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Sent to a friend[8819] person - Contrary To Sellers' Belief - The BUYER is NOT protected by PayPal!!
The buyer is not AT ALL protected by PayPal. I received a notice late Friday afternoon (of course) stating my account was frozen because of "unusual activity" associated with my bank account linked to PayPal. (Funny, my bank has never considered any of my activities unusual, and PayPal wastes NO time in instantly ACH-ing (transferring) the money from my bank account into PayPal. They then went back 19 transactions for which they already cleared to the seller and put temporary holds on them. This pisses off sellers and keeps the money PayPal sucked out of my account "in limbo". They then asked for even more identification than any bank or government agency has on file: They now have copies of my passport (U.S. Citizen residing in the U.S.), my Driver's license, social security card, bank statement for account linked to PayPal and phone statement (for phone # associated with my PayPal account) - how disconcerting is that! All the while telling me they're doing it "for my protection" and telling sellers (who forwarded the communications to me, they were trying to help the sellers avoid "problematic transactions". The most unthinkable part of it all is, after PayPal had the money, cleared it to the sellers, then 2 days later "uncleared it" for a hold while they investigated all of these transactions, is that they froze the account, sent emails to my sellers and only then, after the fact, informed me via an email. (And this is a confirmed, verified, bank linked and credit card linked PayPal account!) Now, any normal institution would contact the consumer and say, "hey, we're concerned, is it really you making all of these purchases?" (But PayPal, according to many sellers I've communicated with, are telling me this is happening more and more all the time. So, in no way am I, a buyer, protected. I've been screwed by PayPal, who has my money, isn't releasing payment to the sellers, and I have no idea if I'll ever get the merchandise I paid for or my money back. (Again, you'd think it would be my bank or credit card company that would decide what is "unusual activity. Not PayPal.) No surprise they've had class action lawsuits against them and are facing scores of complaints made against them to various agencies all over the world! (No, the buyer is NOT protected. Sorry.)Posted 2 years ago
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Comments
- Paypal is not a bank, therefore they are not bound by the fed regs that govern banks...they get away with crap like this for that very reason. It's bad for sellers too. Paypal SUCKS!
Posted 2 years agoReport - FUCK PAYPAL THEY SUCK
Posted 2 years agoReport - Bad for sellers too! A buyer lied and said he had not received an item, however, the postal service recorded receipt of the package. Before even asking me, pay pal refunded his money and froze my account. If the money is not available in the Pay Pal account, they take it from the primary bank account. Now I am out of an item and the money!!!
Posted 1 year agoReport - Bad for sellers too! A buyer lied and said he had not received an item, however, the postal service recorded receipt of the package. Before even asking me, pay pal refunded his money and froze my account. If the money is not available in the Pay Pal account, they take it from the primary bank account. Now I am out of an item and the money!!!
Posted 1 year agoReport
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