VERIFY YOUR ACCOUNT OR U HAVE TO GET OUR CREDIT CARD

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 had a pay pal account since 2008. I was recently notified, when I went to pay for a purchase, through e bay, that I had reached my sending limit, and I had to get verified. What a nightmare! I use a prepaid card. If I don’t have the money, I don’t buy. Never had any problems. Now that I reached the sending limit of $10,000, I can’t send no more, without getting verified. I don’t put my bank account information on line…so pay pal says, then I have to get one of the credit cards they offer, or Buy it later. I don’t want their credit card, and I don’t want my bank information online, so I can’t get verified. Seems like after you spend $10,000. that should be verification enough. Their website, states verify 2 out of the 3 options. Okay, they emailed me a code to verify credit card, I entered the code, then they text me a code on my phone, I entered the code, well that’s 2 right? WRONG! Went out and purchased a Green dot card, that transfers cash into the pay pal account.{ $4.95 at Walmart } So after transferring the money into the pay pal account it shows a credit $21.95. Now I can finally pay the e bay seller for the sweater I bought for @10.74..so I won’t have a case opened against me for not paying for a item, right? WRONG! Finally got customer service on the line,,,still can’t use because, you guessed it, I’m not verified. I told them, just pay this seller…and I’ll close the account. This is the dumbest shit I’ve ever had to deal with..The money is there, pay the seller. It will be 2 weeks before they send the balance to me in form of a check…This is the only problem I’ve ever encountered with pay pal…and the customer service reps. barely, speak English, but were friendly. Won’t be spending much on e bay anymore, and I’m a great customer..got all my little stars and everything…..Pay pal needs to do something about that verification crap! After you spend $10,000.00, had the account 5 years, they want to VERIFY, HEY ARE YOU REALLY YOU? DUH?

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Posted: February 25, 2013 at 9:05 pm