Why Not Notify Me

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 Sherry Koyama

Hi,

I’ve just found out I’m missing $860 from my checking account and PayPal account- and have been throughly frustrated and inconvenienced. Basically it appeared someone hacked my PP account with several unauthorized transactions, taking money out of my checking account, putting it into my PayPal account, and then withdrawing those funds to some random person…so, all in all, I’ve lost $102 from my PP account AND $750 from my bank account..I closed the bank account today to prevent the other pending withdrawals to go through. Whatever it is, I’m so pissed off and I want my money back!!

There are a few “reversals” of those unauthorized payments that are pending in my account, but my account is in limited access for the time being- and they never sent me an email to tell me that my account was being frozen due to suspicious activity! WHy the hell wouldn’t they notify me if there was “suspicious activity” in my account?? Anyhow, I sent my claim to PP yesterday via certified mail with a return receipt, so if they don’t get back to me within 10 days with a favorable response, they are going to hear it from me. Just thought you’d like to know that Paypal has moved, and their new office address is:

303 Bryant St. Mountain View, CA 94041
Their number is 650-864-8000.

Thanks,
SK