No Single Static System

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!

Writer Wishes to Remain Anonymous

The scam referenced on http://www.paypalwarning.com/SecurityWarning/Default.htmdoes not have a single, static system behind it, as near as I can tell. I’ve gotten several of these, and they always have a different system to which they send information.

Similar Complaints

Too Close For ComfortBy James I used paypal when i was selling on ebay. Living in an excluded country made me enter my brother address and banking account instead (with his notice). Everything was ok until ive refunded...

Multiple PayPal ProblemsBy Steven Mcquaide hi,thank god for your site!! ive been with paypal now for 2 yrs coming up and put alot of money in they pockets with their high charges ,but i did not mind...

Posted: May 9, 2012 at 11:51 am