PAYPAL HOLDINGS, INC


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"Products" offered by PAYPAL HOLDINGS, INC with at least one, but usually more complaints:

Bank account or service - (CD) Certificate of deposit
Bank account or service - Cashing a check without an account
Bank account or service - Checking account
Bank account or service - Other bank product/service
Bank account or service - Savings account
Checking or savings account - CD (Certificate of Deposit)
Checking or savings account - Checking account
Checking or savings account - Other banking product or service
Checking or savings account - Savings account
Consumer Loan - Installment loan
Consumer Loan - Personal line of credit
Consumer Loan - Vehicle loan
Credit card -
Credit card - General-purpose credit card or charge card
Credit card - Store credit card
Credit card or prepaid card -
Credit card or prepaid card - General-purpose credit card or charge card
Credit card or prepaid card - General-purpose prepaid card
Credit card or prepaid card - Gift card
Credit card or prepaid card - Government benefit card
Credit card or prepaid card - Payroll card
Credit card or prepaid card - Store credit card
Credit card or prepaid card - Student prepaid card
Credit reporting -
Credit reporting or other personal consumer reports - Credit reporting
Credit reporting or other personal consumer reports - Other personal consumer report
Credit reporting, credit repair services, or other personal consumer reports - Credit repair services
Credit reporting, credit repair services, or other personal consumer reports - Credit reporting
Credit reporting, credit repair services, or other personal consumer reports - Other personal consumer report
Debt collection - Auto
Debt collection - Auto debt
Debt collection - Credit card
Debt collection - Credit card debt
Debt collection - I do not know
Debt collection - Medical
Debt collection - Other (i.e. phone, health club, etc.)
Debt collection - Other debt
Debt collection - Payday loan debt
Debt collection - Telecommunications debt
Debt or credit management - Credit repair services
Debt or credit management - Debt settlement
Money transfer, virtual currency, or money service - Check cashing service
Money transfer, virtual currency, or money service - Debt settlement
Money transfer, virtual currency, or money service - Domestic (US) money transfer
Money transfer, virtual currency, or money service - Foreign currency exchange
Money transfer, virtual currency, or money service - International money transfer
Money transfer, virtual currency, or money service - Mobile or digital wallet
Money transfer, virtual currency, or money service - Money order
Money transfer, virtual currency, or money service - Money order, traveler's check or cashier's
Money transfer, virtual currency, or money service - Refund anticipation check
Money transfer, virtual currency, or money service - Traveler's check or cashier's check
Money transfer, virtual currency, or money service - Virtual currency
Money transfers - Domestic (US) money transfer
Money transfers - International money transfer
Mortgage - Other mortgage
Other financial service - Check cashing
Other financial service - Debt settlement
Other financial service - Foreign currency exchange
Other financial service - Money order
Other financial service - Refund anticipation check
Payday loan -
Payday loan, title loan, or personal loan - Installment loan
Payday loan, title loan, or personal loan - Payday loan
Payday loan, title loan, or personal loan - Personal line of credit
Payday loan, title loan, or personal loan - Title loan
Payday loan, title loan, personal loan, or advance loan - Installment loan
Payday loan, title loan, personal loan, or advance loan - Personal line of credit
Prepaid card - General purpose card
Prepaid card - General-purpose prepaid card
Prepaid card - Gift card
Prepaid card - Gift or merchant card
Prepaid card - Mobile wallet
Prepaid card - Other special purpose card
Prepaid card - Payroll card

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Complaint ID: 5942191

Date Received: 2022-09-01

Issue: Fraud or scam

Subissue:

Consumer Complaint: I purchased a few pairs of sneakers from XXXX XXXX XXXX via PayPal. Beginning in XXXX of XXXX until XXXX of XXXX This was a pre-order for sneakers that were said to release later in the year. Fast forward to XXXX, word came that this particular company was being investigated for fraud and was dissolving the business, hence leaving my pre-orders in doubt, having already paid. I am mediately filed claims with PayPal under buyer protection, which are in their terms and services. They were receiving so many claims from similar people who were scammed, and kept delaying a resolution to refund money. Finally after 3 months ( they are supposed to take 30 days max ), they informed me that they denied my claim because I violated the terms of service And later stated that reason was because my purchase was intended for resale This is clearly just away from PayPal not honoring their commitment to their customers, because not only were are all my purchases from this vendor singular shoe orders in my personal size, they have no proof that my purchase was for resale other than they can not disclose it to me for security reasons. I know there are many more who PayPal is doing this to and needs to be investigated immediately.

Company Response:

State: FL

Zip: 33155

Submitted Via: Web

Date Sent: 2022-09-01

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5941953

Date Received: 2022-09-01

Issue: Unauthorized transactions or other transaction problem

Subissue:

Consumer Complaint: I have now been fighting with Venmo for several weeks to get at least a provisional credit for {$5500.00} in fraudulent transactions that occurred in my account. This money was withdrawn from my checking account. When I logged into to make a payment to a friend I noticed 4 unauthorized transactions and immediately reported them to Venmo. I am out over {$5500.00}. I did not receive any text for notification of these transfers and they mustve occurred through thrud stirrers access in Venmo service. I confirm through the representative that the fraudulent transactions came from an IP address that money was never requested or sent to my account ever in the past. After reporting this transactions to Venmo within a day or two they denied the claim. I spent hours on the phone with their call center and also asked to speak to the manager with no help whatsoever. They then requested I send email to XXXX to appeal the denied cliam which I did and I never received a response or even an acknowledgment of the appeal request. No provisional credit while they complete their investigation. How am I supposed to pay my bills?? I really need The CFPBs help.

Company Response:

State: NY

Zip: 10021

Submitted Via: Web

Date Sent: 2022-09-01

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5941737

Date Received: 2022-09-01

Issue: Fraud or scam

Subissue:

Consumer Complaint: In a recent transaction using PayPal I have begun to suspect fraudulent activity. I have tried on multiple occasions to contact the seller but have received no response. PayPal also said that their responsibility is limited, as this was listed as a service instead of a product. I wish I had been warned. PayPal has also said that they would get back to me by XX/XX/2022 at XXXX. Really? Hoping that you can intervene on my behalf. Many Thanks, XXXX XXXX XXXX XXXX XXXX XXXX, NH XXXX ( XXXX ) XXXX

Company Response:

State: NH

Zip: 038XX

Submitted Via: Web

Date Sent: 2022-09-01

Company Response to Consumer: Closed with monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5941269

Date Received: 2022-09-01

Issue: Fraud or scam

Subissue:

Consumer Complaint: On XX/XX/XXXX I purchased a preorder for a pair of size XXXX XXXX XXXX XXXX XXXX that will be available in limited quantities towards the end of this year. I purchased them for {$280.00} and used PayPal as my payment.The person I ordered the shoes from was operating a huge Ponzi scheme and scammed people out of millions of dollars. He dissolved the business and did not send out shoes or issue refunds. On XX/XX/XXXX I received this statement via email On XX/XX/2022, XXXX XXXX XXXX was appointed by the Circuit Court for the State of Oregon for the County of XXXX to serve as Receiver with certain roles identified in the Order Appointing Receiver. The owner of XXXX XXXX XXXX petitioned the court for voluntary dissolution under Court supervision and the appointment of a Receiver in order to protect and preserve the assets belonging to the Receivership Estate and to assist in the dissolution of the business. The Receiver will provide updates as they become available. Please report back to this website periodically to stay apprised of events regarding the dissolution/liquidation of the business. I ordered 1 pair of shoes in my size and ordered with the intention of wearing them. I filed a dispute with PayPal on XX/XX/XXXX to try to get a refund by using their protection. On XX/XX/XXXX I was sent this email saying that I was denied because I bought them to resell them and make profit. Regarding your recent case. XXXX XXXX, We apologize for the delay in the resolution of your claim and appreciate your patience. We've reviewed the details of your case, and based on the information we have to date, we have denied your case. For your reference, were including the Dispute Case ID below, and you can find the full dispute and transaction information by logging into your PayPal account and going to the Resolution Center. Dispute Case ID : XXXX Your claim is being denied because the purchase is ineligible for PayPal Purchase Protection according to the PayPal User Agreement. Specifically, items or transactions are not eligible for PayPals Purchase Protection program when intended for resale. This exclusion applies to single item transactions or transactions that include multiple items. What can you do? We want to give you an opportunity to provide us with additional information within 10 days from the date of this email that could help us further evaluate this case. Please contact us by clicking Help & Contact on any PayPal page. Note - If we dont hear from you, we'll consider this case closed based on the decision described above. We're sorry for any problems you may have experienced with the transaction. I do not profit by reselling sneakers. I am simply a consumer and a passionate sneaker collector that was scammed and refused protection from PayPal.

Company Response:

State: KY

Zip: 40205

Submitted Via: Web

Date Sent: 2022-09-01

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5940965

Date Received: 2022-09-01

Issue: Managing, opening, or closing your mobile wallet account

Subissue:

Consumer Complaint: My account was frozen on XX/XX/2022 and was told it would take up to 3 weeks to investigate why it was frozen. I was given no information at all but my funds were frozen. I was told my request was escalated to receive a faster response but no response at all. My husband 's account was also frozen. Last week I called for further detail and was told it is still with their investigative team, but I could not get any further info or speak with their team. I escalated as far as I could but they make it impossible to contact them. After 3.5 week, I tried again today only to be told I have to wait indefinitely for a response, even after being escalated to a supervisor. They would not escalate further and I was told to wait indefinitely for a response. Venmo is currently holding my money and my husband 's money for almost a month with no explanation at all.

Company Response:

State: CT

Zip: 068XX

Submitted Via: Web

Date Sent: 2022-09-01

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5940553

Date Received: 2022-09-01

Issue: Attempts to collect debt not owed

Subissue: Debt is not yours

Consumer Complaint: PayPal XXXX Date XX/XX/22 @ XXXX XXXX Payment sent to XXXX XXXX XXXX {$480.00}

Company Response:

State: FL

Zip: 34238

Submitted Via: Web

Date Sent: 2022-09-01

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5940435

Date Received: 2022-09-01

Issue: Fraud or scam

Subissue:

Consumer Complaint: Venmo Money App is a large financial app that takes money and allows payment or to receive payment. Lately they have been freezing accounts for several weeks for no reason leaving the user stuck unable to access funds or make transactions. A user cant make payments or receive payments from work or other transactions for several weeks. Its happened to me and is going on right now. I dont think a financial institution should be able to manage money if they dont have staff to run it properly. Right now my account is frozen for no reason and its been weeks and nobody knows why. My paycheck is being withheld until this problem is fixed. This is common. They shouldnt be allowed to operate in this manner, managing money, when they often freeze and hold money for weeks with no real way to fix it

Company Response:

State: TX

Zip: 780XX

Submitted Via: Web

Date Sent: 2022-09-01

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5939714

Date Received: 2022-09-01

Issue: Unauthorized transactions or other transaction problem

Subissue:

Consumer Complaint: This complaint involves XXXX XXXX, a sneaker seller who was found to be a Ponzi scheme and is currently under FBI Investigation. All consumers who purchased from XXXX XXXX had to pay via PayPal. Once the merchant declared bankruptcy and was put into receivership, each of us had to file purchase protection claims with PayPal for non-delivery of goods. Although PayPal has a written policy of how they handle situations like this, they applied the policy haphazardly and selectively, which constitutes discrimination. I am part of a XXXX group of several thousand affected individuals which can provide ample testimony and photographic proof of these claims. Some people received refunds for charges made less than 180 days of their complaints, which are in accordance with PayPal XXXX XXXX policy. Others received refunds for purchases made greater than 180 days of their complaints, which is not consistent with PayPal policy. Many people, including myself, received a blanket decision denying our refunds, even though they were made in the specified time frame. Without any discussions with the affected individuals, PayPal decided to label everyone as a " reseller, '' which automatically denied their claims. As a member of the XXXX group, I have evidence of PayPal allowing refunds to actual resellers, while denying refunds to people after accusing and incorrectly labeling them as resellers. PayPal does not apply their policies to all users uniformly. This is duplicitous, immoral, and a violation of the trust given to them by the people who use their platform. Their policies constitute discrimination, which should be investigated and prosecuted on behalf of the American people.

Company Response:

State: AZ

Zip: 85258

Submitted Via: Web

Date Sent: 2022-09-01

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5939436

Date Received: 2022-09-02

Issue: Attempts to collect debt not owed

Subissue: Debt is not yours

Consumer Complaint: today XX/XX/2022 I got an email from PayPal that says : " Hello PayPal user ( which I am NOT ) - Here 's you invoice Billing Department of PayPal sent you an invoice fore {$800.00} USD Buy now : Pay over time Seller note to customer " Your PayPal account ( which I am not aware that I have an account ) has apparently been illegally accessed, according to the evidence. Your account has been charged {$800.00} for the XXXX eGiftCard purchase ( which I don't have ) this transaction will show up in the automatically debited amount on Payment activity. Contact us right away at the toll-free number XXXX XXXX or go to the PayPal Support Center for help if you believe you di not make this transaction. PayPal " At this time, I did not respond to PayPal as I think this is a scam?

Company Response:

State: WA

Zip: 991XX

Submitted Via: Web

Date Sent: 2022-09-02

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5938751

Date Received: 2022-09-02

Issue: Fraud or scam

Subissue:

Consumer Complaint: XXXX purchased concert ticket through PayPal and then I was immediately blocked from all Social media from the guy that collected the payment and didnt send me The concert ticket. Claim filed with PayPal they wont Have a response until end of XXXX.

Company Response:

State: MO

Zip: 64157

Submitted Via: Web

Date Sent: 2022-09-02

Company Response to Consumer: Closed with monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Select another page to read more about how -real people- receive -real harm- from these banks, credit bureaus, and others.