The big Paypal bluff...! Fraud company PayPal...! Misleading advertising?
The company PayPal has developed into a fraudulent company and commits the offence of committing fraud and the deliberate misappropriation of customer funds.
1. customer accounts are closed for no reason
2. client funds are embezzled for 21-180 days
3. catastrophic customer sport
4. the advertised buyer protection is not really available and is undermined and leveraged by constantly changing business conditions.
5. there are thousands of complaints to the Federal Financial Supervisory Authority (BaFin) regarding the company PayPal.
6) Thousands of former PayPal users have been charged with fraud and the deliberate misappropriation of customer funds.
7) Many well-known and reputable shops have banned PayPal as a means of payment and replaced it with others.
8. customer data are passed on unauthorized to the company "SANDOW TRUST". Thus it may be possible that you as a customer or seller are blocked on other trading platforms.
etc. etc...
Misleading advertising?
Is this exclusion compatible with the blatant advertising with which PayPal advertises on eBay and other shops?
At least that seems doubtful. Slogans such as: "Free PayPal buyer protection in unlimited amount" or "Always simple and secure" give the impression that effective buyer protection also exists as advertised.
That this is not always the case, however, is shown by research on the Internet. Ever more eBay salesmen - commercial and private - customers of PayPal report on accounts partially blocked for months. The additional demand of proofs and vouchers, which seem to have nothing to do with the auction and similar little comprehensible pitfalls.
But also buyers are often rejected with their application for buyer protection, because in the opinion of PayPal it did not come to a "substantial deviation" of the article to the article description. Such examples were also shown in today's Full Kanne article.
All in all, the buyer protection with PayPal represents nothing more than a gesture of goodwill, to which no claim exists at all on closer inspection. It is solely up to PayPal to let the buyer protection take effect. Against the decision the customer can do finally de facto nothing at all.
Therefore the impression suggests itself, with the advertisement of the official means of payment of a new generation it could concern a misleading advertisement forbidden by the UWG. The consumer is deceived precisely because of the fact that the advertised buyer protection does not exist as a claim at all, but is only placed at the discretion of PayPal as a gesture of goodwill. Buyer protection thus becomes a toothless tiger. The customer, however, weighs himself in security due to the advertising and perhaps rather enters into questionable transactions on the Internet, which he would not have entered into at all with a regular transfer.
But also the promise to sellers is not always kept. Here the impression is created that the turnover of a shop or the eBay account can be increased, since the customer weighs himself in security via PayPal and, as a satisfied customer, gladly returns to the shop to generate further turnover. This may well be the case.
The problem of arbitrariness without the possibility of legal protection had to be experienced by the seller in the second example. His buyer submitted a dubious expert opinion from another merchant and inserted Paypal for the payment...
Better to renounce the buyer protection?
Ultimately, PayPal does not really offer its customers the promised seller and buyer protection. In view of this, the question arises as to whether the service provides both buyers and sellers with extra security on eBay. Because in the case of fraud, a payment that was instructed by PayPal cannot simply be cancelled without PayPal checking the process again. The subsequent procedure with submitting receipts etc. often takes several weeks, in which the real eBay fraudster has long since been over the mountains with the goods.
Conclusion:
1. avoid PayPal as much as possible
2. any credit card payment via an alternative payment provider is much safer, as payments are claimed directly via the card provider.
3 The actual business model of PayPal is absolutely unnecessary.
December 19, 2019
Unprompted review