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: 5656619

Date Received: 2022-06-10

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

Subissue:

Consumer Complaint: I've been using PayPal for quite some time. I've never been involved in any dubious business dealings. My account has been verified in accordance with the terms and conditions stated. However, on XXXX XXXX XXXX XXXX XXXX XXXX., Paypal sent me an email informing me that my account has been permanently restricted for no apparent reason. This is completely unjust.

Company Response:

State:

Zip: XXXXX

Submitted Via: Web

Date Sent: 2022-06-10

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5655638

Date Received: 2022-06-10

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

Subissue:

Consumer Complaint: On XX/XX/2022, I received a notification message that, my PayPal Account is limited permanently, I have contacted the responsible company to resolve the issue to me, but upto now no feedback received on my end.

Company Response:

State:

Zip: XXXXX

Submitted Via: Web

Date Sent: 2022-06-10

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5655622

Date Received: 2022-06-10

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

Subissue:

Consumer Complaint: My complaint is regarding Venmo which I belive it owned by PayPal. I opened an account with Venmo like a week ago. After I did couple of transactions with the App, I received an email from Venmo saying my account was frozen. I was asked to upload my ID for verification which I did. That was like 5 days ago, and still my account is frozen and I didn't receive any emails from them. I have a balance in my Venmo account right now of about {$520.00} which I am not able to withdraw and I am not able to use the account. I already contacted the csutomer support regarding this issue, I received message from support that they received my message and the ID and telling me that I should hear from them back soon. However, I didn't hear anything yet, and I need the money in the account to pay my bills and use them for my everyday expenses. I don't undestand why Venmo froze my account, they didn't give me any reasons and I already sent them my ID. That is really unacceptable for financial institution to hold my money and leave me in such a bad situation like that for no reason. Here is my Venmo account information : Name : XXXX XXXX Email : XXXX XXXX : XXXX Thanks

Company Response:

State: CA

Zip: 949XX

Submitted Via: Web

Date Sent: 2022-06-10

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5655612

Date Received: 2022-06-10

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

Subissue:

Consumer Complaint: On XXXX of XX/XX/2022, My paypal account got shut down without any warning whatsoever..just out of the blues I received an email informing me that my PayPal account has been permanently closed. They said the reason for closing the account is because I had continually filed cases that do not align with paypaos 's buyer protection policy. This was clearly a mistake because my account has not filed any single case since ir started operating so I was quite shocked. Paypal email address is " XXXX ''.

Company Response:

State:

Zip: XXXXX

Submitted Via: Web

Date Sent: 2022-06-10

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5655546

Date Received: 2022-06-10

Issue: Problem with a company's investigation into an existing issue

Subissue: Problem with personal statement of dispute

Consumer Complaint: My PayPal was account was just limited permanently for no reason That was not fair to me at all

Company Response:

State:

Zip: XXXXX

Submitted Via: Web

Date Sent: 2022-06-10

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5655298

Date Received: 2022-06-10

Issue: Unauthorized transactions or other transaction problem

Subissue:

Consumer Complaint: On Wednesday XX/XX/2022 I received notification of a Venmo payment from my XXXX XXXX of an unauthorized transaction in the amount of {$570.00} to an unknown individual by the name of " XXXX XXXX ''. I immediately contacted Venmo to report this issue and opened up a dispute case XXXX XXXX A temporary credit of {$580.00} was issued to my account, and then on XX/XX/2022 I received an email that stated '' Your Venmo dispute case has been denied ''. It stated the reason as " This decision was made because this transaction was not unauthorized. ". The dispute was initiated due to the transaction not being authorized, therefore the reasoning of the case being denied is not consistent with the the original dispute.

Company Response:

State: FL

Zip: 334XX

Submitted Via: Web

Date Sent: 2022-06-10

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5655284

Date Received: 2022-06-10

Issue: Fraud or scam

Subissue:

Consumer Complaint: Hello, I have been using PayPal for the past XXXX years without any hitches. However, the company requested for verification documents and upon reception closed my account due to suspicious activity on Friday, XX/XX/XXXX. That has since affected my payments. I am not into fraud or any other significant activity. I have always abided by state laws and their terms and conditions. I find the closure unlawful without any backing whatsoever. All I need is my account back as I have never engaged in any unlawful activities or they should provide the activity that they believe I engaged in because I find it so unfair to make baseless claims.

Company Response:

State:

Zip: XXXXX

Submitted Via: Web

Date Sent: 2022-06-10

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5654412

Date Received: 2022-06-09

Issue: Unauthorized transactions or other transaction problem

Subissue:

Consumer Complaint: tl ; dr : Instead of cancelling payments when a card is declined, Paypal is then defaulting to your bank account, even if it was not clear in the payment steps that would happen. I'm not sure how to categorize this or whether this is a true complaint that would incur CFPB action, but here goes. I have been using Paypal for years with BANK ACCOUNT # XXXX for internet purchases. I recently received a debit card for BANK ACCOUNT # 2, which was not previously associated with my Paypal account. I started using Paypal 's Billpay service in late XX/XX/XXXX with this new debit card, after adding it to my Paypal account. I did a few test transactions and confirmed that Paypal was pulling from the debit card for payments. On XX/XX/XXXX, I initiated a {$3200.00} payment to my mortgage lender with my debit card via Paypal 's billpay service. Within the payment steps, I clearly selected the debit card and submitted. Since this was a new card, I didn't know the card had a daily spending limit, so the payment was declined - and here is the issue. Rather than the payment being cancelled due to the selected payment method being declined, Paypal proceeded to select BANK ACCOUNT # 1 as a payment method. Since I wasn't planning to use BANK ACCOUNT # 1 for this payment, I didn't have the funds in that account. I spoke with Paypal and let them know that as a consumer, when you pay with a debit or credit in a retail store, if you're over the daily spending or total limit, your card gets declined and you are given the option to select another payment method or cancel the transaction altogether. This is not the case with Paypal. I was told that Paypal fronts the money to the bill payee regardless of whether your chosen payment method is accepted or not, and they then proceed to cycle through all of the bank accounts and debit cards associated with your account in order to debit the funds your used for billpay. So my questions are, why are they sending the money to the payee BEFORE doing a POS-type balance check when you select a debit card as your bill payment method? Why are they proceeding with a bill payment when your selected debit payment method is declined? It is not clear to the consumer that this is happening, as they are selecting a single payment method. I can understand when doing a payment from a bank/ACH, as there is a delay in balance info there, but it should be clear from the outset that a debit card payment will be declined and then the transaction ends there. And They also offer zero help in trying to clawback funds from the payee ( I ended up paying my mortgage lender separately, not realizing the payee was actually paid despite my bank not having a sufficient balance, resulting in the payee being paid twice ) or cancelling repeated attempts at debiting funds from a bank account that has insufficient funds, resulting in multiple fees from the bank.

Company Response:

State: CT

Zip: 06511

Submitted Via: Web

Date Sent: 2022-06-09

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5654402

Date Received: 2022-06-09

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

Subissue:

Consumer Complaint: I believe that it was a mistake to close my Paypal account. I am using my Paypal account for my online business as a seller in online digital business since XX/XX/2022 and this is my first transaction in my Paypal account. XXXX XXXX XXXX has stucked fund in it that I have to withdrawn asap for emergency purposes. And I am hoping that I wil getback my account and able to withdraw and deposite my funds on it. Thank You and Godbless. For Identity verification, I attached my Valid ID. Please see attachment.

Company Response:

State:

Zip: XXXXX

Submitted Via: Web

Date Sent: 2022-06-09

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5654391

Date Received: 2022-06-09

Issue: Other transaction problem

Subissue:

Consumer Complaint: I received an email notification from PayPal that I had transferred {$200.00} to my son. Shortly thereafter, I checked my PayPal transaction history and it indicated that I had sent two payments of {$200.00} each to my son on XX/XX/2022. I changed my password immediately and notified PayPal that I had not sent the money on either transaction. They looked in my history and saw that I had previously sent money to this son and said nothing was wrong and that they were doing nothing. Yesterday, XX/XX/XXXX, they sent my son an email saying that they were holding one of the {$200.00} transactions because of suspicious activity on my account. They refuse to address the basic problem that someone made two {$200.00} unauthorized transactions removing a total of {$400.00} from my bank account. This is theft and fraud. XXXX XXXX

Company Response:

State: TX

Zip: 78757

Submitted Via: Web

Date Sent: 2022-06-09

Company Response to Consumer: Closed with explanation

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.