Successful Horror Story

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!

Writer Wishes To Remain Anonymous

I was a victim of the Pay Pal “close the user account” game, too. My money was held by PP for over 6 months and I was not allowed to have access to my PP account records via their website after the lockout last year in July. In February of 2003 I finally got all the money that was locked in my account (sans interest…big surprise). I then contacted PP via phone to make sure that the account was closed and requested that PP remove all my bank account and other personal information from their system. I was flatly denied and told that it was their choice to keep the information on their system and they would NOT remove it.

I immediately contacted my banking institution, cancelled my bank account with them, and opened new accounts and new charge card accounts with a new bank. What a sorry excuse for a company PayPal really is. Thanks to your site, I was lucky to get my money back…just wish I had seen it before the lockout occurred and I wouldn’t have had anything in the PP account to be locked away for over 6 months.

A PayPal Sinner