I have a Paypal account currently frozen since December 17th for 180 days (6 months) with $10k in it. It's locked until June 17th.
I was sending a lot of Gift payments to a lot of people & I was sending Gift payments for my thread on here:
They sent me an email saying there was suspicious activity & they needed my license, a bill to my confirmed address, phone bill to verify the number they had on file etc all to be faxed to them.
I figured no problem & sent them what they asked for.
They then emailed me back saying the fax wasn't clear. I went to Fedex/Kinkos & the fax was fine. So I did it again & they sent an email saying they needed a fax of my social security card & a credit card statement in my name to my confirmed address. I felt like that was way too much information to be sending to India. (And before you ask, this was not a scam, always updated IN Paypal & always verified by calling Paypal).
So finally when I told them I wasn't going to send them a copy of my SS# & credit card information, they told me they are locking my account for 180 days (6 months) & I'll have to wait until that time is up to withdraw my money or request a check.
After all this happened to me, I started doing my research & it seems Paypal shuts down a TON of accounts every day for any kind of reason.
I now never send any payments as gift or anything personal through the Paypal account that I still have running. If that account were to also be locked, my business would be devastated.
They are cracking down on money laundering and I guess with all of the gift payments being sent every which direction it's easy to launder money around.
I would advise to never keep any kind of substantial amount of money in the account because Paypal can lock it at any moment without a reason. Paypal is NOT a bank, they don't have the same rules as banks do. Paypal can & will lock your account for any reason they see fit. They have over 10k of mine locked up for 6 months invested in a money market account gaining THEM interest. Will I see any of that interest? NO.
I have read that at any given time Paypal has over $1 Billion dollars locked up collecting interest.
I also don't understand why we're picking over nits. Oh wait, TCL does as TCL does.
Originally Posted by Ducky TSX
And yes of course you can reiterate to them that you want the shipment sent back to you if found. But still, that has nothing to do with not paying the buyer the refund until the UPS claim is settled and paid with you.
Hello everyone. Thank you all for your responses whether they were helpful, funny, stupid, etc. Anyway, to answer some of your questions and concerns:
Let's help Colin!
The whole thing is kind of shady anyway and I can feel everyone's pain on both sides. I've had very little interaction with Pay Pal, but what little I've done has been positive. I've only ever had one thing that I ordered not show up and the seller sent me another one with no questions asked. I'll definitely do the insurance thing the next time I do anything after reading this though.
OP is the biggest dumbsh1t ever.
Here's the rules:
- Signature confirmation required on $250 and up or the buyer instantly wins. I always tell the buyer and most of the time they're like no, I can't be at home and I'm like oh okay I'll waive and and send it signature required anyways LOL What do I care about their life, I already have their money (sad, but true )
- UPS/FedEx and USPS EMS (EMS ONLY) give you $100 free, it's up to you to purchase any additional amount. UPS doesn't know that you didn't ship Rotas nor are they going to listen to you yabber about lightweight forged alloy wheels.
- Always insure your stuff. You just learned perhaps the most expensive lesson of your life. Suck it up, don't let it hurt your butt too long and moveeeeeee on.
- Don't trust anyone. Not shipping carriers, not your customers, not your mom I'm talking fcuking no one. Trust yourself only.
Now OP is out the money, the wheels and his pride while dickface in NorCal has two wheels for free. He's not going to ship them back and PayPal is going to give him a full refund.
my two cents:
- ebay/paypal enforce a system whereby the seller has to act like a good business does, under the notion that the customer is always right. people don't always realize the overhead and care that's required to live up to this standard. I'm not saying OP had any bad intentions (and he seems to fully accept the state of things), but these rules do their best to marginalize people acting as if a sale is a casual thing.
- don't conduct any communications outside of the ebay mail system.
Not an enthusiast.