PayPal Robbed Me

PayPal Terrified

This morning, I tried adding a new MasterCard debit card to my PayPal account. PayPal rejected the card — ten times. Unbeknownst to me, and as my bank would inform me later this morning, PayPal charged that same card PhP 45.16 each time. I lost PhP 451.60 (roughly $10) to PayPal even though their site repeatedly “rejected” my new debit card. If they rejected it, why did they keep successfully charging it?

PayPal’s longtime monopoly on online payment has made them both arrogant and complacent. I am only too happy to watch their monopoly fall in the face of big new competitors like Google Checkout and Amazon FPS.

I’ve pulled all my credit cards out of my PayPal account. I am never doing business with PayPal again.

Update, August 14, 9:32 AM GMT+8: PayPal just emailed. They promise to remove the charges in a few days. Let’s wait and see if they make good on that promise.

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14 Comments (with 1 Conversation) on “PayPal Robbed Me”
  1. jasper says:

    Dear Paypal,
    I plan to use your service to purchase some items in America how do I go about it as I live in Meycauayan, Bulacan and totoo ba talaga kayo at hindi kayo scam?

  2. Rey says:

    Hi. This blog has been very useful to me. 3 days ago I also added my debit card to my Paypal account for, I guess 5 times. Unfortunately, I was also denied and rejected the same number of times. I am curios to know if you were being replinished by Paypal of the deductions they’ve made. Thank you so much.

  3. Jaesen says:

    In the Philippines, the only debit card that process online transaction is UnionBank of the Philippines. Not even the giant banks here in the Philippines allow online transactions. You may withdraw your paypal funds to some of our local banks here. However, only Unionbank can add funds to paypal account.

    Hope this info helps.

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