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UPDATE! Account Balance issue - PayPal Working Capital

bluewave
Contributor

UPDATE! Account Balance issue - PayPal Working Capital

So the ongoing PayPal problem with merchants not being able to access their money... is also causing severe issues for anyone who has PayPal's Working Capital.

 

When a customer pays us 20% is taken off the top to pay back our Working Capital business loan.  Unfortunately we don't ever get actual payment now, however the fees are taken from our remaining balance... so now when we get a payment our balance is actually lower than it was before!

 

This is unacceptable PayPal!  You are now just stealing money from your customers!

 

EITHER FIX THE ISSUE, OR TURN OFF THE WOKRING CAPITAL PAYMENTS!

 

Our account will soon be cleaned out.

 

Also I advise everyone to remove any linked checking accounts, as it will start pulling money from your checking accounts!

 

I have been a PayPal customer since about 2003... gonna start looking for other options now.