Paypal sucks

[WFO Speedracer]

I have had a Paypal account for probably 20 years now, no real issues to speak of, it was a personal account and I usually left no money in there for any length of time.

You are allowed two accounts, one personal and one for business, on November 14th of last year I opened a Paypal business account , since I am planning on selling a bunch of stuff this year I thought it made sense,

Of course with the hip replacement going on I didn't do much with the account yet , I opened it , I sold one item, and made that one transaction into my account , since the account was new and had very few transactions they held my money for 21 days, ok fair enough they are trying to make sure I am not a scammer, I get it , they sent me a Debit card , after the 21 days was up and I tried to retrieve my money from the ATM.

The ATM did not recognize the debit card so the money sat there for longer that I would like, I have not linked a bank account to the account yet .
Looking at my Emails this morning I see a notice from them where my password was changed, I go to my account and sure enough I can't get into it , I change the password and open the account , the money is gone and was transferred to some bank account in Chicago.

They also attached a credit card to my account and it looks like possibly a gift card as well.

There was one weird transaction where someone sent me a bill and then canceled the transaction, I have no idea who or why as I have not used the account to buy or pay for anything , I believe this is how they accessed my account , luckily we are not talking about a large sum of money here.

Now this is just my thinking but being a business account you would thing their security would be a little tighter than this , I am going to check and see if I can get two step verifications put on my account , of course they are happy to help and I should have my money back withing 45 days.

I hate scammers and thieves , in my mind they are the scum of the Earth !

 

[Myself]

Have you seen videos of the computer tech dude that keeps scammers on the line while he hacks into their computers and deletes all the files? It's great! We need whole teams of these guys intercepting scams and taking care of them in the same fashion.

 

[WFO Speedracer]

I had to dive back into my Paypal account and physically remove the bank and two credit cards from my account, they have my address listed on those, I also checked my Credit Karma to see if any accounts had been opened in my name, there were none, not sure what is going on here just yet but it's weird.

 

[Myself]

Normally the POS scam artists access your stuff though e-mail. NEVER open anything related to your banking/finances through e-mail. If you see something, go directly to the site and sign in and check on stuff. I don't know how many times through the years I've had various finance related stuff show up in e-mail that's a scam. They even make their page look EXACTLY like the legit page. On a desktop/laptop you can usually just hover over an e-mail and see the web address it came from. I've not had problems with either of my Paypal accounts and I use their credit card doo-hickey too. I HAVE had my regular bank account accessed a couple different times. BOTH times, the bank held payment until they talked to me, and BOTH times I had been using my card while on vacation. I assume some shady bastid working at a gas station or something.

 

[WFO Speedracer]

It just seems really weird they would link accounts to my Paypal, and leave them on there , are those not tracible , especially the bank account ?

Maybe this is a stupid scammer IDK at this point , I am hoping Paypal can shed some light on it , they are supposed to let me know by the 15th.

 

[WFO Speedracer]

Just a heads up it took a minute but I got my money back and I immediately got it out of the Paypal account , I also put two party verification on my accounts , I am not telling anyone what to do but if it can happen to me on a brand new account with one transaction and no bank account or cards linked to the account then it can happen to you , just think about what you have linked to your Paypal account .

 

[Mdavies_02]

Just a heads up it took a minute but I got my money back and I immediately got it out of the Paypal account , I also put two party verification on my accounts , I am not telling anyone what to do but if it can happen to me on a brand new account with one transaction and no bank account or cards linked to the account then it can happen to you , just think about what you have linked to your Paypal account .

Out of curiosity was your password robust? I've been paying for a password manager for a few years now however I am lazy and only really update passwords as they get compromised. Just wondering if its about time I sit down and update them all with passwords like this.... Z1n5n#8h6r8CxhuNFShh

 

[Quinc]

Out of curiosity was your password robust? I've been paying for a password manager for a few years now however I am lazy and only really update passwords as they get compromised. Just wondering if its about time I sit down and update them all with passwords like this.... Z1n5n#8h6r8CxhuNFShh

 

[JC-SuperJet]

Even Password Managers can get hacked. Happened to a Friend.

Only have to hack in one time and they have ALL the passwords for ALL your Accounts in one shot.

Talk about panic and a sense of doom...

 

[WFO Speedracer]

Out of curiosity was your password robust? I've been paying for a password manager for a few years now however I am lazy and only really update passwords as they get compromised. Just wondering if its about time I sit down and update them all with passwords like this.... Z1n5n#8h6r8CxhuNFShh

It didn't matter in this case , they accessed my account and changed my password, I am guessing through my email account, I put two part verification on the Paypal and the G mail accounts.

I am bad about not checking my email accounts daily , if I had I would have caught it sooner.

To me the brazen part was attaching their gift card and bank account to my Paypal account, how can that bank account not be traced back to who owns it ?

 

[Myself]

It can, but they're likely in the UK where we can't get anything done about it anyway.

 

[WFO Speedracer]

They might be , who knows but the bank account was listed in Chicago

 

[WFO Speedracer]

Next rant Autozone :

So I get an email today with great news, now I can earn rewards much faster, you now only have to spend $25.00 three times to earn $10 credit , before it was $20 five times and you got $20 credit, so lets do the math really quickly shall we , I now have to spend $15 to get $20 in credit, and they act like this is a good thing but it's shrinkflation just like everything else, you are getting less for more money and they try to convince you it's a great deal and to your benefit, total BS.

 

[Sparkplug]

I've used the same password base for my entire life. It's 3 different words. With a number. And symbol. The words and number involve my life experience. I've never had any sort of identity fraud or passwords be hacked.

 

[WFO Speedracer]

Just saw this this morning :

Alarmed by a surge in fraud draining bank accounts through popular mobile payment apps like Venmo, Cash App and Zelle, Manhattan District Attorney Alvin Bragg, Jr., has sent scathing letters to the CEOs of each company, demanding immediate action to protect consumers.

In the letters, Bragg described the crimes as involving an unauthorized user gaining access to unlocked devices, then stealing significant sums of money from bank accounts by making purchases with the mobile payment apps and using financial information from them to open new accounts.

Citing statistics and personal stories of financial hardship, Bragg put the onus on the popular peer-to-peer payment apps to tighten security measures. "No longer is the smartphone itself the most lucrative target for scammers and robbers—it's the financial apps contained within," Bragg told Newsweek.




"Thousands or even tens of thousands can be drained from financial accounts in a matter of seconds with just a few taps," he said to Newsweek. "Without additional protections, customers' financial and physical safety is being put at risk."

 

[WFO Speedracer]

More Paypal drama , so I opened a business account since I intend to start selling off my Jetski -Seadoo parts stash , it seemed like the right move this way I can keep the money separated making it easier come tax time , so I sold one part before the surgery when I did they held my money forever but I did finally get it.

Fast forward to about a week ago , I sold a member here a part.

. Paypal accepts the payment then flags my account , they now want a copy of my drivers license , my social Security number , the address where my parts are stored , the tracking number for the parts and they want to know how my business works etc, etc and etc.

We had a phone conversation yesterday , I can guarantee whoever I talked to does not want to hear from me again, I was finally able to upload my license yesterday , I had already provided the other information.

This morning I look on my account and they want everything except the license uploaded again , what they did was withheld part of my payment , according to them $200.00 of that payment is available in my account , the conversation we had is how is this money available, I can't forward it to my bank , I can't get them to send a check and I can't use it purchase anything, I wasn't even able to use it to pay the postage on the part I sent out , I had to pay that out of pocket.

The guy kept saying you are taking available literally , yes I said either it is available or it isn't , there isn't some kind of dreamworld where it is in between the two , then he started going on about how I wasn't a trusted seller yet, I asked him how many transaction or how much money do I have to accept to be a trusted seller , he couldn't answer that question.

Bottom line is this , Paypal plays silly little games with your money, the longer they can keep it the longer they can make money off of your money, Paypal sucks.

 

[WFO Speedracer]

Ok I had to resubmit everything yesterday except for the license , today they hit me up with questions about where I got the item to sell , they wanted documents showing where , when and how I purchased the item I sold , none of that is going to happen , as I told them I don't buy ski parts I buy complete skis, if I can repair them and sell them I do, if that's not possible I use parts off of them on another ski or sell parts off the skis to someone else, these fools are about to get on my last damn nerve !

About every two days they ask for more information, then tell you they will review your info and get back to you in less than three days at which point they ask for more information , why I ever thought opening a business account was a good idea I have no idea.
.
I am pretty damn sure I will just close this business account after I get my money out , I never had these kind of issues using my personal account for transactions As a wise man once said : No good deed goes unpunished ..

One more thing Paypal sucks !

 

[Myself]

I guess I set mine up before any of this BS. I've never had to do any of that crap! My stuff goes through Paypal (now Zettle), and straight to my business bank account. I say if they give you one more ounce of crap just tell them to cancel and close this MF'er down. Then give them your personal account and close that MF'er down. And by the way I've recorded all of this so I can post a Youtube video of all the BS you have to go through so everybody knows NOT to use Paypal.

 

[WFO Speedracer]

I guess I set mine up before any of this BS. I've never had to do any of that crap! My stuff goes through Paypal (now Zettle), and straight to my business bank account. I say if they give you one more ounce of crap just tell them to cancel and close this MF'er down. Then give them your personal account and close that MF'er down. And by the way I've recorded all of this so I can post a Youtube video of all the BS you have to go through so everybody knows NOT to use Paypal.

Here is the thing, you can't close the account if there is still money in the account especially when there is money there and they won't release it, you are screwed , but yes trust me when I do get my money out I am closing this account , I never had any issues like this on my personal account.

It's like the government freezing your bank account, that money is going nowhere until they say it can , truefully the new law they put in place regarding selling anything over $600.00 you get a 1099 on, that is probably why all this is coming down right now, thanks a lot sleepy Joe !

 

[SteveC]

if you close the account, they cash you out and send a check. Or at least that’s what happened for me like 3 yrs ago when I did it. Paypal sucks. Stop using it. Accept that it means lost sales.