Don’t trust PayPal with your personal information!

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!

I have never really trusted Paypal, but continued to use them for years since I like buying and selling on ebay. I had a couple issues with fraudulent disputes after I sold something and paypal went back into my bank account to recover the funds. I took my bank account off, and a couple years ago added a paypal credit card that i added to my account for the only purpose to become verified and keep using paypal. Just last week, I noticed I was no longer verified and my credit card info was gone. I called paypal, and they had no record of me ever having a card. He was trying to get me to verify my info, SSN, phone number, ect. I was hesitant, but complied. When he still couldn’t see any info, he wanted me to verify my address. I gave him a fake address, and he said that was the correct one. That’s when the call ended. I’ve never trusted them and never will.

Similar Complaints

PayPal Account UpdateWriter Wishes To Remain Anonymous I think I used pay pal to buy something on line, a one time thing, but now pay pal keeps emailing me telling me to update my account…I’ve ignored them...

PayPal And Personal InfoWriter Wishes To Remain Anonymous Why does pay pal say they WONT ASK FOR PERSONAL INFO< then turn around and does that very thing? Why should you need my PIN, and S.S.#? If you really...

Posted: August 2, 2012 at 3:41 pm