PayPal has locked my account and is holding $2600 of my money for at least 180 days! Yes, that is 6 months! They claim there is "unusual" activity on my account and that they are afraid of chargebacks.
I have had this account for over 2 years now and have NEVER had one chargeback or one dispute that wasn't settled quickly. I do not have a single complaint against me, nor have I for over a year! I have contacted the State's Attorney, the BBB, and now Ripoff Report.
I am self-employed and a small business owner. Them holding this money from me will result in laying off my workers, and it WILL significantly impact my ability to deliver to my customers on time and will damage my business.
If this is happening to me, I'm sure this is happening to many others. I would like to hear from anyone who has started a class action suit against PayPal, or anyone who would like to start a suit against them if they have done the same to you!
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