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PayPal Stole $5050 from BANK Account!

By Hollis

On Jan 21, 2005 PayPal withdrew $5050 from my PayPal without notice. I found out while paying for groceries — my debit card was rejected for insufficient funds and when I contacted my bank (HSBC US) they said PayPal submitted an electronic check for $5050.

When I checked my PayPal account online, it was “Limited account Access” there was no transactional info about the $5050. That was also apparent from the bank statement.

It is now Feb 6 2005 and PayPal continues to send me requests forme to fax them drivers license, more bank statements, more credit cards statement, more utility bills to verify my identity. I have cooperated with every request, as well as filed and Affidavit at my bank, but do date, I have not a dollar of the $5050 they cleaned out of my BANK account. I have heard of peoples PayPal accounts being frozen and cleaned out, but never feared they would do that to my BANK account. I never sold anything using PayPal, so it has nothing to do with chargeback. It has nothing to do with a purchase. Paypal won’t tell anyone (not even my bank) why they took out so much money in the first place. The worst part is PayPal acting as a bank did not verify any info when it TOOK my money, but wants to pretend its verifying till kindome come AFTER taking all that money out of a bank account.

The “Protection from Unauthorized Withdrawals” slogan to get you to “Verify your Account” couldn’t be FARTHER from the truth. Goodbye PayPal an Ebay company, see you in court.


Hollis, Distressed and Outraged and Robbed, Stabbed in the Back, Former Customer.

Posted: April 20, 2012 at 6:33 am


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2 thoughts on “PayPal Stole $5050 from BANK Account!
  1. KC on

    One day, Paypal suddenly froze my account, asking me to verify obscure bank account numbers.

    I could not do immediately as all my bank accounts were closed after the 2008 financial crisis.

    Then, today, one year later, Paypal said “Congratulations! Welcome! Your account has been restored.”

    Guess what? It had emptied my account of between 1000-1500 USD!!! And all the incoming transactions pertaining to those transactions have been wiped out.

    And because 1 year has passed, those records from more than 1 year ago have been forever deleted. And my money is gone forever!!


  2. P Dizzy on

    damnnnnn, you’re beat! Sucks to suck!