Is Paypal a scam?

[crairezx20]

You can contact their support via phone calls to them so that they can trace your problem about your paypal accounts..
I still using my paypal but i did not experience any problem for paypal.

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[bitlancr]

Indeed PayPal is a big corporation with millions of clients. As such, they have also employed thousands of people globally to handle the multi-million clients. One thing I realized about PayPal is that they don't have a centralized way of handling customer complaints. This results to a lot of confusion because one issue might be handled by 5 different customer service agents in different ways. That is why many people complain of incompetent staff. I also have a very bad experience with PayPal.

I can guarantee OP that paypal is not a scam, but the way they operate can be frustrating some times. I would rather use a creditcard then paypal because paypal has/had a very hard and strict policy against bitcoin. And that is exactly why I don't think they are a reliable party for my money.

[Yakamoto]

I have had an issue with Paypal and while I was trying to look for a solution on the internet, I came across this website (https://www.consumeraffairs.com/online/paypal_02.html) where everybody is complaining about Paypal. Most of the complains were actually similar to the one that I have. I thought Paypal is a credible company but now I have started feeling worried about my funds stuck in the accounts.

Can't really justify that Paypal is a scam just based off of that information. As for the funds being stuck in your account, it might depend on how you acquired them, or if you've done things with them in the past that might have been unsavoury from Paypal's perspective. There are a ton of variables.

[fravia]

No paypal is not a scam at all, users that use paypal might be scammers though

well of course it is not a scam if we think that everything they do is normal and that people shouldnt be worried about their money any time, but the reality is different

to be honest paypal has huge fees, not only paypal but all the banking system that is out there, they charge money for literally everything, thats why i hate them because it is kinda scamming

[Mallyx]

No paypal is not a scam at all, users that use paypal might be scammers though

well of course it is not a scam if we think that everything they do is normal and that people shouldnt be worried about their money any time, but the reality is different

to be honest paypal has huge fees, not only paypal but all the banking system that is out there, they charge money for literally everything, thats why i hate them because it is kinda scamming

I'm agree to say that PayPal isn't a scam.
When you're using the service, you must be agree with the policy, etc ... but the policy is so harsh that they can freeze your funds easily.
Then if they freeze your funds, you're like a small fish into the ocean.

Since I meet Bitcoin, I'll never step back into PayPal.

[Ayers]

No paypal is not a scam at all, users that use paypal might be scammers though

how? paypal offer protection for buyers and seller also, so if you buy but you receive nothing you will get a refund and his account will be red, for sellers usually they protect you from unjustified charge back, people think that you can simply do a charge back with paypal, but it does not work in this way

[Pattberry]

was there a problem with the funds you are holding in paypal, they have one of the worst rules regarding holding of funds and fund reversals if there is a dispute and so on and it would take ages to get a settlement from them, other than that i have not heard about a scam from paypal, they have closed accounts and freezed accounts before without any prior warning if they think that the funds are accumulated through illegal transactions. (pirated sites and stuff)

[Shiroslullaby]

Paypal is a reputable company.
But they are a huge company, and you have to agree to their terms if you want to use their service.
They are going to do everything by the book, so they may freeze accounts or seize assets if they think they have a reason to.
I had some situations with Paypal years ago (close to ten years ago now) and by calling and talking to the customer service and working with them,
I was able to get my account restored.

[Cereberus]

Paypal is a reputable company.
But they are a huge company, and you have to agree to their terms if you want to use their service.
They are going to do everything by the book, so they may freeze accounts or seize assets if they think they have a reason to.
I had some situations with Paypal years ago (close to ten years ago now) and by calling and talking to the customer service and working with them,
I was able to get my account restored.

That is exactly what I don't like about Paypal. If they think they have a reason they seize your assets or freeze your accounts. A business with a huge turnover should only act upon facts and not if they think they may have some reason. They have lost a lot of customers, one of them being me and I have switched to other payment processors.

In fact if you check their facebook page it looks like they are trying a desperate move to get many customers from India which they have until now restricted big time by not letting sending payment to them in some circumstances.

[amacar2]

Many thinks paypal scaming them with locking their account but i think they are actually trying to be in safer side in legal aspect. However i think they actually rob peoples charging high fees for even small transaction size.

[Rockie1234]

There are several reasons not to trust Paypal:
1. People having their funds locked without being told why
2. Them generally being suspicious about earnings from Bitcoin
3. Often locked accounts until ID is proven
4. Poor customer service in regards to this kind of thing

Stay away!

[hawkins]

I also feel that paypal is not a spam, but due to security processes owned paypal makes many people become confused, and eventually people began to think that paypal is something scam. but if they really know the workings of paypal, I think it would be easy for them to use paypal.

[jaysabi]

PayPal is not a scam. It's a business that has policies in place due to people using the service to attempt to scam. You can read that as "it's a business that enforces certain policies to protect itself." People confuse that with scamming, which it's not because they tell you exactly what you can expect in their TOS, which I'm assuming no one reads.

[Barbut]

People will complain on anything just to get some attention, but such big service as PayPal is probably have many users, and problems are part of every business, they have workers for solving that problems. I also don`t think they will lock accounts with no reason, that can harm their business, there is no logic in that.
Its internet service, and everyone here knows how many scammers there is on internet. I`m not surprised with stories like this one, people generally have problems with banks and fiat money. Like someone said, exchange you money into bitcoin and enjoy my friend.

[coinzat]

PayPal is a regulated service and they have a lot of restrictions to prevent any kind of money laundering or stealing. I believe you did not follow their rules that's why your account is limited

[trickshot22]

No paypal is not a scam at all, users that use paypal might be scammers though

of course it is not a scam and i dont think that it actually scams people because it was around for a really long time

[BitHodler]

PayPal is a multi billion dollar company that has its roots spreaded throughout most countries in the world.

It would be a very stupid thing for them to start scamming for low ball amounts since they make enough profits to satisfy their share holders.

[Doamader]

Paypal doesnt scam anyone, some people try to use it for hyips and similiar websites and they loose the funds at paypal because. In the past i lost 50 euros because i sold an game account and i had refunded the buyer, i tryed to dispute the transaction as the seller didnt resend the money, and i lost the account and the game.

[ObscureBean]

That is exactly what I don't like about Paypal. If they think they have a reason they seize your assets or freeze your accounts. A business with a huge turnover should only act upon facts and not if they think they may have some reason.

Reality check, there is not such thing as 100% certainty or 'facts', especially when the customer is a complete stranger that they've never met in person, operating from god knows where in the world doing god knows what. The best they can do is put a hold on transactions and investigate if they suspect foul play or criminal activity. That's the way the world has always been, sometimes innocent people get caught in the net but there's nothing that can be done about that, the world/system is not perfect.

[Palodar]

it's not that paypal is scamming people since they have a lot to lose. however, they work with ridiculous policies that gives them (according to paypal) reason to put your funds on hold for whatever reason. even when you haven't done anything illegal. that's why i don't use paypal. i am happy bitcoin came into my life.

That means that their security is strong and not easy to bypass, I think you will not have problem if you just follow their rules and policy and I object to the people who complained that they have some issue on paypal without doing anything that illegal. I think there's a story behind that.