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I'm very sorry to hear that you have been affected by a recent issue with debit card transactions that did not post correctly. PayPal has become aware of these transactions and has been making corrections to ensure that any debits made are appropriately charged. I regret the confusion and inconvenience experienced as a result of these corrections.
As a reminder to everyone, please keep your posts in compliance with the Community Guidelines. The posting of contact information in the forum is not permitted for the safety of all members.
I did get the same email... and i agree, it is completely unacceptable, especially considering how much time has passed since the "incident"
So, Paypal decided to take over $700 through “Balance Adjustment” . No explanation of why. What the hell is going on?
Ive been a member for a long time.. this is the first time this has happened. Do over $70,000 in buisness a year.
My balance adjustments were duplicating all my transactions for June and charging my account $2,6K in one day, putting me in the negative by $2.2K> This my be a glitch. Tried calling but they have zero support after 8pm. Left me in a terrible bind as I use my PayPal debit card frequently.
Hopefully, they will fix the glitch on their own. I am sure we are not the only ones.
Apparently, you are correct they have found a systemic accounting error and a retro billed all their customers yesterday. Apparently this is wide-spread. I have call a lawyer to see if we have a case for a class-action lawsuit here. Let me know if you are interested in getting on board. I recommend downloading your account history all the way from January 2018 through today to do a reconciliation.
I found duplicate charges in my list, but because I can not verify where and when any of these balance adjustment amount were paid, I can't justify that they are legitimate. I ask them to define where these balance adjustment stem from and on what date. They were going to do it over the phone, but I requested that they mark up the details of each transaction online, not wasted any more of my time with their 3-month accounting snafu. Reviewing 33-charges would take up my entire day.
THIS ISSUE IS NOT SOLVED! WTF, ive been on the phone twice with paypal, all members seem to agree that we are being charged twice and this is not our mistake, done with trying to do this diplomatically , i want in on any class action lawsuit
I monitor my account closely as I process my business transactions and watch for fraud, having been a victim several times. Today, my account was hit with over 33 PayPal Balance Adjustments in a single minute in the amount of $2,539.93 cause the balance to dip down to a -$2,265.19. It states in the details of this charges that these are debiting for PIN transactions that did not debit the Paypal account correctly from 20 March through 8 April. No, I know what that is false, because quite a few of them were basic ATM withdrawals for $300 and I see my balances go down immediately after withdrawing. Never have I seen that reversed and to see charged twice no is inappropriate.
PayPal is losing my trust as I have been a victim of fraud twice, and now this. It simple not safe to keep you money with them, nor is it safe to use their PayPal debit card, as convenient as it is.
Now, I know it could be a glitch but it would nice for someone as big and global as PayPal to be able to have a 24-7 call line for these types of situations. What gives? Me, I am ready to throw away my card and quite this service. Too risky.