Paypal's holds on verified funds is illegal. Join the class action law suit to make them stop!

Temp20220226P
Contributor
Contributor

Paypal's policies of with-holding verified funds has absolutely no statutory, logical, or ethical basis as grounds to hold and keep your money from you against your will and without your permission. In fact, so outrageous and corrupt is the practice of  these"forced interest free loans," the practice is literally against the law. Paypal must be forced to play by the rules, and obey the laws like every one else! Even if that means we as the customers it swindles on a regular basis must take matters into our own hands, and do so in the form of a class action lawsuit for all interest and damages Paypal has caused our lives and finances by it's unethical and illegal practice of with-holding access to our verified funds!

 

     To that end, I am asking the community of those whom have suffered this intolerable acts of corporate greed by Paypal, and suffered Paypal unlawful with-holding of your verified funds for any period of time, and for whatever made-up excuse they gave you, to please contact me at about the possibilities of forming a class of victims willing to bring the class action law suit so clearly required to ensure Paypal plays by the rules like the rest of us do! 

 

      If you don't believe their policy to be not only harmful to people who need and deserve the funds we earned without being forced to loan it interest free to a billion dollar company first, just ask yourself the following: What do you think would happen to you, if you took some ones money without their permission? You'd expect to go to jail, and face criminal charges for your illegal behavior, right? Well, Paypal, in all of it's corporate ego, has come to believe itself above the laws of this country. The proof of this, is the policy and practice of with-holding verified funds from it's customers, in violation of criminal statutes, banking laws, and all other laws Paypal wrongfully thinks do not apply to it (EVEN THOUGH IT IS A MONEY LENDER OFFERING CREDIT AND CREDIT CARDS, AND DEALS IN AND WITH DEPOSIT ACCOUNTS!)! We have rights as consumers under the banking laws, laws that govern financial companies, as well as the Fair Credit Reporting Act as Paypal never gives a legally recognized reason for wrongfully with-holding and converting for it's own uses your money via the with-holding policies! We do not need to stand for this! Join me in punishing Paypal by hurting it, the way it has hurt us... In the pocket book! Let's sue for our interest, and to get Paypal to stgop stealing our verified funds once and for all!

 

I look forward to hearing your stories about how you ewere harmed by Paypal unlawfully with-holding funds you earned and needed immediately,! We will show this greedy corporate egomaniac that even a billion dollar company must obey the laws of this country, and may not make gifts unto itself in the form of interest free forced loans from other peoples moneys, and that in this country justice is not determined by the size of your bank account but the merit of your actions and treatment of your fellow citizens!

 

Respectfully waiting to hear from all of you,

Joel <removed> Juris Doctorate

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106 REPLIES 106

Brettclo
New Community Member
They are not holding my funds, they already verified it and put it in my account but they placed restrictions on my account so I can't withdraw or use my money.
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thefon1010
Member
Member
Why are they holding money sent from my wife's bank account? They have received the money why is there a hold on this type of transaction. It is as was stated they are crooks and stealing money from hard working people. I am getting in touch with my state regulators and try to coast them some money. Doubt you can embarrass a company with no moral compass so maybe some fines on them would make me feel better.
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LLS723
Member
Member
I agree paypal arenothing more then commonthiefs and should be held accountable for therre actions i dont care if they took 1 penny or 1 millionfroma person it is all the same to me they stole what did not belong to them a thief is a thief is a thief ...iwonder ifthey get there workers out ofa free prison work program
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bravowhiskey
New Community Member

21 days per the User Agreement is one thing - being completely shut out of your account, with no access to legitimate funds (with no explanation whatsoever from PayPal) is an entirely different beast.

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bkinsight
Contributor
Contributor
Same here , no explanation and theIt customer service is conveniently off during the Pandemic but they are not closed for debt collection apparently. Double standard! We need a class action against this hostile and abusive way of conducting business.
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Anonymous_User
Not applicable
Yes, I have the exact same problem. Except its been past 21 days! The hold on funds were removed 10/16. However I am not able to access my account balance that's free and clear. There's some type of error the their computer system is making and they have not fixed this problem despite speaking to customer service who stated they fixed the problem...they dont know why it wont allow me to even use my account balance to purchase items online! This is unlawful behavior.
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Azazel3584
Contributor
Contributor
I had a promised 24 hour hold that didnt go through for over 4 days and had to message them to get it.... I should have been paid a week ago... I put a complaint in with ftc
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Ellienoel
Contributor
Contributor
I this has been a few years ago….but if it’s still in the works, I’m in!
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Stevew7
New Community Member
There is absolutely no reason for paypal to claim hundreds of dollars I sent for car repairs. In this case a family would have been destroyed if I hadn't taken on the financial damage to pay these hundreds a second time. This is NOT paypal users doing things to themselves, this is paypal illegally seizing money when larger amounts are sent. Poor people are dependent on paypal working during emergencies or lives can be destroyed, and for paypal to steal money they will never give back is immoral, unethical, illegal and from the amount taken in my one case; felonious. No reason given, we just want your $750, and don't even ask about it for six months because you are never getting it back anyway.
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beargates47
Contributor
Contributor
Yes 21 days agreed but it has been 3 years now that they have had my money on hold my account is not usable . However i can see transactions and can see where money that i dont have access to has been moved in and out of my account.
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