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

Temp20220226P
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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

kernowlass
Esteemed Advisor
Esteemed Advisor

@RantEng 

 

Be careful you don't get a permanent ban as surcharging buyers is against paypal rules.

Secondly...


https://www.paypal.com/cshelp/article/why-is-my-payment-on-hold-or-unavailable-help126

https://www.paypal.com/cshelp/article/how-can-i-release-my-payments-on-hold-help129


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RantEng
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I don’t surcharge. I tell them up front that if they want to pay with PayPal, my invoice will be 3% more. If they accept that, my services are 3% more expensive. No surcharge.
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kernowlass
Esteemed Advisor
Esteemed Advisor

@RantEng 

 

That is surcharging.

 

https://www.paypal.com/us/legalhub/useragreement-full?locale.x=en_US#accepting-payments

 

No surcharges

You agree that you will not impose a surcharge or any other fee for accepting PayPal as a payment method. You may charge a handling fee in connection with the sale of goods or services as long as the handling fee does not operate as a surcharge and is not higher than the handling fee you charge for non-PayPal transactions.


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seven3ight6
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Contributor

They won't let me access my funds or refund them back to the sender, because they limited my account for no reason other than suspicious activity, which I've only had one sender l, my mother, and my account was only open for 2 weeks, with 3 transactions, there was nothing suspicious going on... It even says on my limited account that I'm allowed to receive money and refund money, but when I try to refund, it says I'm not allowed, I can never speak to a live agent about this because Everytime I try to it says sorry we have no love agents available right now, come back during business hours from 7am- to 10 pm I think, but ive calked every day this week mon&amp;fri stound 10am thru 6pm snd i get the same message I cant get any help, i feel like ive been robbed, i needed this money for food and gas im really struggling andits really not right to keep someones money from them for no reason, im [Removed] off and want them to pay or they will just keep doing this to more and more people if nobody puts a stop to it Stephan cox

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Kamobarbie82
Contributor
Contributor
I need em help getting funds released 8823 thats for rent and they perm limited my acct
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PayPal_Ajay1
Moderator
Moderator

Hello @Kamobarbie82  

Welcome to the PayPal Help Community and thanks for posting here!

I do understand your concern regarding your account being blocked. For the safety and security of the network, PayPal often review accounts for potential risks which may lead to a limitation being placed on the account, depending on what is found during the review, your account may become limited. Please check this article to know why there can be a permanent limitation placed on your PayPal account www.paypal.com/cshelp/article/help1175 .You can reach out to our team to know what can be done next or to get an understanding of the possible solution to the issue raised. Please reach out to the Support Team by clicking the contact us option at the bottom of PayPal page.

Hope this information helps,
Ajay
If you feel this or any other post helpful, please enrich the community by giving kudos or accepting it as a solution.

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seven3ight6
Contributor
Contributor
Upon signing upto pay pal and venmo they do not ask for a photo i.d not does it say anywhere that you need a photo i.d to access your funds. I set everything up got an account with pay pal and venmo, and, my cards were on the way to my address, everything was fine, my mother sent me 55 dollars to PayPal account, and as soon as I went to make a purchase, I couldn't and it said my account was li.ited to only receiving Money and REFUNDING money,but when I tried to refund it gave me an error message and said I couldn't refund which I have screen shots of the error messages and everything. Then I called them and asked why my account was locked limited and I couldn't refund my mother back her Money they wouldn't five me any reason. I demanded an explanation to why it was and the agent I was speaking with got mad at me and ended the call as quickly as possible telling Mr he was going to have someone else call me back on the matter but never did. I haven't been able to access my funds for 2 months on both venmo and pay pal its theft
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