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: 7846900

Date Received: 2023-11-14

Issue: Improper use of your report

Subissue: Credit inquiries on your report that you don't recognize

Consumer Complaint: Act this creditor has violated my rights under 15 USC 1681 section 6 o 2 states I have the right to privacy ( 15 USC 1681 ( section 6 0 4 a section 2 it also states a consumer reporting agency can not furnish an account without my written instructions under 15 USCS 1666b a creditor may not treat a payment on a credit card account under an open end consumer credit plan as late for any purpose.

Company Response:

State: NC

Zip: 27534

Submitted Via: Web

Date Sent: 2023-11-14

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7846482

Date Received: 2023-11-14

Issue: Written notification about debt

Subissue: Didn't receive notice of right to dispute

Consumer Complaint: I had a PayPal account and I sold 4 XXXX tickets to this person we mailed them to his house, he was insisting we use services not friends and family he said he would pay the fee they charged so I did then he claimed he never got the tickets his name is XXXX his wifes name is XXXX she is the one I talked to and she said they used the tickets, his number is XXXX I tried to dispute this with PayPal they closed my account and refunded this scammer now they turned me over to a collection agency XXXX XXXX,

Company Response:

State: CO

Zip: 80129

Submitted Via: Web

Date Sent: 2023-11-14

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7846240

Date Received: 2023-11-14

Issue: Getting a credit card

Subissue: Card opened without my consent or knowledge

Consumer Complaint: I received debit card from Venmo that I never asked for. Called Venmo found someone opened another Venmo account in my name. I had to argue with Venmo to cancel they wanted me to email them my drivers license. I refuse to do that since I didnt open it.. they eventually did cancel debit card. I also canceled the Venmo account I opened and report the other account as fraud.

Company Response:

State: PA

Zip: 19438

Submitted Via: Web

Date Sent: 2023-11-28

Company Response to Consumer: Closed with non-monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7845073

Date Received: 2023-11-13

Issue: Other transaction problem

Subissue:

Consumer Complaint: I have been a Venmo user for over 3 years. I opened my first personal account with Venmo two years ago which I used to send money to family and friends and later on I went on to open a Venmo business account as I do Focus Groups to make a living making me an independent contractor however, I was not aware that I could not have two accounts and it was against Venmo policy. My business account was recently frozen with over {$900.00} in it and over {$200.00} in my personal account and I have spoken with more than one supervisor and I was told before an account specialists looked into my case that the two accounts would be combined contingent upon me providing my State ID. As of now, I received an email from a Venmo account specialist stating I can no longer use there services and my funds will be held for 180 days ( 6 months ). I have no money for my bills and my electricity has been shut off because of this. I will be taking legal action against Venmo

Company Response:

State: CA

Zip: 94609

Submitted Via: Web

Date Sent: 2023-11-13

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7845042

Date Received: 2023-11-13

Issue: Unexpected or other fees

Subissue:

Consumer Complaint: I tried to send the funds to my nephew in XXXX XXXX, via Paypal on XX/XX/XXXX ( transaction ID XXXX ). I had no problems sending money via paypal in XXXX years and using my bank account. This time, the PayPal system required that I log on to my bank account and that failed three times when PayPal would redirect me to log in. However, I could log onto my bank account using a different browser. I called PayPal and they said there was nothing I could do and it was my bank 's problem. I called my bank and was told that this was a PayPal problem. This had never happened before in over XXXX years. PayPal had never directed me to log into my account from their site. I ended up adding my debit card that is tied to the same bank account that is on record for my PayPal account. The transaction went through. However, I was now required to pay {$11.00} in fees to send {$200.00} to a XXXX account. If the money had been just deducted from my bank account as usual without using the debt card, the same transaction would have cost {$4.00}. I complained to PayPal and they have done nothing and refused to refund the difference. I feel like they redirect customers to log into their bank account so that when that fails, customers are forced to use debit cards for them to generate higher fees. For over XXXX years with PayPal, there was never direction to log onto bank accounts from the PayPal site and the fees were reasonable. Thank you. XXXX XXXX

Company Response:

State: MN

Zip: 55104

Submitted Via: Web

Date Sent: 2023-11-13

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7844951

Date Received: 2023-11-13

Issue: Unexpected or other fees

Subissue:

Consumer Complaint: Why is paypal, venmo and others charging you money to get your money back sooner? This is absurd. Why are banks taking 3-5 days, this is the digital age, no hastle of the post office. Americans are being price gouged at every turn and enough is enough. They certainly let you buy things instantly, but somehow getting your money back instantly is a fee? This should be a class action lawsuit NOW, not later.

Company Response:

State: KY

Zip: 40223

Submitted Via: Web

Date Sent: 2023-11-16

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7844208

Date Received: 2023-11-13

Issue: Fraud or scam

Subissue:

Consumer Complaint: I authorized a payment for a purchase online from a friend. After authorizing, I suspected fraud. We called and emailed Venmo immediately telling them not to authorize. I also called my bank and reported potential fraud. The bank recommended that I stop payment, and I did. In the days to follow, Venmo contacted me saying that they sent this person {$900.00} on our behalf, because my bank was not authorizing the payment. We contacted their customer service department several times telling them that we are potential victims of fraud. They said that since we authorized the payment as " friends and family '' on the Venmo app, that there is nothing they can do. They froze my account and refuse to assist me, saying that I owe them the {$900.00}. I called them back asking why I am responsible for Venmo to pay a " loan '' to this potential fraud customer. They just said it was our policy. I asked for them to identify that in their documentation, and they did not. I asked several times for corporate escalation and they refused. I am asking Venmo to recognize that this " loan '' is not my responsibility. In addition, I am asking for CFBP recognize Venmo as a company that is not holding themselves accountable for their responsibility to the public and protecting their customers from fraud. CFBP, please assist in settling this dispute. Thank you

Company Response:

State: NE

Zip: 685XX

Submitted Via: Web

Date Sent: 2023-11-13

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7843868

Date Received: 2023-11-13

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

Subissue:

Consumer Complaint: Last night, ( XX/XX/23 ), I tried to use my credit card to make a payment to someone for household goods. The payment was denied. This morning I tried again. At first the payment went through and everything was fine, but then PayPal reversed the payment. And then I received a notice that my account was permanently restricted, and that I could no longer use it. I have no idea why. I tried to find out why, but kept getting sent back to the same page that says my account is restricted and I can no longer use it. There is no way on the website that I can find out why my account was restricted, and no way to dispute it. I've had this account for over 20 years. I currently have some money in my account that they won't release for up to 180 days. I need that money! One of the reasons I was trying to make a payment with my credit card, is because I need a furnace, because mine is broken. My house is very cold right now! There's some other items that I need for my home that were included in the payment I was trying to make, which was {$3600.00}. I was trying to use my credit card, because I don't have that amount in my checking account. Thank you, XXXX XXXX PayPal email : XXXX XXXX

Company Response:

State: PA

Zip: 170XX

Submitted Via: Web

Date Sent: 2023-11-13

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7843371

Date Received: 2023-11-13

Issue: Other transaction problem

Subissue:

Consumer Complaint: Forwarded money to a name, did not initially attach an email address ; asked that they attach email address and PayPal Refused. The payment was denied by recipient and PayPal refuses to refund payment.

Company Response:

State: NY

Zip: 117XX

Submitted Via: Web

Date Sent: 2023-11-13

Company Response to Consumer: Closed with monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7843370

Date Received: 2023-11-13

Issue: Problem with a lender or other company charging your account

Subissue: Transaction was not authorized

Consumer Complaint: Ive had a Paypal account for about 15 years. I used it to receive payments from shoppers on my website. The account is connected to my bank checking account only in order to receive funds paid to me from my customers. Ive never used my checking account alone or thru Paypal to pay for a purchase online ever. The only time I used Paypal to make an online purchase was when I had cash in the Paypal account from my customers, and I used to cash balance to make an online purchase. On XX/XX/XXXX I was informed by XXXX that someone hacked into my XXXX account and attempted to make XXXX purchases. Only XXXX of them went thru, which was a charge for {$2000.00} for a laptop computer. XXXX confirmed they could see that I did not make the purchase and my shipping address had been changed. Paypal also confirmed the hacker made XXXX attempts to change my address and phone number. I have also received over XXXX spam emails to my email address associated with my XXXX and Paypal account. On or about XX/XX/XXXX when I became aware of the situation I filed a dispute with Paypal. XXXX provided me with the invoice to show the fraudulent purchase was shipped by the seller to an unconfirmed Paypal shipping address. With Paypal, all sellers must ship to the buyers confirmed address or the seller does not get paid. I live in XXXX XXXX TN for the past 5 years. The scammer had this item shipped to an address in XXXX, over XXXX hours away from me. I do not know who this person is and I have no alternate addresses. Paypal first sent me an email stating the case was closed as the seller provided proof of shipping, but it was to a fraudulent address created by the hacker. Paypal closed out my claim and found in favor of the seller. A day later, they reopened my claim and stated it was still under investigation. At first, the claim was filed as item not received, but then realizing the mistake, the reopened the claim as a fraud issue. They are now stating it may take up until XX/XX/XXXX to resolve the claim. They have put a pending hold on over {$2000.00} of my funds in my checking account. I am XXXX, live on social security and Ive had NO MONEY at all for over XXXX weeks. They have prevented me from being able to even pay my basic bills like water and electric, or buy food or gas. I also went to my bank, XXXX, and filed a claim against the fraud charge. It has been over a week and Ive not heard anything from my bank. Ive done some research and discovered that this issue, of fraudulent ACH purchases has become a widespread problem. What infuriates me is neither Paypal nor my bank contacted me in any way to verify that I made the purchase. Banks have no way to stop ACH online holds or transfers of funds. If I use my debit card in store, and there are not enough funds in my account to cover a purchase, the purchase will be declined for insufficient funds. In my case, as I only had about {$500.00} in my account at the time of the fraud, it put my account over {$1600.00} in the red- with no access to my funds or incoming deposits since XX/XX/XXXX, like my social security deposit. Paypal has since prevented me from contacting them by email or phone. I did previously send them notes alerting them to the situation and asking them to please expedite my fraud claim- but I now have no way to contact anyone to inquire about the claim. As an ecommerce seller myself, the rules of Paypal are clear. A seller can not ship to an unauthorized or unconfirmed Paypal address or the seller does not get paid. I have the XXXX tracking number and address the seller shipped to, to confirm the seller violated Paypal rules. The seller shipped a {$2000.00} computer to an old dump of a shack in XXXX that is no where near where I live. I am desperate to resolve this issue as Paypal is not communicating with me. * As an ecommerce seller myself online since XXXX, if a buyer makes a purchase on my website, credit card or Paypal, I require a phone number. If the purchase is over {$100.00}, I call them. If I can not reach them by phone, I do not ship. If I can reach them by phone, I put their address in XXXX XXXX. I look at the neighborhood and ask the buyer, is that a church or a school across the street from you? Or a restaurant or a gas station? When they ask why Im asking these strange questions, I reply that I am protecting their security to make sure no one has made a fraudulent purchase with a stolen credit card. A scammer will not be able to answer those questions. In my case, the case is clear. The seller was so eager to get {$2000.00}, he failed to abide by the most basic of Paypal policies : To never ship to an unconfirmed address. In my experience I have learned that all unconfirmed address orders on Paypal are in fact fraud. My only personal and business address can also be confirmed in XXXX XXXX XXXX for XXXX XXXX XXXX and at my website XXXX

Company Response:

State: TN

Zip: 376XX

Submitted Via: Web

Date Sent: 2023-11-13

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.