Being coerced into taking loan. No customer service responses?

Wolfshack
New Community Member

Ive had so many issues with Paypal that it has gotten to the point of laughter. This issue, however, takes the cake. Paypal has been holding all money over 4,000 each month (my business does over 10,000/month through paypal consistently and they have now forced me to link a new bank account to transfer money. I did that, but when I go to transfer the account does not show up. I can see it as confirmed, verified and linked in paypal, and I even hit link a new account AGAIN in the transfer section and when I fill in the info, it says the account is already linked... Can someone explain this? I think that Paypal, shopify etc. hold money and create cash flow issues for merchants intentionally as a way to coerce merchants into taking high interest loans and capitalize on their manufactured cashflow issues. Either that, or they're loaning out the money that's being "held".  At this point, I'm just considering removing paypal as a checkout option on all my stores. What a joke of a company.

Login to Me Too
0 REPLIES 0

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.