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[MrSandMan]

My hell all started from a charge back.

Sold an amp for $1100 (and few other things) which totaled over $1200. All was good until a month went by. Then.....

Suprise!

My account was frozen! -negative- PayPal account.  Out of fear, I hurried to change all my "Buy It Now" online auctions to Money Order or Bank Wire Tranfers only. (so PayPal couldn't screw me out of any more money)

Then BANG!!!!

Faster than I could change my "Buy It Now" online auctions... the 5150 sold for $810 and the FBV shortboard sold for $230.

BOOM! both buyers paid via PayPal immedaitly after auctions closed. (how often does that happen. lol)

Shazzam, PayPal consumed this money and put it directly towards the negative amount from the charge back.

Well, screw that!! If I don't have payment in my posession, then I reserve the right to ship out product!

I email both buyers to explain to them the situation and issued full refundeds.... BANG! PayPal took the funds from my Checking account (putting that account in the negative!)

Whoa! So I called my bank and told them to "Shut'err down, NOW!!!

Thankfully my bank did shut it down immediatly. Though I was already in the negative, they saved me from more trama! I filed a claim with my bank to notify them of PayPal's scam! 48-72 hrs later, my money was back into my checking accoutn and both buyers of the 5150 and FBV shortboard were still fully refunded without delay.
 
Just to be extra safe, I had those buyers call their credit card comany to notify them of PayPal's scam as well (Just in case PayPal tried pulling their funds back). As my bank account took the funds back from PayPal and said to paypal "no-no", you must'nt touchy.
 
Needless to say paypal DID try to recoup that money back from those buyers credit cards... Thankfully, their credit card company said "NO!" payPal couldn't touch their monies either.  Sheww!

Now PayPal charged me back for refunding the buyers of the 5150 and the FBV shortboard. + still in the negative from the initial chargeback that I sold over a month ago for $1200. = over $2200 in the negative.

Now here's another kicker. I had purchased a $1000 item back in August, paid via PayPal. That seller kept his funds in his PayPal account (for whatever stupid reason). As fast as we can say; "What?"  PayPal swiped his money from his paypal account???  REPEAT: He sold me a $1000 amp, that deal was done A LONG TIME AGO! And PayPal swiped his money!?!?!  Excuse me, what gives paypal the right?  That transaction was successfully completed over a month ago.
 
To date, I do not know if they went back further than the previous seller from the August purchase, but I'm sure I'll find out soon enough, heh!
 
PayPal has the key to everyones money and will take YOUR hard earn cash without notice!  
 
PayPal is above the law.  And it's sad!

Talk about BULL SHYT!!!!

[Monster]

this is why i don't use paypal any more.. i only pay for things via Postal Money orders only......


sorry to here pay pal was screwing you over.....

[MrSandMan]

This thread is old and thankfully everything was sorted out.  It was very stressful at the time. 

Certified money orders make life easier... I'm also looking into google checkout.  I hear good things about that system.

[senor_penguin]

Wow. That is total balls. I only use money orders, thank god.

[indytruckboy]

any more info on Google Checkout?

[MrSandMan]

Google Checkout is for credit cards and debit cards.  All major ones, like visa, mastercard, discover.. ect.

Instead of paying 3% + .33 cent fees, it's only 2% + .20 cent fees... and I think the first 6 months are free, no fees (if they are still runing that promotion)?

When you use Google Checkout to process your sales, you'll only be charged a low 2% + $0.20 per transaction.

https://checkout.google.com/sell/?gsessionid=VQGmK2PWl3g

[indytruckboy]

have you used it at all yet?

[Monster]

have you used it at all yet?

i have not used google checkout , but some of my pals have and only have heard good things about google check out.. if more people used it i think paypal would be done and closed..... i will never use paypal any more...

[MrSandMan]

I still use paypal. I just learned from this incident. I made another bank account exclusive for paypal...

I much prefer google checkout, but like you said, not many people use them "yet"

[Servant]

I'll be the late guy from hell and cheer Paypal.

They are the worst business model having unregulated POS company floating around the net. In my book, that's one hell of an accomplishment.

May the fleas of a thousand reindeer nest in their genitals.

I have recently dumped both Paypal and SleazeBay and will never use either of them again.

Local peeps just got better deals.

[characterzero]

Woah, that story makes me really weary of PayPal.  Luckily I only use the internet for smaller price purchases.

[gravywhisperer]

this is why i don't use paypal any more.. i only pay for things via Postal Money orders only......


sorry to here pay pal was screwing you over.....

yeah dude that must've been  harsh good thing i never trusted paypal