I received the following yesterday afternoon:
Hi Paul,
Liked your article. I have personally lost $1200 from using
Paypal as an eBay power seller. I had an eBay business
for 3 years. They just take the money and thats it. Nothing
you can do - its gone. From their perspective it's not your
money - it's theirs. Ebay also rips you off if your a seller
on a regular basis with their ridiculous fees. My seller fees
were often over $1000 a month.
When they get done Paypal works you over. On a sale for
$750, Ebay and Paypal will take over $150 with their fees.
It's highway robbery. They basically put me out of business.
It's a clever racket they have going. I got tired of it and
refused to pay the last $400 Paypal tried to steal.
A few years later I opened another Paypal account and used
it for two years. One day they seized all the funds from
the $750 sale on eBay and said I owed it to them from the
previous dispute.
Fortunately I transferred $500 out before but lost the $212
left in the account to them. So they really do suck and they
have a clever little monopoly going. Unfortunately a good
auction site has not emerged to challenge them with the
exception of Craigslist which I now use...
Ebay now caters to Chinese sellers who make all our crap
now. They call this a free market economy. Ha!
(Name withheld by request)
Today, much to my surprise, the same individual sent me this communication:
Hi Paul,
This is real interesting. I just got this email from Paypal this morning after I wrote you. They have not even bothered to email me since they froze my account and seized my money @7 months ago. So I go log in to my Paypal account and they let me transfer the remaining funds to my bank account...
Coincidence? Or are they monitoring your site and communications?
(Paypal sent this to the above this morning) Your PayPal funds are now eligible for withdrawal.
You may transfer the funds directly to your bank account via online bank transfer or you may request a check from PayPal. Please let us know how you would like to receive the funds by logging in to your account.
As a reminder, access to your account will remain limited until you perform the steps required to lift the limitation.
While access to your account is limited, you may:
* place logos into your auction listings or on your website
* update your account information
* withdraw funds from your account
You may not:
* send or request money
* receive payments
* add funds to your account
* close your account
Thank you for using PayPal.
Sincerely,
The PayPal Team
Hint to Paypal, its not Paypal's Funds. The fact that they tried to appease the above individual after he sent his complaint to me raises many questions. The Chief one being, "what did they know and how did they know it". What's next? Paypal hired thugs hiding in my bushes with slap-jacks and a roll of quarters? They stole $5200 from me after I wrote an article critical of Mitt Romney.
When politicians can persuade corporations to act against the interests of their stockholders and their customers its called Fascism. I don't believe in coincidence, by the way. Get away from Paypal before they do the same thing to you.
More in Next Article.
