CAN YOU HANDLE THE TRUTH?
DON'T PROCESS
ANOTHER PAYPAL TRANSACTION UNTIL YOU READ THIS ENTIRE PAGE.
For those of you who are first time visitors to PayPalSucks.com, the information you are about to read is 100% TRUE.
For over 8 years PayPalsucks.com has been assisting the public in making an
informed decision about using PayPal. Every day, thousands of upset paypal
users from all over the world visit PayPalSucks.com seeking answers to questions
like how to get involved in
class action
lawsuits, why
PayPal froze
their funds, why
PayPal
withdrew money directly from their paypal or bank account,
why
PayPal is holding their money for 6 months or
longer
and the list goes on and on.
For those
of you who don’t know this,
PAYPAL IS NOT A BANK.
It is officially classified as a "Money Service". Therefore,
PayPal
does not have to follow Federal Banking Guidelines.
These guidelines are in placed to help protect an individual's bank account from being frozen without warning, explanation, or recourse, for months at a time. Sadly, PayPal continues to do just that, to thousands of PayPal accounts, every month.
We currently have
over 63,000 registered members
who have documented countless thousands of complaints on this website. We even have stories from
Ex
PayPal Employees and Managers who resigned because
of PayPal’s business practices, as well as thousands of detailed horror stories
posted all over our website about people being
Robbed,
Abused, Unfairly Treated, Lied To And Cheated By Paypal.
Every day we receive tons of emails from people who thought they could trust
PayPal with their business only to discover, as so many before them already
have, that there account has been limited and their
funds frozen, money held, or money pulled right out of their account.
These people placed their trust
and livelihood in PayPal's hands only to be told that their accounts have been
locked indefinitely without appeal.
Explaining
your version of what happened, in most cases seems to
make no difference. PayPal can
refuse to provide you with detailed information from their investigation and
does not have to
disclose documents they relied upon to make their decisions.
You can expect to wait
AT LEAST 6 MONTHS
before you see your money again. In some cases, the
wait time can
EXCEED 6 MONTHS and run into a shady Grey area, where
"NEVER"
Seems To Be A More
Realistic Time-Frame.
People who complain about it have reported experiencing
terrible
Customer Service including extra long hold times, delays, and dead-end
auto-responder e-mails like this one:
[Thank you for contacting PayPal. We apologize for the delay in responding to
your service request.
After review, the decision has been made
to keep your account locked. This decision cannot be appealed.
If you have any further questions,
please reply to this email.]
Press them a bit harder and you may convince them to do an investigation.
However, don't count on PayPal considering your side of the story in the
investigation. Just consider this an easy way to
Blow You Off And Get You Off The Phone.
PayPal is no stranger to complaints.
According to the San Francisco Chronicle, there are approx.
100,000
COMPLAINTS OUTSTANDING AT PAYPAL. In many instances disputes can run on for months leaving
people frustrated and out of pocket as they are unable to access their accounts.
But
Why would Paypal want to routinely freeze the funds of their merchants
as a part of their core business
model?
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!
When you
open a paypal account,
you agree to allow PayPal to play Judge, Jury and Executioner in every
dispute situation.
Your money is taken from a customer’s credit card, or paypal account, and
transferred into a paypal account,
not your bank account.
Make No
mistake about it:
PayPal profits handsomely, earning interest on the millions
of dollars left sitting inside thousands of frozen paypal accounts.
So What Can You Do To Protect Yourself?
Well, for starters, we recommend avoiding PayPal at all cost. If you're interested in a service that is compatible with eBay and can also be used on any website, we have been recommending the same company for the past several years and have received outstanding reviews from our visitors.
Click Here To View
BUT
DON’T TAKE OUR WORD FOR IT.
Our
forums are filled with thousands of people whose lives were ruined by PayPal
(And these are only the ones that decided to
post their stories or problems online).
And if
that’s not enough to help you make your decision, watch this CBS news clip.,
Since PayPalsucks.com
was created, our goal has always been to assist the public on making an informed
decision about using PayPal. We sincerely hope the information we’ve provided
has helped and we wish you the best of
success with your business.
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