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I've tied credit cards to PayPal, but not checking/savings accounts. The company historically has had very loud users who post about all of the bad experiences
by thephyber 6y ago
I've tied credit cards to PayPal, but not checking/savings accounts. The company historically has had very loud users who post about all of the bad experiences of having their bank account frozen by PayPal, who then proceeds to slow step their way to investigating. Having a personal bank account frozen for 6 months isn't something I'm prepared to tolerate for a moderate amount of retail convenience, even if the probability is extremely low.
Somewhat related funny: a friend of mine lived/s on "Isis Court". His Venmo transfers were always delayed/held for review for what we suspect are obvious reasons that the implementation of the State Department sanctioned persons list seems to be a substring match, ignoring that there are extremely relevant semantic differences between Isis that can show up in a street address in the USA and an employer/organization name in Western Asia.
- thelittleone 6y agoPayPal has frozen people's personal accounts? How does that work? Paypal fraud team contacts bank fraud team?
- thephyber 6y agoI actually don't have independent verification that this is what actually happened. It's possible that the description of what happened was inaccurate. That said, there are enough posts on PayPalSucks.com to scare a person away from using PayPal without lots of redundant/protective measures.