• Report: #799501

Complaint Review: PayPal

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  • Submitted: Fri, November 18, 2011
  • Updated: Thu, December 01, 2011

  • Reported By: Smugs_nocturn — United States of America
PayPal
Internet United States of America

PayPal eBay PayPal holding funds from multiple sellers! Internet

*Consumer Comment: Ebay & Paypal's Little Secrets

*Consumer Comment: I agree

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PayPal is holding $1000.00 of my money which is preventing me from being able to ship out items promptly and they use that as a excuse to continue holding my money. I created a petition to get this stopped immediately. Its the holidays and I'm unable to go shopping for my friends and family because of this. They also informed me Yesterday that they plan to hold on to it for another 35 days and maybe hopefully they'll let me have MY money back

This is a crime they're holding funds and collecting massive amounts of interest off of us. This is not right and this needs to be stopped!

http://t.co/pwaENtcd

This report was posted on Ripoff Report on 11/18/2011 10:59 AM and is a permanent record located here: http://www.ripoffreport.com/r/PayPal/internet/PayPal-eBay-PayPal-holding-funds-from-multiple-sellers-Internet-799501. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Consumer Comment

Ebay & Paypal's Little Secrets

AUTHOR: Justme - (United States of America)

After 10 years of buying and selling on Ebay through Paypal, consumers, like myself, felt secure in these venues. With over a 96% feedback and great reputation something went terribly wrong in the past month...I, too, have gotten my account frozen which now is linked to my bank account making this a very stressful Holiday. Sellers Beware~ After Paypal and Ebay united they kept updating their policies. Most individuals who had done business via these services didn't check their updates. They already had our banking information and what many of us did not expect is that our beginning contract (signed years ago) was nothing like their frequented new policies allowing them to put a freeze on almost anything. My account is frozen due to the fact that a disgrunted customer (my first ever to want to return an item) stated he opened up and took apart the device he bought from me. Because Paypal has my banking information they cornered me, trying to get me to agree to take back this item for a full refund no matter what condition I receive it in. There is no such thing anymore called buyer remorse. If you write as is and fully explain the problem and offer the item for parts or professional repair it doesn't matter. Remember Ebay & Paypal are making money off of freezing our accounts. We are not alone. Complaints to the BBB by former members of Ebay have escalated in the past few months. Ebay/Paypal has been given the lowest scores possible (1) by it's own people. http://www.trustlink.org/Reviews/eBay-Inc-206039485 Check out latest complaints there "Ebay & Paypal Have Been Exposed" & "Where else to file a complaint on this company". Everyday lately I hear something new. One woman friend had her account frozen because she is a member of ebay but prefers to sell somewhere else predominately...when she finally sold an item her account was frozen. Not because a case was opened against her, not because a customer was dissatisfied but because Paypal updated their policy allowing themselves to freeze our accounts to their liking. I would like to sign your petition. I'm certain others would like to also if you post on the BBB trustlink (it's free). You might also want to join Power Sellers Unite online (with over 39060 former Ebay sellers...) Let them know and get this petition going. The time to freeze Paypal and ebay is now!
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#2 Consumer Comment

I agree

AUTHOR: BlueAngel08 - (United States of America)

I agree this needs to be stopped. They are doing the same thing to me! lost over 1000 in a single day because I'm forced to do refunds. I pray other people will speak out and help stop this scamming company
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