PayPal
Two-Week Holds Placed on Deposits Made to Buy Online Items

PayPal is known far and wide for its predatory and deceptive business practices and for failing to meet the needs of its customers, the ones who use their services and allow them to keep their doors open. One of their biggest scams is placing "holds" on deposits that people make to purchase items over the internet. I myself have deposited money into my PayPal account only to find out I have to wait two weeks to have use of my money. This is strange because PayPal removes the money from my bank account the very same day I make the transaction, and then their customer service employees deliberately lie to me and millions of other customers by telling us that the delays are caused by our banks, which is completely untrue. PayPal gets money from customers and then holds it so they can make money by using it themselves and denying us the use of our money.

Complaining to the Better Business Bureau does absolutely no good at all because the BBB is powerless and has no enforcement capability at all. PayPal simply ignores the thousands of complaints that are filed with the BBB against them each year. A better and much more effective way to deal with this is to file a complaint with the Consumer Protection Agency in the state where you live. Another option is to contact the FBI because, if a person lives in a state other than California, their behavior constitutes interstate wire fraud.

Yet another, even more effective option is to call the president of PayPal, Scott Thompson, and let him know how you feel. His telephone number is: 408-376-7400. Also, since PayPal and their parent company eBay are so closely linked, a phone call to the president of eBay as well would be worthwhile. If the Consumer Protection Agencies and the FBI get enough complaints, they will do something about these two companies. Good luck, everyone.

Company: PayPal
Country: USA
State: California
City: San Jose
Phone: 4083767400
Site: paypal.com

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