I've had three accounts on Paypal limited. When they locked the first one, I had to open another. I have bills that come up due at the end of the month. If my accounts are locked, I can't withdraw money. If I can't withdraw money, I can't pay my bills. I believe Paypal is involved in large scale mass fraud. I believe they limit accounts, keep the money, and never refund it to the purchaser. I believe they've been doing this since they've been in business. There's no way for account holders to prove otherwise. I feel the best way to hold them account is to file a class action lawsuit against them on behalf of all those who've had their account access limited. I believe a class action lawsuit asking for the amount of 1 billion dollars would be adequate to compensate all those who've lost money due to Paypal's fraudulent business practices. I'm going to contact the Attorneys that handled the Citicard credit card foreign exchange fee and see if they'd take on the case. I figure if they can win against Citibank, they could easily win against a smaller company like Paypal. If you are interested, leave a message. I'd like to get a list of 100 or so names and numbers US people who've been screwed over by Paypal. I think having such a list will hold more water and show them that there is indeed grounds to sue. Thank you. lata.
The following lawfirm is who I'll contact. They specialize in class action cases. http://www.bergermontague.com/
They do not keep the money after they limit it. They will give you a chance to redeem yourself by requiring that you submit the necessary documentations. If you fail to provide the required documentations, your account would remain limited but you can withdraw your funds after 180 days. This gives the chance for your customers to request for refunds or chargebacks especially if the funds will fraudalently obtained. As long as you provide accurate information, you will be able to withdraw your funds.
So you have THREE accounts locked? Maybe you should take a look at what your doing wrong for it to happen and fix that ... if you don`t see or understand what you`ve done wrong for it happening, then you really should find out from Paypal and follow their rules/regulations ...
I have to agree with the others, you have no evidence other than you are pissed off after having blantantly violated the rules you agreed to by opening multiple accounts (the TOS clearly states you can only have one personal and one business/premier account). That is hardly cause for a class action lawsuit.
Paypalsucks.com FORMER employees tell it all. they HAND over your info to newly hired 19 yr olds!! THEY DO KEEP YOUR MONEY AND BLAME IT ONE SOMETHING!! read the employees thread about horror stories. SUE the support reps there the ones that keep your money from fraud. guess what, theres always that little "TOS" that kills everything
Any particular reasons why were the accounts limited in the first place? I think they will tell you what documents to submit to them and they will release it, they aren't the type to take your money, they are too big a company to do such things.
I have been using paypal since 1999 and have run hundreds of thousands of dollars through them without any fuss at all. In all these years, I have never once had to contact their tech support or have to open a second account, also, my account has never ever been blocked or suspended and I have only had to refund one person once. So, IMHO, I think you have done something wrong somewhere and you should backtrack before screaming blue murder.
That's what I was thinking as well. But then, many people here are kids, after all, who don't seem to know what they're doing.
Class action is no joke, just screaming for such a serious action without first indicating why they are limited in the first place is suicidal I doubt anyone would join in this.
ViralVideoMarket is right. If you've had 3 accounts blocked you're doing something wrong. Never the less I agree with you paypal sucks and they are borderline scammers. Besides starting a lawsuit you should check out this http://forums.digitalpoint.com/showthread.php?t=656900&highlight=hate+paypal. You can blow off some steam here we the other boys who are P-O'd
Google the words paypal horror stories and you will have all the proof that you need. I have been investigated, and do this for NO REASON other than for their own financial gain. When they are holding thousands of dollars, especially from high end sellers, and Ebay Motor sellers, you are talking about alot of cash that they profit from. EMAIL ME and I am in on a class action lawsuit, defamatory lawsuit too, as they send out emails to your buyers claiming investigation of fraudulent activiity. I DO NOT FRAUD PEOPLE by selling used baby items. Come on, be serious. You people are going to sit there and tell me that they randomly selected a person selling used baby items for fraud. When it happens to you NON-BELIEVERS, I will be laughing my butt off because you will see how it feels to be scrutinized and defamed. Not to mention, your account frozen with no access to the money that you rightfully made. EMAIL ME ON A CLASS ACTION AND I WILL DO WHATEVER I CAN TO GET THE EXTRAS YOU NEED. There are thousands of people who want in on it and I can provide the links.
Fighting EBay? get a good lawyer, or a few of them. And that isn't a great basis for a lawsuit. PayPal has tried to make its policies clear, and documentation is required for a money transmitter. Heck, they could even go national security on you.
Frankly you need a team of lawyers and lots of money. Best to get a few lawyers' advice before doing anything. Such cases tend to be complicated and long lasting. If I can recommend, I feel that the best way is still to try to negotiate on a win win basis with Ebay and Paypal, they are listed companies and aren't unreasonable, they have rules to follow. Litigation is the last resort.
I have a good lawyer, and guess what, he takes Paypal! I have already spoken to him and will follow his personal advice. However, even when following the terms of service, when you sign up for Paypal, you allow them control of your money. All I can say, is when it happens to you, I hope you follow your own advice.
You wont get anywhere. You violated their TOS by making more than one account. If you provide the necessary details your account will be unlimited, it is your fault for failing to do this. If you did nothing wrong your account would not be limited. Getting 100 people who have been 'screwed' by PayPal will not help. Millions of people use PayPal so 100 is NOTHING. You are wasting your time and money so stop dreaming. PayPal has never done me wrong. Ive brought over $100,000 through PayPal and have had $15,000 sitting in mine for over a month. PayPal has not scammed nor attempted to 'screw' one person, ever.
oh well , people must have done some voilation to get the account freezed or something , follow the correct rules but there are also bad things about paypal going here and there but hey its the only mean by which thousand of people all over world make web business , i am in us but my country people dont have credit cards that much so they use paypal , they make transfers from someone credit card and use it , and many designers and freelancer from so many country depend on it too
I personally haven't had this happen to me, but I do know it exists. A lot of people have had this happen to them, accounts limited and denied access to their own money. I think Paypal's practices relating to fraud detection are all wrong. Good luck with this lawsuit crusade, I hope you stick it to Paypal and help the thousands upon thousands of people who have been plagued with the troubles of Paypal. I do believe that the OiNK legal defense fund on Paypal was frozen not so long ago for a similar reason but they gained control of it back, but I think they lost money though that people had donated, not completely sure though. - Dwayne Charrington.
When Paypal freezes the funds, it is only for 180 days and once the 180 days period is up, they will allow you to withdraw your funds provided that you provide accurate information when you signed up. Many here who could not withdraw their funds are those who uses fake information to being with. It is not Paypal's fault when the member uses fake info. Paypal is very strict when it comes to their Terms and Conditions and Acceptable Usage Policy so if you are planning to use Paypal, make sure that you familiar yourself with all the contracts with you agreed to.
There's a reason they've never done you wrong buddy. If you have all that money coming through it's in their best interest not to. At the end it's a dirty business. My friend has around $5000 coming in through one of his online ventures. Can you believe paypal won't give him one of those custom check out carts he requested because they say he doesn't earn enough? Also think about it. If Paypal would screw over people with money they'd be in for a law suit for sure. They target people who don't have tons of money in the account because they know the people who aren't making a ton wouldn't have the time or funds for starting a lawsuit... So Paypal, for outstanding service performance and shitting on so many people I hereby present you with the Poo Award Of The Year.