explained this to paypal they told me quote: “get the appraisal or we will not find in your favor.”

I even tried to contact the seller again and found their phone # disconnected and mail was returned by usps as no such person at that address. so even though i provided all proof and the seller had disappeared paypal found in their favor because I did not have a $150 appraisal done to get a $50 refund. Idiots.

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Posted: May 7, 2012 at 11:47 am