We too no longer trust Paypal, and are currently setting up an alternative. We suggest all of you who are less than happy with the way Paypal and eBay operate to send formal complaints to the head offices both in the UK and Luxembourg, and also the UK Managing Directors - you can find their addresses on the web. The FSA originally told us Paypal were regulated by them but this is no longer the case. However complaints can be lodged with the UK Financial Ombudsman. If he receives enough of them, particularly with regard to refunds made from sellers accounts without proper cause, then action may well be taken. However, if no-one complains formally, then nothing will change. You should also complain to the Luxembourg Financial Regulators: Commission de Surveillance du Secteur Financier 1110 route D'Arlon L-2991 Luxembourg IA Paypal won't let me post the web address or email address of the Luxembourg Financial regulators here they are without the link: Website at www cssf lu - just put dots where the spaces are Email: direction at cssf.lu - replace the "at" with @ The FSA say: To make a complaint about PayPal to the Ombudsman you need to: * first complain to Paypal to give them an opportunity to investigate your complaint and, if appropriate, put things right; and * ask the Ombudsman to consider your complaint if the firm does not give you a satisfactory response within eight weeks. This is a link to the guide , 'Just the facts about making a complaint', which provides further information on the complaints procedure, including contact details for the Ombudsman: www.moneymadeclear.org.uk/pdfs/complaint.pdf
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