This website is a collection of horror stories, news reports and other information addressing problems with Paypal, Inc..

I Had No Idea

By Stephen

I had sold an item on EBAY and it was paid for on Paypal.  The funds had been deposited to my Paypal account and the item was shipped. 

Palpal had some issue with the account of the person that sent me the payment, and decided to reverse the transaction. 

In the end the buyer did re-send the funds, and everything was fine. 

But I had no idea that Paypal can reverse a transaction for their own reasons, and simply trust that the buyer and seller will correct the situation independantly. 

Remember – What you see as your Paypal account balance, might not really be yours. 

My advice is empty your Paypal account (withdraw to bank account) and then empty that account on a regular basis.

Posted: May 7, 2012 at 10:15 am

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