Paypal Sucks Why? Paypal Scam Why?

Paypal is the leading company these days for online transactions. But They also Do lot of scams with their own users.

I just scammed by them ..

Tried to withdraw 2800$ from my account To by bank account. Bank details were 100% correct . Getting paid by other companies using same information.

Now My account have just 2600$ 200$ is Scammed by Paypal.
So my suggestion to all Indians and Non US users. Try to Avoid Paypal specially For BIG Deals (More than 200usd). If you don't have any other option then Always request check from them Never try to get money via bank details.

Another scam : Current rate 1 usd = 46.72 Inr , Paypal rate = 45.11 INR. 1.5 Inr difference , bank charge just 0.60 inr for conversion..

If you have story for paypal scam so share in this thread.

People suggest me what to do now?

 

Just contact them over phone and ask that where is your $200.

And you should have used Wire Transfer for big amounts!

 

Already contacted them , They just said that 200$ was deducted because of Foreign exchange. I tell them that i entered the correct information of bank account. they just disconnect the phone.

i tried withdraw via bank transfer.. Well Biggest Lie by paypal Indian Bank doesnot Support USD Hhahhaha..

 

I never had such problems.
I have SBI bank account
and I often withdraw 1000 -1200 USD each month to my bank account.

 

me too have sbi account , but they create trouble.

 

They take a fee for depositing money into your bank account.

 

200$ for fees? Too high...
In our Country,I only need pay 38 usd

 

Today i just withdraw all money via check and i will close my account soon! , Fuck Paypal . Fuck Ebay!

 

The currency exchange rate is so ridiculous, I lost some money cos of their stupid calculation

 

yes but there are charges i think for withdrawal of huge amounts more than 100$

 

You are totally out of order in saying that paypal scammed you.
Your bank account is in inr your paypal account is in USD therefore you are bound to lose when the currency is changed from the USD into INR

I transfger regularly frm euro into GBP via bank transfer and the rate of exchange i get from the bank is always 2 or 3 points difference in favour of the bank.

Example
500 € at www.xe.Com rate 0.83475 would give me 417.375 £
500 € at bank rate 0.81475 would give me only 407.375 £
as you can see the exchange rate the bank uses is 2 points less than the www.xe.com middle rate.
This is a legal practice although we dont like it as we lose so much in the exchange rate.
Now add to this the bank charges from both the sending bank and the receiving bank for carrying out the exchange and you are very quickly losing a substantial amount.

 

I heard that they hang up the phone on retards as well. There are so many friggin indian freelancers out there using Paypal, if Paypal does truely scam people, Indians in this case, there would have been a class action against them by now.

Oh yea, saying the F word doesn't make you a man, really.

 

Ask the companies you work with to send you money with wire transfer, you get charged $20 but lot better than paypal tranfer.

 

I can only say that Contact them Via phone which is the best method and another thing is that why you started this topic here. This should be in the Paypal forum. Anyways good luck!

 

I withdrawn many times. But why you tried to withdraw large amounts. Go for little in more intervals. Paypal never scams anybody. We have to follow paypal rules.

 

Lol they didn't scam you they just pinched you of all your pennies.

 

I am always getting full amount of payment via wire transfer. like if i earned 5000usd or 15000usd they never charge me for payment via wire transfer.

 

Leave them. They are literally retards. It will be good if all of us starts boycotting PayPal.

 

I have heard lots of horror stories by them perhaps they are thinking that they can run away like this but i am sure they are going to face legal action one day

 

Amazing, i work with Hydra and Mediatrust, they both have $20 fee for Wire.