Is Paypal a scam?

[carlisle1]

No Paypal is not a scam. Paypal is a legit business in which they are registered and trusted in the transfer of funds. If Paypal did bad thing they can be easily track down while in the fake companies you won't be able to track them down because they are not real. Paypal is 3rd in terms of online transactions it comes right after VISA and Mastercard.

that's right, and there's no way that the paypal could be considered as scam . they are now a big firm and they operated their business and services for so many years as it is now used world wide and because it is now a mainstream payment processor if ever there's something wrong with them it will become a hot topic especial on the other financial forum or whatsoever .

[thunderbitz2717]

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.

Paypal is not ascam company, it has been established for several years and being used too in the whole world, which means there are some customers by the paypal that maybe not satisfied with the services, but it doesn't mean it scam, no its not like that.

[wizmo]

Yes paypal is very strange. I lost many $$ due to their 180 days limit luckily we have bitcoins now to avoid problems.

[splitups]

No, it isn't a scam like that but:

- it hellish for any merchant selling digital goods, you would be losing a huge amount of money from disputes and chargebacks and possibly get locked if you are selling digital goods that can't be proven completely like games, subscriptions. BTC is of course one of the thorniest items since it's practically cash and the person can get double if did a dispute or even a CC chargeback.

- it's a waste of money to make a stealth PayPal with fake info, most of the complaints here are like that. if you get limited and you used fake info you wouldn't be able to get your money out of PayPal via bank after the long wait, and wouldn't be able to remove limitations.

There are credible complaints though, and that's probably the case with any Payment processor, if you use it as a simple customer I doubt you would have any significant issues though as hundreds of millions do and it's fully regulated within the US standards - if you have any big complaint, you could just file a lawsuit -.

[roadbits]

Yes paypal is very strange. I lost many $$ due to their 180 days limit luckily we have bitcoins now to avoid problems.

I don't think they are a scam because if that is true, then they wouldn't have grown to such a huge in an online payment system. As long as if you follow there terms I don't think you will face any issues because I'm using PayPal for almost 13 years and so far never had issues with them. I have done many transactions from big to small amounts.

[iv4n]

They are not scammers, they have high fee's, there is some strange rule's, depending from country where they operate, and there is always unsatisfied customers. Just because they have bad review from some people doesn't make them scammers, that is just need to be warning for others to read even small letters before they sign up for something.

[wizmo]

Yes paypal is very strange. I lost many $$ due to their 180 days limit luckily we have bitcoins now to avoid problems.

I don't think they are a scam because if that is true, then they wouldn't have grown to such a huge in an online payment system. As long as if you follow there terms I don't think you will face any issues because I'm using PayPal for almost 13 years and so far never had issues with them. I have done many transactions from big to small amounts.

I lost money many times due to charge backs even I've all the proofs paypal decided many time in buyers favor. Now I'm using bitcoins as payment no problem with it so far that's why paypal was not good for me.

[wxa7115]

Paypal is not a scam but if you are using it to accept payments then you must be aware that at some point you will need to send your info to them since they need to apply know your costumer policies, to this day I never had a problem with paypal since I only use it to buy things and not to sell.

[Bitcoinsummoner]

Yes paypal is very strange. I lost many $$ due to their 180 days limit luckily we have bitcoins now to avoid problems.

I don't think they are a scam because if that is true, then they wouldn't have grown to such a huge in an online payment system. As long as if you follow there terms I don't think you will face any issues because I'm using PayPal for almost 13 years and so far never had issues with them. I have done many transactions from big to small amounts.

I lost money many times due to charge backs even I've all the proofs paypal decided many time in buyers favor. Now I'm using bitcoins as payment no problem with it so far that's why paypal was not good for me.

Did you try to accept payment as friends.?
I heard that they can not reverse the payment if you are paying as friends or family like other said but never tested it yet..
I am also afraid right now to be scam.. buy this method.. many people are dealing with me in other forum..  with bitcoin.. they are still scamming even in paypal using reverse payment..

[wizmo]

Yes paypal is very strange. I lost many $$ due to their 180 days limit luckily we have bitcoins now to avoid problems.

I don't think they are a scam because if that is true, then they wouldn't have grown to such a huge in an online payment system. As long as if you follow there terms I don't think you will face any issues because I'm using PayPal for almost 13 years and so far never had issues with them. I have done many transactions from big to small amounts.

I lost money many times due to charge backs even I've all the proofs paypal decided many time in buyers favor. Now I'm using bitcoins as payment no problem with it so far that's why paypal was not good for me.

Did you try to accept payment as friends.?
I heard that they can not reverse the payment if you are paying as friends or family like other said but never tested it yet..
I am also afraid right now to be scam.. buy this method.. many people are dealing with me in other forum..  with bitcoin.. they are still scamming even in paypal using reverse payment..

Did you try to accept payment as friends.?
Yes. but it's still reversible.

I heard that they can not reverse the payment if you are paying as friends or family like other said but never tested it yet..
wrong. You can claim unauthorized payment. If you receive personal payment and get charge back not only you loose money but also your account get limited too.

Only option with dealing with paypal is to use middleman (escrow) when dealing on forums. Always say truth to paypal to win dispute is the only option to win dispute.

[richardsNY]

They are not scammers, they have high fee's, there is some strange rule's, depending from country where they operate, and there is always unsatisfied customers. Just because they have bad review from some people doesn't make them scammers, that is just need to be warning for others to read even small letters before they sign up for something.

Problem with a lot people that keep complaining about PayPal is that they haven't read PayPal's TOS which clearly indicates how they operate and what they expect from their users. I understand that people don't want to bother reading through entire pages with plain text, but I am sure that if they knew what they could expect from PayPal, that they either use it anyway and just accept it without complaining about potential annoyances, or they choose to use another payment service.

[Sled]

If paypal is a scam then why other users or even the concern citizen didn't file against the paypal. It doesn't mean that if you encountered a problem on paypal or their service doesn't reached your satisfaction then you can call them scammer. Nope, that is not how the market or online markets work.

[JL421]

For 3 years that i used paypal way back before,i will say that  Its not a scam ,cause i have not encounteted one to say that paypal is a scam. Paypal is the  most secure online bank  before till i met bitcoin.

I agree they are really secure but I feel that PayPal is more secured compared to bitcoin I may be wrong it's just my opinion. But yeah paypal is perfect for all the consumers or buyers it is really risky for the person receiving the money as paypal will do anything to help their users get their own money back even though sometimes buyers maybe cheating.

[lOvE mE forEvEr]

If paypal is a scam then why other users or even the concern citizen didn't file against the paypal. It doesn't mean that if you encountered a problem on paypal or their service doesn't reached your satisfaction then you can call them scammer. Nope, that is not how the market or online markets work.

A good opinion, I agree. I'm sure paypal is not scam, paypal's already vast range of businesses, many banks and credit card that gives the appreciation on paypal. And we must know that the paypal transaction is greater than the bitcoin.

[BitHodler]

If paypal is a scam then why other users or even the concern citizen didn't file against the paypal. It doesn't mean that if you encountered a problem on paypal or their service doesn't reached your satisfaction then you can call them scammer. Nope, that is not how the market or online markets work.

Most people thinking like that are nothing more than clowns. I am sure that a lot people here that talk down on PayPal in favor of Bitcoin haven't used PayPal at all.

PayPal serves its users exactly how they want it, which results in a constant growth of their user base. At this point PayPal has over 200 million active users.

That's quite an impressive number. Bitcoin as we speak has probably around 2% of that in users. In that case there is a lot catching up to do for Bitcoin.

[Fatanut]

Yes paypal is very strange. I lost many $$ due to their 180 days limit luckily we have bitcoins now to avoid problems.

I don't think they are a scam because if that is true, then they wouldn't have grown to such a huge in an online payment system. As long as if you follow there terms I don't think you will face any issues because I'm using PayPal for almost 13 years and so far never had issues with them. I have done many transactions from big to small amounts.

I lost money many times due to charge backs even I've all the proofs paypal decided many time in buyers favor. Now I'm using bitcoins as payment no problem with it so far that's why paypal was not good for me.

Did you try to accept payment as friends.?
I heard that they can not reverse the payment if you are paying as friends or family like other said but never tested it yet..
I am also afraid right now to be scam.. buy this method.. many people are dealing with me in other forum..  with bitcoin.. they are still scamming even in paypal using reverse payment..

Did you try to accept payment as friends.?
Yes. but it's still reversible.

I heard that they can not reverse the payment if you are paying as friends or family like other said but never tested it yet..
wrong. You can claim unauthorized payment. If you receive personal payment and get charge back not only you loose money but also your account get limited too.

Only option with dealing with paypal is to use middleman (escrow) when dealing on forums. Always say truth to paypal to win dispute is the only option to win dispute.

Not at all times especially in the buyer's perspective. Supposed that there was escrow and the deal was all went well but after a couple of days, you encountered problems with whatever digital good that you bought (thus, got scammed), you can't dispute the payment since Paypal cleared out that digital goods aren't included in their Buyer's protection policy.

And even if it weren't a digital good: If you dispute it, you'd have to explain that the payment from the person you're disputing payments from is just an escrow and another person was the actual one who scammed you. A lot of explanation have to be done.

tl;dr: The use of escrow in Paypal only gives advantage to the seller while not using an escrow allows the buyer to claim that it was an unauthorized payment.

[hawkins]

I think if a payment is not the most reliable on the internet to be a scam. it would make normal people say save your money on the internet, be very costly. but, I believe, paypal is not a scam. Well, I do not use paypal, but, at this time, which is able to compete with bitcoin, only paypal. so, I do not think that it would be a scam.

[wxa7115]

They are not scammers, they have high fee's, there is some strange rule's, depending from country where they operate, and there is always unsatisfied customers. Just because they have bad review from some people doesn't make them scammers, that is just need to be warning for others to read even small letters before they sign up for something.

Correct, the thing that bothers me the most out  of Paypal are simply the ridiculous fees you need to pay , that is why bitcoin seems like the best option right now to send money no matter where you are since the fee compared to paypal is still way lower.

[wizmo]

They are not scammers, they have high fee's, there is some strange rule's, depending from country where they operate, and there is always unsatisfied customers. Just because they have bad review from some people doesn't make them scammers, that is just need to be warning for others to read even small letters before they sign up for something.

Correct, the thing that bothers me the most out  of Paypal are simply the ridiculous fees you need to pay , that is why bitcoin seems like the best option right now to send money no matter where you are since the fee compared to paypal is still way lower.

If you're ebay seller then you should know that ebay sellers have very hard time selling products as they face lots of chargebacks and yes paypal fees is very high which makes sellers to earn very little profit.

[cpfreeplz]

They are not scammers, they have high fee's, there is some strange rule's, depending from country where they operate, and there is always unsatisfied customers. Just because they have bad review from some people doesn't make them scammers, that is just need to be warning for others to read even small letters before they sign up for something.

Correct, the thing that bothers me the most out  of Paypal are simply the ridiculous fees you need to pay , that is why bitcoin seems like the best option right now to send money no matter where you are since the fee compared to paypal is still way lower.

If you're ebay seller then you should know that ebay sellers have very hard time selling products as they face lots of chargebacks and yes paypal fees is very high which makes sellers to earn very little profit.

I remember selling a few things on eBay. After all of the fees I came out with such a fucking horrible deal. I lost money on it, badly and the asshole never even gave me feedback! I hate the place as a seller. It's so buyer friendly but if you sell you're completely fucked.