Comments on: Paypal closes my account and holds thousands.

By: Michael Hiles

Michael Hiles — Mon, 11 Jan 2010 01:51:23 +0000

Sorry to hear this man. PayPal is for people who sell the occasional used DVD on Ebay, not for serious business people.

I strongly recommend PowerPay as a merch processor. They are Authorize.net resellers, but they were started by internet marketing people, and understand our business. I think I pay around $25 a month for reporting, etc... and the transaction fees are stupid cheap.

By: Steve

Steve — Wed, 18 Nov 2009 12:12:22 +0000

I have just noticed how slow payments are now when you try and withdraw your own money from Paypal – Two weeks ago it took an average of 3 to 4 days to hit my bank account – They have now introduced a rapid withdraw (they say 1 to 2 days) but charge £5 for it. Since introducing £5 t withdraw your own money ASAP -A SERVICE IT SHOULD BE ANYWAY AND FOR FREE. I withdrew £50 3 days ago and it still says pending in Paypal – this changes to completed when they actually initiate the Transfer – SO FOR 3 DAYS NOW THEY HAVEN’T EVEN INITIATED THE TRANSFER – WHEN THEY DO IT TAKES ANOTHER 4 TO 5 TO HIT MY BANK ACCOUNT.

Definition of Paypal and Ebay – Forever try and milk them for what you can get no matter what – simly put DISGUSTING a monopoly investigation is warranted – Please GOOGLE do an auction site so I can use my Googlepay.

By: blue2x

blue2x — Tue, 10 Nov 2009 13:11:07 +0000

This is a very informative post, maybe its best to keep your paypal balance to a minimum, so whatever happens, you won’t lose that much

By: Cathy

Cathy — Thu, 05 Nov 2009 04:45:21 +0000

Had a similar thing happen to me. I had been using Paypal for over five years as an ebay seller. Decided to upgrade the account, as I was expecting a larger volume of sales for the coming year… They froze my account. I had supposedly violated something in the terms of service (??) and that was it. No appeal. Nothing. They held about $1800 of mine for almost two months. I had fully expected to never see it again, though they suddenly unlocked it one day. I got my $$ out of there asap. I can’t believe I got the money away from them. I have read plenty of horror stories since then about people losing HUGE amounts of money. And there is no recourse.

Paypal sucks. I now use Alertpay, without problems.

By: jerrywhyte obamwonyi

jerrywhyte obamwonyi — Wed, 04 Nov 2009 03:21:43 +0000

thanks for relating the woes of ypal to everybody online, its long that i have been having extreme disgust for this so-called payment processor merchant that rely solely on the advent of sophisticated software proliferation

By: Maureen

Maureen — Mon, 02 Nov 2009 10:28:34 +0000

If I had enough power, I’ll wipe this payment solutions provider (PayPal) off the face of the earth! Hokus pokus…poof! Is PayPal still in existtence?

By: Making Money Online | Adsense | Adwords | Affiliate Marketing | Blogs » Blog Archive » PayPal Woes

Mon, 02 Nov 2009 07:38:58 +0000

[...] Here is the link to Brad’s website: PayPal Suspending Accounts [...]

By: dan:debtconsolidation-help.net

dan:debtconsolidation-help.net — Sat, 31 Oct 2009 15:07:40 +0000

So sorry to hear about what happened man. And thanks for sharing this experience, even though it’s a sad one. I will take your advice and make sure I don’t have much money with them.

I think if we all switch to other alternatives, they will check their brains.

Take care!

By: Jeremy

Jeremy — Fri, 30 Oct 2009 14:44:29 +0000

Sounds like a great opportunity. Screw ‘em and start your own payment system.

By: PayPal’s Fate Now Rests With Developers

PayPal’s Fate Now Rests With Developers — Sat, 24 Oct 2009 11:56:47 +0000

[...] intuitively simple and secure. Over the years, PayPal has gained some ground, but still has work to do. More importantly, it needs to win the trust of developers. It’s their creativity — and [...]