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IMO (based on having an active Paypal account for about 18 years...yes, eighteen=almost 2 decades..
Paypal is likely the most fraudulent, poorly managed large "financial" company I have ever had the displeasure of dealing with.
Recently (past year or so) Paypal's horrific customer service (Lack Of!),
has reached a level of severity, I can no longer ignore.
Problem is when I research online, for what is next level for my complaints, I'm brought to useless (google) pages that seem sponsored by Paypal, themselves!
---> Anybody know what the next level for a formal complaint AGAINST PAYPAL COMPANY is, for fraudulent practices (yes, stealing and using our money interest free,
in addition to several other deceptive and anti-consumer practices)...??
Mastercard, FTC, Consumer Affairs?
The simple fact that Paypal is NOT a bank, and is NOT monitored or held to widely accepted practices + laws, for banks and credit card companies, is a red flag I should not have ignored for so many years.
(I'll post more details on the specific issues/problems I have against Paypal later).
A shame, I was unable to locate this type of information here, all by myself - Other than obvious, Paypal themselves block or hide those kinda posts - to make it more difficult for people like me to formally report THEM= Sad 😞 But, I will not give up...
Because, if Paypal wants to pretend to be like a BANK / credit union/ loan processor /merchant account, credit/debit card issuer etc.
I AND YOU SHOULD EXPECT THEM TO BEHAVE (responsibly + honestly), just like all I mentioned, almost always do, (WITH OUR MONEY).
Example: My bank + credit union only allows debit Mastercard holds to remain for only 2 days...But,
Paypal now states we must allow 30 days for a hold (e.g. refundable hotel deposit) to be released!
The hotels say they settled bill and released it, and Paypal says they will not release my $ (for 30 days!)= Scammy. Likely also fraudulent. (Keeping my money on a deposit that was settled/completed/refundable. I even a couple of times did 3 way call with merchants accounting dept. and Paypal, where they clearly instructed Paypal to release the funds,
even faxed Paypal's required form for release, and Paypal STILL HELD THE MONEY for WEEKS!!!
MULTIPLE other examples of Paypal's fraudulent use and handling of our money,
both as a long term seller, buyer and (Paypal) debit cardholder,
I'll add later.
Hi I am going through a County Court in the UK over PayPal,s Freezing my Account since May 2015,refusing to Process payments for items I have bought on eBay in 2014,2015 and 2019. Why is this American company Allowed to treat consumers with Contempt.Laws with Contempt,Court Orders with Contempt.At a hearing recently a Order was made by the Court and PayPal had to respond to that Order by 25 November 2019,Guess what? yes PayPal Refused to comply with that Court Order,I believe its called Contempt of Court?, So a number of sellers on eBay are Not getting the right price for their Goods,eBay have been aware of this problem,but due to the revenue PayPal make,s for eBay,why would eBay consider the Consumers Rights?
PayPal failed to inform me about the type of activity that triggered the account freeze on my payment... this is 12/31/2019.. still going on.