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

Temp20220226P
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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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91 REPLIES 91

coolsakura
Contributor
Contributor

count me in

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Handymanveteran
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Contributor
PayPal after repeated limits placed on my account locked me out gave notice of 180 days keeping my money already cleared and I can't pay my bills nor complete contracts the deposits paid and cleared.
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dommyqqqqq
Contributor
Contributor

GOOD MORNING 

after four years of being with this branch they have done the same , i have asked on numerous occasions why . they keep telling me to check the policies , i can find nothing i did wrong especially as iv only brought a few items for myself , i also called their staff and she,staff could find nothing against their policy also , 

im not sure what i can do as they have over three thousand pounds of my money i put in to set up a business ebay shop , and now im in financial hardship this is now over four months they have done this , i feel discriminated against ,as maybe this is due to racial profiling which has happened to me before  im a law abiding care worker that looks after  adults and children with special needs so im not a gangster or a bad person 

im in belgium , so not sure what to do ,, 

 

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Margtexas
Member
Member
I have also had them hold my money for no reason
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Margtexas
Member
Member
Please let me know how to join the lawsuit.
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mrkimejamison85
Contributor
Contributor
Me too, I to have been lied to and misdirected. Some cases customer service Assistance won't answer your call.
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kernowlass
Esteemed Advisor
Esteemed Advisor

@mrkimejamison85 

 

This thread is nearly 5 years old, others similar threads are also old.

The reason? No one does anything because Paypal are legally allowed to hold funds for 180 days if you have been banned to cover any buyer disputes opened in that time frame.

You agreed to the user agreement when you opened your Paypal account and the hold on funds etc is in that agreement.

As long as you have not violated their acceptable use policy you should get the funds back at 180 days as long as the account is in your legal name etc.


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Philipsopiwnik
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Contributor
I want to sue them to for this they r constantly doing this
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Moesetkyaw1
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Contributor
pls help me that
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Sassysue77
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Contributor
I bought Bitcoin in 2020 PayPal froze my account and my crypto account for 2 years then just sold my Bitcoin without any explaining I got no answers
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