What Can I Do Now

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

f 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 Spencer

Hello,

My recent problem happened with Paypal through Ebay. I sold a list of wholesalers to a customer on Ebay. The buyer paid me via Paypal and I emailed them the list of wholesalers. 6 months later I recieved a notice from Ebay stating that the buyer was claiming to have not recieved the goods. Paypal wanted proof (a tracking number). Since the list was sent via email (to save on shipping) I did not have the proof that they wanted. After there 60 day investigation Paypal paid the buyer back $189.00 and now they’re telling me that I have to give Paypal $189.00 or I will be turned over to a collection agency.

So I printed out the list of wholesalers on paper and mailed it to the buyer. Both envelopes came back REFUSED. Does anyone know what I can do to avoid refunding this money? The buyer recieved the list they paid for, and I’m getting screwed from Paypal. My email address is smileybrody@hotmail.com