PayPal - Icash
Investment Returns Reversed Until All My Money Was Gone

Internet & Web

PayPal took every dollar I had. Icash.Us told me to set up a PayPal account so it could pay out the returns on my investments. I did that and made four investments. Each of the four returns landed in my PayPal account for exactly the amount icash.Us promised, so all seemed fine. Then on a Friday evening, January 27, I saw that two of those returns had been reversed. I told PayPal, which answered that those transactions were not protected and so were reversed. After that PayPal went on reversing every transaction I had received until my balance was zero.

I mailed PayPal, through the post office, all of the transaction details and receipts, a full record of my activity, for an investigation. The sole reply I got was that the transaction was illegal. I also spoke with one man who had sent me money. He said I had stolen from him and demanded it back. When I asked how he got my phone number, he said my name, number and address were on file at his bank in connection with this illegal transaction. I never gave icash.Us any of this, because it was strictly a transfer from one account to another. That information must have come from PayPal.

All the money went back to those who had funded me, and I lost mine. That hands them both the money I invested and the returns paid back to them, a double take. I am still fighting PayPal over this. How can PayPal permit something like this? It seems someone can get into an account, withdraw money and move it to another account. PayPal ought to protect you from this. Instead it portrays me as the bad guy making illegal transactions, and says it has every right to take my money.

It is a shock, and the whole thing is crazy. The bottom line, people: PayPal is unsafe whether you invest or run a merchant account. This is happening right now and has been for quite some time. Look up icash.Us online and judge for yourself, but do it fast, because I learned that icash.Us is trying to sell its website. They will likely launch a new site under another name to steal your money.

Even if you do not invest, these people know how to get into your merchant account and rob you. Stay safe by keeping your money in your bank and your PayPal balance low, which might help keep the thieves out.

PayPal is truly unsafe. Spread the word.


Company: PayPal - Icash
Country: USA
Site: paypal.com
  <     >  

RELATED COMPLAINTS

PayPal
Buyer's Payment Reversed Four Days After Ticket Sale on eBay

PayPal
Held My $270 Transfer for India Purchase for Seven Days

Paypal
Refunded Money Never Reached My Checking Account

PayPal
Money taken from debit account instantly but refund took forever

Paypal
Account Limited for Being Linked to Other Violating Accounts

PayPal
Money Held Six Months After Account Limit, Won't Send Overseas

LivingSocial.com
CANNOT REMOVE Automated payment via PAYPAL

PayPal
Balance not credited to my bank account, money kept instead

PayPal - Paypal.com
Funds reversed, one account negative and one inaccessible