PayPal Resolves Dispute By Draining Your Bank Account

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How does PayPal resolve disputes that were settled in your favor? By draining your account, over and over and over again. :eek:

Four days later PayPal attempted three unauthorized transfers from my checking account and I incurred $87 in returned check fees. To add insult to injury PayPal sent me an email the next morning letting me know they had resolved my dispute in my favor. Six days later PayPal once again attempted three more transfers from my checking account racking up another $87 in fees.
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Screw Paypal, when my account got "hacked" it took me weeks to convince paypal to give me my money back. Hell, Chase Bank resolved my problem more than they did. With in 10 minutes Chase had my old bank account that Paypal was linked to closed and a new one opened.

I personally think paypal just hands out logins and passwords to "hackers" just so they can fuck with peoples money.
 
PayPal is evil IMHO. The act like a bank, but don't have to follow any of the regulations.

I dumped them years ago.
 
Get the paypal security dongle. At least it's another level of security a hacker must get through to have access to your account.
 
I had a lengthy issue with PayPal as well. As a result I unlinked my bank account, and there is no way I would give them access to it again.
 
az_max said:
Get the paypal security dongle. At least it's another level of security a hacker must get through to have access to your account.
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If you don't want to pay $5, you can also link paypal to your cell phone and require an SMS sent to your phone to be entered on the web site each time you log in.
 
Just wondering, any of you who have dumped paypal, what do you use instead?
Thanks.
 
az_max said:
Get the paypal security dongle. At least it's another level of security a hacker must get through to have access to your account.
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Heh, the problem is PayPal, not the hackers. You need a dongle to protect you from PayPal ;)
 
jeremyshaw said:
Explains the genmay subscription options.
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And my personal PayPal experince has anything to do with the site or the majority of our members?


By the way, I had a bad experince at Taco Bell, I will never go there again. All forum members are banned from there now too. :D

jeremyshaw said:
link it to your CC, so you can dispute charges when PayPal screws up (and they most likely will).
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Your bank can do nothing when PayPal freezes your account. Absolutely nothing.
 
Steve said:
And my personal PayPal experince has anything to do with the site or the majority of our members?


By the way, I had a bad experince at Taco Bell, I will never go there again. All forum members are banned from there now too. :D
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I'm seconding the second notion.
 
this is why you don't give them access to your bank account

I have a very good bank (Central Bank of Mo.) and the only access PayPal has is through my debit card. if they start their f$$kery its pretty easy to shut them down. and unlike an individual PayPal listens to back. So do other corporations. (just ask wicked lasers how that went)

I know a lot of people in the trade/sale forums don't like CC PayPal but your a fool not to protect yourself from PayPal.
 
Well Im not a fan of Paypal, but have never had any real bad issues with them in the many years I have used them. I would say, they advertise that they are the SAFE WAY TO PAY... um... not really. I had assumed they where there to protect me. Well they "sorta" try.. bad transactions they attempt to get my money back, some they have, some they havent. If the perp has no money in his account for them to grab, your not going to get your money back, simple. And most people who screw you know all this already.

paypal is just a simple way not to send your CC or a wait for check/MO to arrive... nothing more.. its not there to protect you in any way (even if they say they are).

personally paying $25 buck on a forum or Ebay with paypal is way better then paying $100 for somthing elsewhere. just gotta decide what the risk/reward level is. 10 + years for me.. out about $100 total from bad PAYERS, not paypals fualt. but saved many $1000's buying on ebay... damn i sound like a plant...

I have heard hundreds of bad stories, but really havnt thad any of the bad ones happen to me.. with that said, maybe I will join the paypal haters club tomorrow with a bad transaction, hope not.
 
google checkout works for me.

I try to use it instead of paypal wherever i can.
 
risqu3 said:
google checkout works for me.

I try to use it instead of paypal wherever i can.
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Google only initiates these payouts on business days, which for some reason not only excludes the weekends, but Thursdays and Fridays as well.

Google Checkout is kinda cumbersome, but it is better than PayPal... then again, a sharp poke in the eye is better than using PayPal imho.
 
Regardless who you use, if your provide trancode and accountto bank anyone you owe mony can draft without your consent. Directv for example, I was late getting they equipment back to them, and I had use a credit card to pay my bill directv charge my card for teh equipment. After they received the unit it tooks weeks before I saw the credit back.

Word of avise, any online purchases or bill pay and you want to use a credit card get yourself a prepaid one. Just load the amount and charge away, it not tied to any of your personal info.
 
Paypal -> Credit Card. No bank account.

I do like this idea of an SMS though. Might have to look into that.
 
Something very similar happened to my Fiancée.

Paypal pounded her checking account with the same charge repeatedly resulting in ~$700 in overdraft fees for a $3 charge...
 
The PayPal building would make a good target for practice with all of those old battleships we have sitting around...after that, they can be parked outside of Somalia's territorial waters. :D
 
I had my paypal account hacked a few years ago.

Before I noticed a problem, a Paypal rep called me to ask about the suspicious transactions, and immediately stopped and reversed them when I confirmed I hadn't done anything.

I am still skeptical/nervous about their reputation for doing things like the incident described in the article, but hey, it's not all horror stories.
 
whrswoldo said:
I had a lengthy issue with PayPal as well. As a result I unlinked my bank account, and there is no way I would give them access to it again.
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I did the same thing years ago. Got screwed by them over 1200 bucks....will never give them ym bank account again. CC all the way, least I am covered if something goes wrong during a paypal transaction.
 
I've been meaning to get a separate bank account for ages just for paypal. Haven't gotten around to it, though. That way at least they can't drain your main account.
 
Paypal A-L-W-A-Y-S settles in favor of the big guys. If you have 150 transactions, 100% and buy from a guy who is 97% at 100k transactions, they will just throw your claim into the trash.
 
Hearing all these horror stories about PayPal has got me scared, and PayPal claims they are the safest way to pay, yeah right. All these bullshit scams and frauds has got me paranoid. PayPal needs to get off their asses and introduce a better system to minimize fraud and scammers.
 
I'm gonna have to go with Steve on this one, PayPal is the financial devil it seems to be. They have a monopoly on letting regular users (not full-time merchants) accept CC and bank payments. I do not know of another system that lets an individual who is not a full-time merchant be able to accept payments as such.

I blame Google for not catching on to this phenomenon and making Google Checkout capable of the same for your regular people who sell a couple things here and there a year.
 
John Vuong said:
Hearing all these horror stories about PayPal has got me scared, and PayPal claims they are the safest way to pay, yeah right. All these bullshit scams and frauds has got me paranoid. PayPal needs to get off their asses and introduce a better system to minimize fraud and scammers.
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just get a good bank and use their debit card. has worked twice for me now.
 
This is one of many reasons why NOBODY should use paypal... They took me to collections because i was ripped off and filed a reversal on my CC. I lost the claim because he simply provided a tracking number. Nevermind that the box was empty...

The police where useless, paypal was less than useless, the card provider was ore than happy to help. Fuck paypal.
 
I've never had a problem with paypal.... probably only because I used them a small handful of times. Sounds like they leave it to artificial intelligence to resolve problems.

LeninGHOLA said:
I don't buy things, I make them out of soot and poo. Saves me tons.
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and ear wax for a shiny finish
 
PayPal tried this crap years ago with my and my Wife because of an eBay deal that went awry - I sold a laptop to someone with explicit details in the actual auction over the condition of the laptop, detailed high resolution photos of the condition, etc. The buyer got it, decided he didn't "like it" enough to want to keep it - no physical damage, no defects, in perfect working condition, seriously - and figured "ok, I'm going to return this and that's that" and I laughed and said "No, the return policy as stated in the ad is "Product is sold as-is, in perfect working condition, no returns accepted except for DOA products" which it wasn't because he used it for several days.

Just decided "I don't want it anymore, now gimme my money back" and I said "No."

PayPal, as they always do, sided with the buyer, decided to force a refund by draining the purchase price and a fee from our bank account, without my authorization to do the pull, hence a 2 month long battle with them to recover the funds, and then a protracted skirmish with our own bank which we've had an account with for 20+ years to have them permanently block PayPal from doing anything with our account, etc etc

A nightmare, basically.

So while I see stuff on fleaBay that I would love to buy sometimes, at great prices, I can't and end up asking friends or clients to make a purchase on my behalf and then pay them cash in the hand as I'll never be able to (nor would I willingly do so) use PayPal again. Greedy scumbucket money grubbing bastiges...
 
fuck paypal.

and i wish there would be a website that could compete with ebay.


It sounds like the safest thing to do is to unlink your bank account when you are not using paypal. Then link it up again when you need it.
 
I have thought about using those pre-paid credit cards and refill through my bank whenever I need to buy something so paypal cant pull this shit, anyone ever tried this?
 
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