Paypal
Told to Repay Spent Funds After $550 Payment Flagged Fraudulent

After selling an item, I received payment through PayPal in the amount of $550. I mention the amount because I have used PayPal many times for payment, but this was the largest transaction I have had. I received the payment and began using the funds. After I had spent over $300 of the payment money, PayPal informed me that they thought the money had come from a fraudulent account.

Now I have two questions. One, I was not informed for three days that they were checking the account that I received money from. Two, I thought the reason for using PayPal was to be safe from rip-offs? I did not send the item until I received notice from PayPal that the funds were deposited into my account. Once the item was mailed, I had no way of stopping it.

Now I am out the $550 that I lost on the purchase, plus PayPal says I must pay them back the money I spent from my account! They put a hold on my account so that I cannot get my money out. I think this is their problem, not mine. They put the money in my account, so they should be responsible for the rip-off, not me! What am I paying them for? I thought it was so that I could complete sales quickly and safely. But as it turns out, it was neither! I would never use them again, and I wish I had read all the sites on the web talking about what a rip-off they are and how unprofessional they are. Whatever you do, do not use PayPal! And if you already have an account, cancel it before they take your money too!

Company: Paypal
Country: USA
Site: www.paypal.com

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