10/23/2022
NO PAYPAL š”
Just throwing it out there . If your using PayPal for a business please read .
PayPal locked my account for violation of policies 5 months ago . I get it no problem but at least explain in writing what I did wrong . Well it had $12,500 in funds in the account . Paypal
Is judge , and jury on your account . PayPal locked the account for 180 days and with many phone calls they said no problem you will be sent an email around 180 days with instructions to be able to access your funds . No problem so we contacted them two weeks ago and they said it would be released on or around October 12th . I logged onto my account a few days ago and it said we had a zero balance . They transferred the funds to themselves for damages for use of acceptable terms violation . Basically taking the $12,500 and giving it to themselves without any written letter as to why . In calling them to discuss they stated it was for damages but could not explain what the damages were and said we would have to get an attorney that they could not and would not return the funds . Crazy how they charge you 1% to transfer funds and make money no matter how you get it but then decide even if you have a business if it doesnāt work within the parameters of PayPal they block you and keep your money .
Iām not sure in all the legal jargon how they can legally just take your money without any explanation . In reading on Redit and other forums they have done this to hundred of people and have a class A lawsuit pending for this practice . A few people I see have got the money only after hiring an attorning or filing in an small claims court . Iām just letting you know if you keep large amounts in PayPal Iād think twice about it .
My mortgage finance guy asked me not to transfer money around while I was buying my new house otherwise I would have never stacked up so much in PayPal . Look at me now . I will probably never get the money back but just wanted to share this experience .
Ps: I have had hundreds of messages of accounts of them taking money with no explanation . I have a website , shop sales , customer funds for jobs , and pay employees from PayPal . This isnāt the first time PayPal blocked me btw - it has happened multiple times when I had any back to back transactions for the same dollar amount saying it was suspicious activity . I have a dyno and run quite a few exact amount transactions doing dyno events at my shop . A lot of legit auto parts sales , dyno transactions , tshirt and hat sales etc. people think they know you but they speculate a lot . Btw PayPal owns Venmo so if you have Venmo your not in the clear . If you really need to use an app use ZELLE š.
Most famous line : there has to be more to the story lol. Everyone is a internet expert at the end of the day and since it didnāt happen to them they know all . Iāve had PayPal for around 10 years and never had major issues when I transferred the funds out regularly . My advise I guess just transfer your funds regularly and donāt keep large amounts in there . They probably wonāt steal $500 but if you stack up large amounts thinking itās safe thatās when they get you . Iām not perfect but at least if Iām in the wrong letās discuss and go our separate ways but taking funds without explanation and just hide behind the agreed services agreement is pretty ridiculous . People assume a lot and make some comments just to be keyboard warriors so why go back and forth with people that know everything thatās why just friends can comment. Regardless of the situation no one should be locked out like that. Iāve said my peace . Good luck to everyone that has reached out I really hope you get your money back . I will continue the route Iāve discussed with a few . Thanks again
Pss: All you girls that lost your onlyfans money stop messaging me for advise how to get it back . If I knew how to get the funds I wouldnāt have made this post .
