Comments on: The Top Three PayPal Rip Offs (That Can Be Avoided!) http://www.geekpreneur.com/the-top-three-paypal-ripoffs the inteserection of geek and money Fri, 03 Feb 2012 08:43:10 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: guillermo gilarhttp://www.geekpreneur.com/the-top-three-paypal-ripoffs/comment-page-1#comment-2690 guillermo gilar Tue, 29 Nov 2011 16:33:45 +0000 http://www.geekpreneur.com/the-top-three-paypal-ripoffs#comment-2690 There is another way to get even. Before closing account. place some Bid on high ticket time such as a Ferrari Sports Car then forget about it....... There is another way to get even. Before closing account. place some Bid on high ticket time such as a Ferrari Sports Car then forget about it.......

]]> By: anne stromberghttp://www.geekpreneur.com/the-top-three-paypal-ripoffs/comment-page-1#comment-2557 anne stromberg Sat, 04 Jun 2011 02:00:26 +0000 http://www.geekpreneur.com/the-top-three-paypal-ripoffs#comment-2557 As a small promotional tee shirt wholesaler (my retirement hobby) all my customers order items to be "decorated" by printing or embroidery. All my customers purchases are shipped directly to the printer (3rd party). Recently a customer whose order had been shipped, "decorated" and sent on by the printer, told his bank the charge on his credit card from my pay pal account was unauthorised.In spite of solid irrefutable documentation that he had indeed authorised the purchase, Pay Pal returned his money and I have no recourse. I now have a merchant account through my bank.So much for a trustworthy way to do business. Pay pal operates primarily for EBAY business and is not a good choice for small businesses like mine.........slow learner and poorer for it. As a small promotional tee shirt wholesaler (my retirement hobby) all my customers order items to be "decorated" by printing or embroidery. All my customers purchases are shipped directly to the printer (3rd party). Recently a customer whose order had been shipped, "decorated" and sent on by the printer, told his bank the charge on his credit card from my pay pal account was unauthorised.

In spite of solid irrefutable documentation that he had indeed authorised the purchase, Pay Pal
returned his money and I have no recourse. I now have a merchant account through my bank.

So much for a trustworthy way to do business. Pay pal operates primarily for EBAY business and is not a good choice for small businesses like mine.........slow learner and poorer for it.

]]> By: UBEThttp://www.geekpreneur.com/the-top-three-paypal-ripoffs/comment-page-1#comment-2554 UBET Wed, 25 May 2011 01:41:59 +0000 http://www.geekpreneur.com/the-top-three-paypal-ripoffs#comment-2554 Credit Insurance Fraud?I was selling an item to a person who won it from me on Ebay auction. Paypal charged the buyer's credit card, credited my account, and then arbitrarily reversed my credit, stating "something fishy" with the cc transaction. On this "dispute" Paypal alone thus openened unasked, they listed me as the only party who could resolve it. The choices they gave me were I could issue a 'refund' (of reversed funds??) or ship the item. I called them three times to get THEM to resolve the transaction, since only they have a problem with it. buyer gave me their home address and email, and went back in to their Paypal account to confirm the transaction, and sent me the date the money was gotten from that account. However Paypal will not release it to me. They asked all three times I called for shipping tracking, which of course I didn't have because I hadn't shipped. After my second phone call to them, they changed the status from "Seller must take action" to "Paypal is reviewing", but I have screen shots of the 'dispute' from when it was in the initial "Seller must take action" status. The 'dispute' shows actions taken by Paypal, and the only ones shown are that they emailed ME, never the buyer whose transaction they supposedly suspect. They were vague and wouldn't answer questions about what THEY were going to do next. They said some kind of credit insurance could be invoked, and I will be paid, if I ship now. As of now, they are still retaining the $51, which my buyer confirmed with them upon my request. I can see how, if i give in to Paypal and ship this item, and provide tracking, they could claim it on some kind of credit insurance they say they have, and also turn over to me the buyer's money they are retaining. I hope you understand that I think Paypal has done several unethical things already, and I only take the chance of being banned by them for reporting this, for the sake of retired people they might be using all the time in some kind of double-payment, credit insurance scheme. Credit Insurance Fraud?

I was selling an item to a person who won it from me on Ebay auction. Paypal charged the buyer's credit card, credited my account, and then arbitrarily reversed my credit, stating "something fishy" with the cc transaction. On this "dispute" Paypal alone thus openened unasked, they listed me as the only party who could resolve it. The choices they gave me were I could issue a 'refund' (of reversed funds??) or ship the item. I called them three times to get THEM to resolve the transaction, since only they have a problem with it. buyer gave me their home address and email, and went back in to their Paypal account to confirm the transaction, and sent me the date the money was gotten from that account. However Paypal will not release it to me. They asked all three times I called for shipping tracking, which of course I didn't have because I hadn't shipped.
After my second phone call to them, they changed the status from "Seller must take action" to "Paypal is reviewing", but I have screen shots of the 'dispute' from when it was in the initial "Seller must take action" status. The 'dispute' shows actions taken by Paypal, and the only ones shown are that they emailed ME, never the buyer whose transaction they supposedly suspect.
They were vague and wouldn't answer questions about what THEY were going to do next. They said some kind of credit insurance could be invoked, and I will be paid, if I ship now. As of now, they are still retaining the $51, which my buyer confirmed with them upon my request.
I can see how, if i give in to Paypal and ship this item, and provide tracking, they could claim it on some kind of credit insurance they say they have, and also turn over to me the buyer's money they are retaining.
I hope you understand that I think Paypal has done several unethical things already, and I only take the chance of being banned by them for reporting this, for the sake of retired people they might be using all the time in some kind of double-payment, credit insurance scheme.

]]> By: Dan H.http://www.geekpreneur.com/the-top-three-paypal-ripoffs/comment-page-1#comment-798 Dan H. Sun, 28 Dec 2008 04:21:13 +0000 http://www.geekpreneur.com/the-top-three-paypal-ripoffs#comment-798 Also keep in mind that if you get ripped off by someone not sending an item or a broken item etc... they will only refund your money a)when you jump through tons of hoops (hopefully within the small window of 30 days from purchase and upgrade the claim "after you arbitrate with the seller" within 20 days of dispute..blah blah blah)...andB) IF the seller HAS the money IN THIER ACCOUNT (yes, you know, the same account you've been telling that you are filling a fraud claim against!)If the seller pulls thier money in that 3-4 week time frame (as mine did) paypal sends you a nice email saying:Yes, you were right, they are scum, you win... but they have no money in thier account, so if they ever decide to add funds to thier account (the one we are about to lock, so they cant access).. then we will call you. :(Paypal is a monopoly and DIRTY THIEVES. :( Also keep in mind that if you get ripped off by someone not sending an item or a broken item etc... they will only refund your money
a)when you jump through tons of hoops (hopefully within the small window of 30 days from purchase and upgrade the claim "after you arbitrate with the seller" within 20 days of dispute..blah blah blah)...

and

B) IF the seller HAS the money IN THIER ACCOUNT (yes, you know, the same account you've been telling that you are filling a fraud claim against!)

If the seller pulls thier money in that 3-4 week time frame (as mine did)
paypal sends you a nice email saying:

Yes, you were right, they are scum, you win... but they have no money in thier account, so if they ever decide to add funds to thier account (the one we are about to lock, so they cant access).. then we will call you. :(

Paypal is a monopoly and DIRTY THIEVES. :(

]]> By: Dhttp://www.geekpreneur.com/the-top-three-paypal-ripoffs/comment-page-1#comment-32 D Sat, 08 Dec 2007 21:05:14 +0000 http://www.geekpreneur.com/the-top-three-paypal-ripoffs#comment-32 Note that as PayPal does not operate as a bank, it is nonetheless a part of a huge corporation. The more money on high budget accounts that they can freeze, the more interest on that money eBay can make (as if they were not double-dipping enough with seller fees on eBay and then merchant fees on PayPal all for the same transaction). Of course, they say that their account limitations are motivated by trying to keep everyone secure. But they often limit accounts randomly and with no explanation other than 'you have been chosen to under go an identity verification process for your own security.' After submitting your social security number, driver's license, copies of bank statements, etc., and waiting for over a week, they might then allow you to use your account like normal but probably only after you have submitted more information as if the previous fax of everything about you was not enough. (Any employee at PayPal with a penchant for ID theft has a gold mine at their finger tips daily.) Also, when you withdraw money, it takes longer for it to reach a bank account than with other merchant processors, even if you have had your account in good standing for years. The thing to watch out for are PayPal disputes, people disputing payments made. But this is very hard to do. People these days will dispute payments at the drop of a hat, even after receiving exactly what they paid for if they suddenly want to send it back for a refund. If you have a new PayPal account with a few disputes in a month, and especially if you are accepting a lot of payments, expect a limitation and expect it to occur when the balance is higher than average. These funds become 'theirs' until they release it back to you to withdraw or you wait 180 days if they decide not to lift the limitation on your account. Of course they benefit from all of this extra cash - if they did not, they would not be doing their job for shareholders. It is just another way to increase the bottom line while increasing 'online security.' OK. Sure. Note that as PayPal does not operate as a bank, it is nonetheless a part of a huge corporation. The more money on high budget accounts that they can freeze, the more interest on that money eBay can make (as if they were not double-dipping enough with seller fees on eBay and then merchant fees on PayPal all for the same transaction). Of course, they say that their account limitations are motivated by trying to keep everyone secure. But they often limit accounts randomly and with no explanation other than 'you have been chosen to under go an identity verification process for your own security.' After submitting your social security number, driver's license, copies of bank statements, etc., and waiting for over a week, they might then allow you to use your account like normal but probably only after you have submitted more information as if the previous fax of everything about you was not enough. (Any employee at PayPal with a penchant for ID theft has a gold mine at their finger tips daily.) Also, when you withdraw money, it takes longer for it to reach a bank account than with other merchant processors, even if you have had your account in good standing for years. The thing to watch out for are PayPal disputes, people disputing payments made. But this is very hard to do. People these days will dispute payments at the drop of a hat, even after receiving exactly what they paid for if they suddenly want to send it back for a refund. If you have a new PayPal account with a few disputes in a month, and especially if you are accepting a lot of payments, expect a limitation and expect it to occur when the balance is higher than average. These funds become 'theirs' until they release it back to you to withdraw or you wait 180 days if they decide not to lift the limitation on your account. Of course they benefit from all of this extra cash - if they did not, they would not be doing their job for shareholders. It is just another way to increase the bottom line while increasing 'online security.' OK. Sure.

]]> By: Shool Loan Guyhttp://www.geekpreneur.com/the-top-three-paypal-ripoffs/comment-page-1#comment-3 Shool Loan Guy Wed, 28 Nov 2007 00:39:35 +0000 http://www.geekpreneur.com/the-top-three-paypal-ripoffs#comment-3 Anyone who leaves thousands of dollars in their PayPal account is just asking for problems. Once you get that money in there, transfer it to a normal bank account. Good article, thanks. Anyone who leaves thousands of dollars in their PayPal account is just asking for problems. Once you get that money in there, transfer it to a normal bank account. Good article, thanks.

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