My PayPal horror story

[btvGainer]

Have they confiscated your money too?

Why do people store money in their PayPal accounts?
Surely you would want it in the bank where it is (slightly) safer?

Paypal is the leading payment processor. Major companies accept paypal for their goods and the ease of use is very convenient.

But whenever I spend money through PayPal, it uses my card.
I didn't even know PayPal stored money until I read some of the horror stories of accounts getting limited.

When you receive a payment,PayPal doesn't immediately transfer it to your account.They have different policies for different countries.For Indian users,they cant hold their money for more than 48 hours due to RBI regulations.In most of other countries,users have to manually withdraw their funds after a stipulated time and if some dispute arises in the meantime,they limit your account and prevent withdrawal

[fissionerosion]

oh be a pity

[Digital_Lord]

Have they confiscated your money too?

Why do people store money in their PayPal accounts?
Surely you would want it in the bank where it is (slightly) safer?

Paypal is the leading payment processor. Major companies accept paypal for their goods and the ease of use is very convenient.

think about what you just said, paypal is a payment processor, they specialize in sending and receiving money  and some people trust them enough to actually store money in their accounts
Banks on the other hand store money, their main job is to keep money safe

[iluvbitcoins]

Have they confiscated your money too?

Why do people store money in their PayPal accounts?
Surely you would want it in the bank where it is (slightly) safer?

Paypal is the leading payment processor. Major companies accept paypal for their goods and the ease of use is very convenient.

think about what you just said, paypal is a payment processor, they specialize in sending and receiving money  and some people trust them enough to actually store money in their accounts
Banks on the other hand store money, their main job is to keep money safe

Though, in a bank your money won't be frozen for 180 days unless there is some serious accusations against you

[beepboopbeep]

I had my paypal account locked just from ordering a debit card once. they can be so random.

[SerenaL]

I am annoyed with paypal because they do not allow withdrawls to my bank account or withdrawl by check in my country. It is a shame since a lot of freelance jobs online want to pay via  Paypal.

[iluvbitcoins]

Bitcoin is the ultimate currency, no one can take it away from you

And if you want buyer protection you simply use escrow!

[chanlance]

EITHER YOU TRIED UPGADING ACCOUNT TO BUSINESS ACCOUNT AND DIDNT PROVIDE NECESSARY DOCUMENTS OR YOU WERE USING A VPN THAT LOCKED YOU OUT.......

[iluvbitcoins]

EITHER YOU TRIED UPGADING ACCOUNT TO BUSINESS ACCOUNT AND DIDNT PROVIDE NECESSARY DOCUMENTS OR YOU WERE USING A VPN THAT LOCKED YOU OUT.......

Neither.

[FanEagle]

That why I would prefer using skrill. It makes me feel safer.

[iluvbitcoins]

That why I would prefer using skrill. It makes me feel safer.

Most people have PP, first we need to change the world, and stories like this are helping though

[xmaxbit]

I had lost a total of 8 usd for stellar and 8 usd paypal . The buyer made a chargeback and finally I talked to paypal cutomer care. Then paypal gave me 8 usd back, after that I am always cautious.

[CanIHazBitcoin777]

Lucky that i closed my accounts years ago, fuck them, they look like a bunch of scammers.

[mallard]

Lucky that i closed my accounts years ago, fuck them, they look like a bunch of scammers.

Look like? They are.

[CanIHazBitcoin777]

Lucky that i closed my accounts years ago, fuck them, they look like a bunch of scammers.

Look like? They are.

I`m not sure, it might be just incompetence and abusive power concentrated to monopoly corporations like usual.

Tons of people tend to abuse their power, it might not be premeditated.

[SerenaL]

I had my account limited in the past for 3 months. It was a nightmare.

[vlajce]

This needs to stay on top

[iluvbitcoins]

I had my account limited in the past for 3 months. It was a nightmare.

3? Isn't it 6?

[codishmumu]

PayPal has always been sweet to me. I think PayPal does what it can.

[timshibuyvcc]

There is so much that PayPal can do without justifying.

If you know how to navigate without pissing them off, you can last long.

Here is some sources to view:

http://www.aspkin.com/forums/paypal-limited/

http://auctionessistance.com/paypal-limitations-reasons/

http://complaints.paypalsucks.com/

http://www.ebay.com/gds/why-PayPal-sucks-/10000000004021271/g.html