I've heard of PayPal freezing accounts for arbitrary reasons and refusing to allow people to access their funds. But PayPal administers millions of accounts, and if they just skimmed a few cents or even dollars from accounts by some algorithm so as to minimize their risk of exposure while bringing in the most amount of stolen money... How would we know any better?
I have a small trickle of money that comes into my PayPal account from day to day. Lately, I've noticed that the numbers associated with my recent transactions (including deposits minus the seller fees that PayPal charges) are significantly off from my balance, and I send my money to my bank account fairly regularly. So there is not that much room for errors of multiple dollars here, especially when ALL of the funds coming and going from this account are documented on the very same damned page.
Example: Let's say I transfer all my funds to my bank account and start over at $0 in my PayPal account. Then let's say I get the following deposits: $10, $5, and $20. Pretty obviously, my balance in this case SHOULD be $35. Instead, as I recently noticed in a similar situation, I had about $22. No additional expenditures that would show why any more money should be leaving the account. No explanation as to why the numbers might differ.
Nothing. Oh, and also, they are CONSTANTLY sending out emails updating their terms of agreement, and recently "upgraded" me to some other type of account without asking me.
(And PayPal is owned and operated by.....)
Am I the only one experiencing this?
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[–] CognitiveDissident5 0 points 1 point 1 point (+1|-0) ago
I will never use PayPal again EVER. They froze my account and stole my money about 6 years ago. Fortunately it was less than 50 bucks. They were one of the first to cut off services for people or small traders deemed guilty of wrongthink. Especially small traders selling natural health supplements. They're in bed with big pharma. It's a faceless company for which you can't find any phone number or address. The most annoying part was that they refused to close my account. They literally would not interact with me unless I agreed to their (new) terms and conditions, which I refused to do - that was why I wanted to close my account, because I didn't agree with the revised t &c. They are above the law,.like most corporations.
[–] AlternateSelection ago
Hate that you had to go through their bullshit like that. What are you using now? I use PP and Cash app. Would like to dump Paypal but it's used everywhere and very few people I know use Cash App. They definitely have a grip on the masses. Cash App is fast as fuck , btw.