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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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https://www.paypal.com/us/smarthelp/article/my-payment-is-on-hold.-why-is-this-happening-faq3297
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Just putting this here for information reasons. Not trying to throw a monkey wrench on law suit idea.
When we signed up for a PayPal account we agree to the 21 day hold and rolling reserves and any other holds, as discussed in the user agreement. Every time they update the user agreement, everyone has to agree or close their account. Imho, I would either follow their policy or close my account. We don't have to use them. There are reasons why they put holds on and ways you can get your money sooner. I understand why PayPal put the holds on and I have seen a lot of wacked out things PayPal users do to each other on here and PayPal is left holding the bag so a some crabs spoil the whole barrel.
Kudos & Solved are greatly appreciated. 🙂
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This thread has been ongoing since 2018, no one is doing anything because they know that they can't.
https://www.theverge.com/2012/10/17/3511792/paypal-class-action-suit-ban
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