Reading this site made my hair stand (now I have a short hair, so actually it was already standing ;). Anyway all jokes aside, this is a topic that all paypal accont holders should be aware of.eBay Sellers
Most of the people that had serious issues with PayPal were eBay sellers. The case is usually like this, seller gets the money, ships the item, then PayPal takes back the money. Seller lefts with no money and no item. PayPal tells the seller that the funds were from fraudulent sources, therefore it was refunded to the bank.

Taking back your money from PayPal can be very long process, it can take months or even years. PayPal’s communication with its customers is very poor. We have noticed that in the recent problem of international users being not able to accept incoming funds.

Frozen Accounts
Another problem was people’s accounts being suddenly frozen by PayPal. In this situation, user cannot withdraw the funds until their account is cleared. This can be a very long process and in some cases your account can be closed indefinitely.

Unauthorized Charges
Some people report that their bank account that were linked to their PayPal account, was charged multiple times. In some cases it totaled up to few hundred dollars.

Vanishing Funds
And yet some users claim that their funds were taken by PayPal, part of their money simply disappeared. I am not sure how true this claim is, but in case if it happens there is no way of proving it that PayPal is stealing from you. Because balance is not shown for each transaction, but only for the total. So you wouldn’t know, where the stealing occurred (after which transaction). The only way to prove is to screen capture your PayPal account after every transaction you make.

Recommendation
All these while, I have never had a problem with PayPal. But being safe won’t hurt you, therefore you need to take basic precautions. Here are some of the recommendations:

• Don’t keep too much money in your PayPal, if your account gets frozen or worse suspended, you might not be able to recover your funds.
• Don’t link your main bank account to PayPal, instead link debit card bank account if possible, or open a separate bank account specifically for PayPal. And keep limited money in this account. This way if it gets charged, you won’t loose much.
• If you want to know if you are not loosing any funds, do a routine screen cap. You can do this after every transaction or once after few transactions.
• Lastly keep your password changed/updated frequently. And do not click on any paypal related links in the emails.

So be alert, and be safe! This is an alert service from xbrain.biz

Read more in the source of : http://Adesblog.com

Related posts:

1. Withdraw Paypal To Malaysia Bank Account
2. Paypal International Member Withdrawal
3. Withdrawal Paypal to Al-Rajhi Debit Card
4. Withdrawal From Local Banks 24hours (MEPS)
5. For Love or Money