ED Magedson – Founder
E-bay And Paypal2211 North First Street San jose, California United States of America
I have recently been a victim of PayPal's policy of preventing me access to my funds. I have no complaints from buyers and a feedback rating of 100%. They have no reason to freeze my account. I have customers waiting on merchandise and PayPal is holding the funds my customers sent me specificly for shipping. To top it all off I sold these itmes on ebay to raise funds for a surgucal procedure I am in need of and my insurance company requires I pay a portion up front. I contacted Scott Thompson's office via email and a woman named Andrea responded. I was given the typical runaround they give many of their customers, I am to provide my SS# which I will not do online since I have had my identity stolen twice. They also are asking for proof of suppliers and I explained to them I have no suppliers. I sell and trade rare plants and grow them myself. What I sell is seedlings, cuttings or divisions. The bottom line is they want to hold my funds in escrow for 180 days in order to make money off the interest. I have requested per the Fair Credit Reporting Act that they provide me with the amount of interest I am being paid for funds in escrow and they refuse to respond. The was this company does business is unethical and wrong. Ebay makes you use PayPal to buy anything on their site and then PayPal freezes the funds to profit on interest payments. People need to be warned about these two compaines and stay clear of them.
This report was posted on Ripoff Report on 04/29/2010 07:34 AM and is a permanent record located here: http://www.ripoffreport.com/reports/e-bay-and-paypal/san-jose-california-95131/e-bay-and-paypal-scott-thompson-andrea-paypal-is-holding-my-money-and-i-need-cardiac-surg-598093. 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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