Seller Screwed By PayPal

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 Dave

PayPal screwed me as a seller!

I’m in the UK and I sold a buyer an electronic item delivered via email for £100. A month later the buyer filed a completely false complaint saying they had not received their item and that they had repeatedly tried to contact me and I had not responded. I sent PayPal a fax showing all my evidence for the transaction, including the buyer acknowledging their receipt of the item and that they knew they were buying an electronic item.

After a month of ‘investigation’ PayPal sent me an email saying they had concluded the buyer was due a full refund and took the money from my account. As I had less than £100 in my PP account at the time, they have frozen it and limited my access. All this without any reason given for the decision, no word on what the buyer claimed they had purchased (PP do not cover electronic items so I can only assume the buyer must have lied and said they should have received something tangible) and no word on why my faxed evidence was just disregarded. PayPal have completely screwed me over as a seller! I sold something legitimately and then had the money forcibly taken back from me without reason.

EVERYONE – STAY AWAY FROM PAYPAL!!!!