More Tales from Buyers and Sellers of Frozen PayPal Funds

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More Tales from Buyers and Sellers of Frozen PayPal Funds

08-16-2007, 09:58 AM,

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mandy Offline

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More Tales from Buyers and Sellers of Frozen PayPal Funds

Quote:Even after PayPal settled a class-action lawsuit over its practice of freezing money exchanged in customer transactions and agreed to improve its responsiveness to consumers, buyers and sellers alike are still finding they are locked out of funds they are due, often without explanation or redress...

Bill from Lake Havasu, Arizona, said he sold an item on PayPal's parent company eBay to a buyer after he had verified their address, only to have PayPal freeze the funds and return them to the buyer without explanation.

"I went to my PayPal account to find that they reversed their payment to me and gave it back to the purchaser, who already has the item, " Bill said. "That was verified by UPS. They still have not given me a reason for their actions. All I know is that my account is in negative balance, and they should not have taken that money back."...

full article: http://www.consumeraffairs.com/news04/20...blems.html

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