All Paypal Users Need to Read this TOPIC !!!

  • avatar

    by: jimmy_huber
    SaleHoo Master Member
    2868 posts

    All Paypal Users Need to Read this TOPIC !!!

    Posted 7 Sep 07 6:49 pm.

    Dont be fooled by paypals claims of security. Like I was. They are lies and it is a frivolus attempt to get you to place your money in thier hands.

    They use these security claim to have full authorization to lock or limit your account.

    They have a user agreement that basically gives them the right to do whatever they want with YOUR MONEY.

    They recently froze the funds of my buyers group. We had over $23,0000 dollars in that account. They made every excuse to keep that money locked up even after we called and faxed them all the info they were trying to get. They then tried to ask for information that was not pertinent to our case.

    All the phonecalls led nowhere and all the emails were responded after 5 days with yet another runaround.

    I was one of the lucky few. I sent a reversal notice for all the members of the buyers group. BY LAW they had to agree. Not to mention paypal spies were watching a conversation I was having on link hidden forums site. with a attourney that was showing me how to file a lawsuit locally and I was about to file against paypal when they returned the funds.

    1 attempt to get me to believe that the lawyer was a fraud failed. I defended the lawyer and the person that tried to stop me deleted thier post. Right after that our money was retuned to the buyers.

    DONT BE FOOLED! I was not the only victim. So far paypal has victimized over 10,000 people. Dont be next on thier list. Paypal is not a financial institution, they hide behind thier useragreement.And are not FDIC insured.

    If you use them for small value I would say they are ok, But if you have alot of money in your paypal account expect future problems. Or if you become a high volume seller.

    Switch to link hidden

    Most ebay users know that paypal sucks at resolving issues. That is why most of them use credit cards to make ebay purchases. You wont loose much by switching to bidpay. But you will gain security of having your money dumped into your own account and protected by FEDERAL BANKING LAWS.

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  • avatar

    by: jimmy_huber
    SaleHoo Master Member
    2868 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 8 Sep 07 8:34 am.

    Anyone else have any bad incidents with paypal? Post it here.

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  • avatar

    by: fm1234
    SaleHoo Master Member
    517 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 9 Sep 07 12:08 am.

    Mine were horrible. $34,000 in my account locked for 'suspicious activit' that was never (and has never been) defined. It took over three years and a class action lawsuit (settled in 2004 for millions, not that PP advertises that very much.) I don't use them now unless I am in a position where I absolutely have to due to customer demographics.

    Frank

    "Failure is not when you fall down. Failure is when you don't get back up."

    --J.J. Luna

  • avatar

    by: ebookpublishingco-uk
    New SaleHoo Member
    2 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 9 Sep 07 12:57 am.

    I've had my account frozen by paypal twice, luckily only for a few hundred quid (UK, they released the account when I threatened legal action using some buzz words from a lawyer friend of mine. Each time there was no real excuse given by them. I now keep my funds at a very low level with them and have a second account with them for emergencies as my ebay sales are digital and automated.

    I always thought they were scammers before this anyway, but got lured with the ease of use. :oops:

    regards

    Justin
  • avatar

    by: rush4sale
    SaleHoo Junior Member
    10 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 11 Sep 07 5:14 pm.

    I had the same incident with you guys, paypal put me on a limited account access. Meaning i can`t recieved any payment, send or request money and close my account.

    The issue took place last July 27, 2007 when i posted my first listing at ebay. Since this is my first time (and very excited) i placed 10 listings all on the same category, luckily, on the very first day i closed two units then paypal call me telling me that i am not establish enough coz i only have 2 feedback. It is true, so i forwarded the documents paypal wants. It took me almost a week to settle that until the 2 buyer cancelled the order. I returned the payment and emailed paypal saying that 'there were no transaction being made for the 2 supposed buyer'. I cancelled the order to my supplier coz the two buyer backout and still paypal want me to produce the tracking number for the 2 units as proof of purchase (coz my account is on high risk, they say).

    I keep on telling them (on every department) that the transactions are cancelled and no delivery of the unit is being taken. Paypal told me: to be able for me to restore my account standing to normal, i have to produce that trackung number. i am so confused the way they treat the issue, and still the answer is to provide the tracking number.

    Hope to hear your advice guys. Many thanks. :(
  • avatar

    by: artpants
    SaleHoo Senior Member
    96 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 13 Sep 07 3:59 am.

    i think pp likes to freeze you when youve got a lot of money in your pp account, so if you are just regularly transfering smaller amounts into your bank account, then isnt the problem avoided?
  • avatar

    by: jimmy_huber
    SaleHoo Master Member
    2868 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 13 Sep 07 6:45 am.

    no ive had reports of even people with small amounts having thier accounts frozen. weve even heard of a company that had 2.2 million frozen by paypal. Nobody's money is safe with them. its just a matter of time. try checking out link hidden thier forums are filled on a regular basis with victims of thier scams.

    My personal belief is that paypal is the biggest scam site on the net. They have frozen thousands of accounts and stole millions from unsuspecting members. Its just a matter of time before they get shut down by the FTC.

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  • avatar

    by: rush4sale
    SaleHoo Junior Member
    10 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 13 Sep 07 3:15 pm.

    10Q guys, i`ll keep that in mind. you`re such a gr8 help. later.
  • avatar

    by: jimmy_huber
    SaleHoo Master Member
    2868 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 3 Oct 07 10:32 pm.

    Anyone feel they should think that paypal is not out to destroy you visit this link right here and see how many thousands of people have been ruined by them.

    link hidden

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  • avatar

    by: keebsuk
    SaleHoo Junior Member
    34 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 17 Nov 07 12:59 am.

    yes i am just starting out still trying to find suppliers, but i did make a mistake about 18months ago when i was giving selling laptops a go. As soon as I had money Paypal frooze the account I faxed over requested documents and I had to wait ages before it was opened again.

    Another time a friend of mine ordered something about
  • avatar

    by: GRBoutique
    SaleHoo Master Member
    289 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 17 Nov 07 1:12 am.

    Lessons for sellers is always keep records of tracking numbers so if a buyer filed a claim stating they did not receive the item they purchased, you can alway email them the tracking number and the date it was delivered. Yes paypal do suck because of the high fees and the horror stories people say that's why the alternative way is Bidpay or better yet, get a real merchant account like jimmy said. I do use paypal and bidpay as a way of payment but just a heads up to the new bidpay users, If an international buyer sends you funds, the fee percentage rate is 2.9% just like paypal. I just want to let you know that =)
  • avatar

    by: jimmy_huber
    SaleHoo Master Member
    2868 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 18 Nov 07 8:37 am.

    yes i am just starting out still trying to find suppliers, but i did make a mistake about 18months ago when i was giving selling laptops a go. As soon as I had money Paypal frooze the account I faxed over requested documents and I had to wait ages before it was opened again.

    Another time a friend of mine ordered something about

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  • avatar

    by: funkfoshannyn
    New SaleHoo Member
    9 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 26 Nov 07 7:26 pm.

    %^&*( those paypal $%^&*(
    they forced me to close my paypal account with $18000 in it after i sent various proof of shipping and original bill of sales/invoices
    all these for because 'high potential risk activity in your account'

    NO SHIT!! its my money n i want it do i leave it in paypal n let them spend it??!?!?!

    they jus full of it n find lame excuse to keep my money

    now my only question is
    if i start using bidpay, can buyer still pay using paypal to bidpay? wut about purchases

    my ebay is currently limited because of paypal. do i start a new account or can i remove paypal and keep the same account?
  • avatar

    by: jimmy_huber
    SaleHoo Master Member
    2868 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 27 Nov 07 5:00 am.

    No you cant. I dont even recommend using bidpay. I tried that route and they denied my first 3 bidders payments for stupid reasons. Dont waste your time forcing bidders to sign up with an account to pay for an item. If you have a merchant account and securnetshop cart. Thier info will already be added. they will only have to enter thier credit card numbers and submit.

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  • avatar

    by: iluvmykids
    SaleHoo Junior Member
    48 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 30 Nov 07 11:17 am.

    So wait a minute. Doesn't eBay OWN Paypal? And at first didn't Jimmy_Salehoo RECOMMEND BIDPAY? And now you don't after dealing with them? SO who do we use for payment then!!!???? HELP!
  • avatar

    by: jimmy_huber
    SaleHoo Master Member
    2868 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 2 Dec 07 9:04 am.

    So wait a minute. Doesn't eBay OWN Paypal? And at first didn't Jimmy_Salehoo RECOMMEND BIDPAY? And now you don't after dealing with them? SO who do we use for payment then!!!???? HELP!
    Yes I did recommend a switch. Then they denied my first 3 bidders causing me to close down all 3 auctions because thier security is just too high. Do you want to risk loosing good sales lets say you sell 500 items a month and bidpay denies 145 for unknown reasons. Do you want to risk even a small chance of those 145 bidders leaving you negatives because they could not pay for an item they won from you.

    Visit here link hidden this is the company I did sign up with and it has so far worked out great. I have full access and control of MY money. I dont have to worry about any frozen accounts or denied payments. And on top of that im saving a ton of money on transactions fees that paypal rips everyone off with. The security is top notch and if a payment is declined its for a good reason. Not because there is not enough info or because some idiot reviewing the transaction thinks something is suspicious.

    So far weve had 650 transactions for over 13,000 and only 1 credit card has been declined.

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  • avatar

    by: GRBoutique
    SaleHoo Master Member
    289 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 2 Dec 07 10:41 am.

    I disagree there Jimmy. Once Bidpay got the documents they require, All payments will be approved. I did have 2 transactions that was denied because they were asking me My Bank Statement, and a Utility Bill to Confirm I'm Legitimate and once they reviewed the documents I have sent them, they approved all transactions that I have including buyers from canada. Don't get me wrong, I am with you setting up with a merchant account but for those sellers that wants to know about bidpay's service, they are pretty cool and are better than paypal.
  • avatar

    by: iluvmykids
    SaleHoo Junior Member
    48 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 3 Dec 07 9:34 pm.

    Paypal sounds SCARY. What about GOOGLE CHECKOUT? NE1 try them????
  • avatar

    by: planes
    Forum Moderator
    843 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 3 Dec 07 10:59 pm.

    The problem with Google checkout is eBay doesn't consider them a secure payment option. Hmm wonder why.

    Maybe its because they know they will lose a lot of business if they allow them on eBay.

    Right now you cant say in your listing that you accept google checkout. You have to send them an email off eBays message system with a link to your google checkout.

    I recently had a problem with Paypal. I sold a nice laptop to a guy in WA. the buyer got cold feet and filed a dispute with american exprees which he used as his cc. he did this because he didn't get the laptop in 7 days as HE thought.

    Well he ended up getting it on the 8th day but Paypal doesnt care. They zeroed out my paypal account of 1600 bucks. The buyer felt bad and contacted Paypla and said he had reversed the dispute with AE but Paypal took their time of 2 weeks to resolve. Meanwhile I have buyers paying with paypal which just continued to be sucked-up by the 1600 hold. So I am scrambling to tell my buyers the problem and please be patient. etc etc.. SO I finally get my money and again am scrambling to ship items.
    I am happy to say I didn't get 1 neg but still I was running aroung with my head chopped off and thinking my eBay account is going to be destryoed as I just got PS status with 400 FB.

    No more. I am going to go with Jimmys advice. To hell with Paypal.

    I would not be surprised to see Paypal get canned by the feds and eventually eBay get bought up by Google.

    Really.
  • avatar

    by: dwaynex10
    New SaleHoo Member
    8 posts

    Re: All Paypal Users Need to Read this TOPIC !!!

    Posted 4 Dec 07 10:52 am.

    awww, the infamous paypal, i've had alot of problems with paypal in the past.

    link hidden
    (make money here)