Hello
I'm sharing this to raise awareness people need to know that PayPal is not trustworthy. By using PayPal you agree upon their unfair TOS and they will eventually take all your money.
I've successfully processed a total of $160000 through PayPal in a period of 2 years. They stole $23000 after holding for 180 days.
As you may already know PayPal can hold your money randomly for 180 days and put restrictions on your account. No matter what you are selling or for how long this will probably happen to you at some point. They have some vague policy that they call "Acceptable Use Policy" and they may arbitrary decide you have broken one of their rules and will not tell you what is wrong you have done exactly.
Till late 2019 it was known to me that after 180 days they release the funds and allow you to link a desired withdrawal method to take your money like any other payment processor. Recently and starting from late 2020 I have noticed that all my accounts got hold for 180 days. Now after 180 days passed they took all my money and didn't release the funds. You login to find your balance as zero and all your hard earned funds was transferred to PayPal with a description "Damages caused to PayPal by Acceptable Use Policy violation(s);."
If you ever try to complain you will run in loops with their lazy customer support departments for months and you will eventually understand they have already seized your funds without notice based on their sole decision. Recently this is happening with everyone, they obviously decided they will scam sellers for their money. I have attached some screenshots from some friends and business partners and I have a lot more from friends and business contacts who faced the very same situation. What I can see for sure they are scamming sellers from all countries. You can make a simple Google search for "Damages caused to PayPal be Acceptable Use Policy" you will find thousands of people sharing their story how they got scammed by PayPal. Everyone was running a different business type and they all got scammed the same way and never got their money back. There is a Discord server dedicated to this issue with hundreds of people sharing their stories and screenshots I can share the link here if @Admin approves.
It is understandable that a payment processor may craft their TOS to protect their business and hold money for 6 months to cover chargebacks. It is totally not acceptable for them to take the money after the 180 days pass. No matter what you are selling it is your hard earned money and not PayPal's money. Taking sellers money for damages without a court order is obviously stealing.
I believe anyone in a similar situation can only get their money back by suing them so if anybody knows if there is a class action law suit against PayPal or a unified effort against them please share it.
Thank you
I'm sharing this to raise awareness people need to know that PayPal is not trustworthy. By using PayPal you agree upon their unfair TOS and they will eventually take all your money.
I've successfully processed a total of $160000 through PayPal in a period of 2 years. They stole $23000 after holding for 180 days.
As you may already know PayPal can hold your money randomly for 180 days and put restrictions on your account. No matter what you are selling or for how long this will probably happen to you at some point. They have some vague policy that they call "Acceptable Use Policy" and they may arbitrary decide you have broken one of their rules and will not tell you what is wrong you have done exactly.
Till late 2019 it was known to me that after 180 days they release the funds and allow you to link a desired withdrawal method to take your money like any other payment processor. Recently and starting from late 2020 I have noticed that all my accounts got hold for 180 days. Now after 180 days passed they took all my money and didn't release the funds. You login to find your balance as zero and all your hard earned funds was transferred to PayPal with a description "Damages caused to PayPal by Acceptable Use Policy violation(s);."
If you ever try to complain you will run in loops with their lazy customer support departments for months and you will eventually understand they have already seized your funds without notice based on their sole decision. Recently this is happening with everyone, they obviously decided they will scam sellers for their money. I have attached some screenshots from some friends and business partners and I have a lot more from friends and business contacts who faced the very same situation. What I can see for sure they are scamming sellers from all countries. You can make a simple Google search for "Damages caused to PayPal be Acceptable Use Policy" you will find thousands of people sharing their story how they got scammed by PayPal. Everyone was running a different business type and they all got scammed the same way and never got their money back. There is a Discord server dedicated to this issue with hundreds of people sharing their stories and screenshots I can share the link here if @Admin approves.
It is understandable that a payment processor may craft their TOS to protect their business and hold money for 6 months to cover chargebacks. It is totally not acceptable for them to take the money after the 180 days pass. No matter what you are selling it is your hard earned money and not PayPal's money. Taking sellers money for damages without a court order is obviously stealing.
I believe anyone in a similar situation can only get their money back by suing them so if anybody knows if there is a class action law suit against PayPal or a unified effort against them please share it.
Thank you