Still No Resolution

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 Laura

I recently shared my horror story with you. Still no resolution, but I am marching on.

I just wanted to let you guys know a few things:

1. The number for “Craig” on your homepage is now a “non working number”.

2. The number for Officer Mock is no good either – you now need to call Mountain View Police (paypal moved to this town) and ask for a high tech investigator – 650-903-6344.

3. PayPal corporate offices – 650-864-8000. I have left a voice mail for Ken A Miller, Vice President, Risk Analytics, and he is at extension 8130. I told him it was the last phone call I was making before I called 60 Minutes and 20/20 (and I mean it). We’ll see.

4. Did you know that they are so friggin corrupt that they have a “law enforcement hotline” set up? UNREAL – 650-864-8345.

Thank you again for your site.

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Awaiting ResolutionBy Holly I sell mostly through ebay. My first (and last) experience with Paypal involved a chargeback due to a seller who asked me to hold off on shipping out the item due to they...

Posted: May 9, 2012 at 10:23 am