Urged For More Money

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

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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 sold a portable playstation via ebay. The buyer won the auction on it and neatly payed the item via PayPal. I sent the item and everything seemed to be fine. Untill a certein day, I received a message from PayPal that a chargeback has been filed. Never heard that word before, and never will I forget it now. Buyer claims that the item never arrived and PayPal redrew the amount disputed. Having just withdrawn most of the money earlier, this meant that the balance was negative now.

PayPal urging me to add money, me however still believing that everything will be alright. After all, I did send the item and I did send PayPal the evidence (receit of buying the item and a document indicating that I have sent it to the buyer’s address. Buyer never contacted me about things not arriving and I contacted the buyer many times to no avail. However, PayPal lost the chargeback case against the buyer’s credit card company which meant that I have to pay for the item myself: no item, and losing money (plus the ridiculous $10,00PayPal charges you for handling the Chargeback case).

PayPal cam virtually charge you with anything at anytime. So now PayPal is threathening me with a lawsuit and probably will send over a collector for the money, although the case is still under investigation. Currently, I have the post offices certify whether the item really arrived and I might start a lawsuit against the buyer for fraud or post company for theft. I appreciate any help form people in the same situation.

Thank you.

Similar Complaints

Money Refund To BuyerBy Len Philpot I sold an item on Ebay to a buyer in Michigan, it was mailed USPS priority mail and had a delivery confirmation. The day it was delivered the buyer contacted Paypal and...

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Posted: May 9, 2012 at 11:58 am