I refused to disclose my annual income to PAYPAL and they froze my funds !

reply to post by boncho


Can you imagine the amount of money they are making off the float if they do this to many of their clients. Banks here in my state did this for years holding pay checks for 2 weeks sometimes 'to make sure they clear'! All the time investing that held money to make a percentage on the float! When checks bounced because of this they made money on the charges for insufficient funds at 35-50 bucks a whack!! They finally passed laws to stop it here. This could be a huge scam!
Zindo

Paypal is owned by ebay.

So in the end you have ebay and paypal dipping into your account.

They are double dippers.

Also they charge you for currency conversion. Whats there to convert, its not really money its just decimal symbols and numbers they have to minus or plus.

They should call this transaction fee's not currency conversion

Originally posted by boncho

Originally posted by sligtlyskeptical
It appears that you used false information (income) on their account forms. That is enough to shut down your account. I would advise if anyone else has a problem disclosing their income than do not write a note saying that you are lying. I usually check the box with the highest income. You get better offers in the mail that way.

That is absolute garbage. He stated he selected one box on a list of boxes but there was no other option. At the very least paypal should have called him and asked for the proper information. Instead they justify taking the person's money with this?

Actually he selected one of the boxes and wrote a note next to it saying his selection was untruthful. He posted a photo of the form in case you missed it.

I don't use PayPal for the same reasons, but I thik the OP set himself up for this.

I'm having problems with PayPal too. However mine is the fact that my account has ended up owing around £18 and every time I tell PayPal to take the money, they don't. I now have a debt collector sending me snail-mail for a bill that's less that £20. What a monumentally stupid waste of money when all they have to do is take the cash when I tell them to instead of waiting weeks.

Idiots. *grrr*

Rev

The legal notice you got from PayPal says you have multiple accounts. Is that true? Could it be that someone else has been opening accounts on your name/identity?

Paypal will freeze/lock you out of your account if...

The wind blows slightly more to the east on a Wednesday afternoon in June...

You need those funds to be able to eat one week...

Once every third weekend of an even numbered year you buy anything from Ebay...

Or you hit your Paypal Pay Now button further to the left than was acceptable...

On a serious note, I have had this occur a few times and every time getting it fixed was like trying to solve an algebra equation by chewing bubble gum. I switched to a prepaid debit card that you can get at any local grocery store and quit using paypal all together. I think a lot of folks have started doing the same thing. I hope you get it straight soon.

Originally posted by tauristercus
Continued from previous post ...


Just a short while ago, I received an email from PayPal stating that my account was now deactivated and my funds ($302) frozen indefinitely.

If you read this it will tell you why they closed it,you had multiple accounts engaging in activities against there policies.

Regards to all

edit on 30/09/10 by FeatheredSerpent because: (no reason given)

They cannot hold on to your money indefinately, that is called theft where I come from. Do you have small claims courts in Oz like in the UK. If so take them to court and make sure you do not settle outside of court as it will cost them a fortune in legal fees.

reply to post by michael1983l


We have a small claims court in OZ
The court of petty sessions I think its referred too.


But most importantly we a ombudsman

Originally posted by boncho

Originally posted by sligtlyskeptical
It appears that you used false information (income) on their account forms. That is enough to shut down your account. I would advise if anyone else has a problem disclosing their income than do not write a note saying that you are lying. I usually check the box with the highest income. You get better offers in the mail that way.

That is absolute garbage. He stated he selected one box on a list of boxes but there was no other option. At the very least paypal should have called him and asked for the proper information. Instead they justify taking the person's money with this?

Whoaahh Neddie,

They don't justify anything with this wrongful ticking...

He claims that in HIS opinion that is their reason for doing it.

We should pay attention to the text in his letter that PayPal had registered several account in his name and ONE of them was the critical point which is why they closed both/all the accounts until further notice.
They also clearly state that this is for a period UP TILL 180 days (more if required) - not minimum 180 days as written elsewhere in these posts.

PayPal lists three possible reason for this NOT anything about yearly income.

We are presented with some facts followed by some assumptions.

Why are we told that OP reluctantly created an account and then see in the letter that they have registered multiple accounts and that one or more is against policy?

"Personally, I wasn't too happy with this form of payment as I'd never used PayPal in the past and truthfully, just couldn't be bothered with going through all the hassle of setting up a PayPal account. Anyway, to keep the purchaser happy, I agreed to use PayPal.
"

reply to post by ZindoDoone


Paypal does this to 30% of vendor transactions:

As of December 2011, PayPal is embroiled in a controversy over their policy of holding 30% of vendor transactions for 90 days, which PayPal argues is intended to make funds available to customers in the event that a transaction is found to be fraudulent; to provide PayPal the funds to refund the seller. But PayPal has refused to provide information regarding the reasons particular sellers have been identified to have funds reserved. There is also criticism about the perceived arbitrariness of the 90-day waiting period, when customers have only 45 days to file a claim against a seller, and complaints about the fact that PayPal has not paid interest on the funds held back. Many sellers have surmised that the policy is due to a desire on the part of PayPal to use their funds for investing. There is a class action suit pending regarding the practice

For every $100,000 in vendor transactions, Paypal freezes $30,000 for 90 days. Hmmmm....

by any chance you haven't got spy ware or anything on your computer?

Or any chance you have just changed ISP's and have someones dirty IP, that they done fraud on ebay and paypal?

I know some people have been blocked from forums for no reason.

reply to post by Jean Paul Zodeaux


You think maybe I have hit on something??? LOL
PayPal has been a shady business since it's inception. Nothing would surprise me with Ebay and PayPal!
Zindo

reply to post by tauristercus

PAYPAL are legalized extortionists

There is no such thing as "legal extortion". If it is extortion, and you may have a strong enough case to prove it is, then it is unlawful. Assuming you've done your due diligence, or will continue to do so and not get anywhere with the "customer service" representatives, then file a verified complaint in Palo Alto California where the company exists, against its founders, Ken Howery, Max Levchin, Elon Musk, Luke Nosek and Peter Thiel for extortion.

Make sure you have sufficient evidence to prove extortion, because a verified complaint is an oath signed under penalty of perjury. Assuming you have the proper proof of extortion, it matters not where you live, you can and should have these racketeers imprisoned for their crime. Here is what the California Penal Code regarding extortion has to say:

520. Every person who extorts any money or other property from another, under circumstances not amounting to robbery or carjacking, by means of force, or any threat, such as is mentioned in Section 519, shall be punished by imprisonment pursuant to subdivision (h) of Section 1170 for two, three or four years.

Put the bastards in prison! Or, at the very least, make them pay back the money they stole from you plus damages.

PayPal lists three possible reason for this NOT anything about yearly income.

#3 covers violations of agreements. Lying on one of their forms would be considered violating an agreement. The OP is in this situation because they lied on a form. I'm not saying it is right or wrong, just what the facts appear to be.

Originally posted by FeatheredSerpent
reply to post by boncho

 

They will not take the money,have they refunded it to the buyer?If not they will be holding from both partys until they have finished there investigation.

May i ask was there a red flag on paypal next to the buyers payment?

Regards to all

The other part of the transaction was fulfilled though, the buyer received their merchandise. If they have refunded it to the buyer, they have taken it from the seller...

reply to post by sligtlyskeptical


Paypal would have to prove the O.P. lied in order to breach the contract. Can you prove the O.P. lied? I doubt it, and I doubt Paypal can prove it either. Failing that, a breach of contract is a breach of contract, and as I've stated earlier if the O.P. can prove this was over refusal to report annual income, this is indeed extortion.

reply to post by HolgerTheDane2


Good point, the OPs story and paypal's explanation do not match.

I suppose we do not have the full story. Whether it be a mistake on either side.

Originally posted by sligtlyskeptical

PayPal lists three possible reason for this NOT anything about yearly income.

#3 covers violations of agreements. Lying on one of their forms would be considered violating an agreement. The OP is in this situation because they lied on a form. I'm not saying it is right or wrong, just what the facts appear to be.

He didn't lie he just told them he makes 'At least' that amount of money. He might make more but that isn't relevant to the problem. He makes money and it's none of their business just how much that might be! He might actually make only $6,000 for 40 hours/365! He may make more with overtime. It's just not any business of these criminals! The transaction was fulfilled and that is the salient point!


Zindo

Originally posted by sligtlyskeptical

Originally posted by boncho

Originally posted by sligtlyskeptical
It appears that you used false information (income) on their account forms. That is enough to shut down your account. I would advise if anyone else has a problem disclosing their income than do not write a note saying that you are lying. I usually check the box with the highest income. You get better offers in the mail that way.

That is absolute garbage. He stated he selected one box on a list of boxes but there was no other option. At the very least paypal should have called him and asked for the proper information. Instead they justify taking the person's money with this?

Actually he selected one of the boxes and wrote a note next to it saying his selection was untruthful. He posted a photo of the form in case you missed it.

I don't use PayPal for the same reasons, but I thik the OP set himself up for this.

Actually, he checked a box and said the reason he checked the box was because he didn't feel paypal had a right to ask. That does not mean he does or doesn't make the amount selected in the box.

Last time I checked, Paypal is not a tax or government authority.