I Was A Top Seller on eBay

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 Ron

Well, to start with, PayPal needs to be shut down and made to pay everyone back that they have ripped off.

I was a top seller on ebay, selling close to 1/2 million dollars in 2 years time.

Well then PayPal got involved.

When I first signed up, no problems. Then, I had a employee send the item a customer bought to the wrong place…our fault.

Now it gets good.

The customer was going to do a chargeback, but said if we got the items to him with in 7 days, no problem.

These were $2000 dollar-a-piece machines, so I contacted a supplier in Florida and purchased brand new machines for this customer. Well, you’d think that this fixed everything right?

I heard nothing back from this customer for 4 months.

All of a sudden, my PayPal Account was frozen. I HAD $6,000.00 DOLLARS IN IT!

YOU GUSSED IT, THEY REMOVED $2,000.00 AND HELD THE OTHER $4,000.00

When I called PayPal, I was told that the customer charged back the entire purchase 4 months later! I called the customer and he said he decided he no longer wanted the machines.

I was outraged when I learned that I would be made to pick up the machines myself 700 miles away in New Jersey or they would be discarded.

A week later, this happened again with a different customer. I am out a total of $17,000 dollars along with my merchandise and my eBay business is ruined. I have to declare bankruptcy next week.

Thanks for Nothing, PayPal.

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