25 signatures reached
To: The Government
STOP Paypal Operating within the UK
Stop Paypal from operating and cheating the British Public without correct banking policies and Freezing peoples money in their account for 180 days without just reason and omitting to pay the interest it accrues to the rightful owner.
Stop them from operating in the UK without a correct registered address in the UK . Currently they are not responsible to the UK as they are registered in Luxemburg
Why is this important?
For those of you who don’t know this, PAYPAL IS NOT A BANK. It is officially classified as a "Money Service". Therefore, PayPal does not have to follow Federal Banking Guidelines. These guidelines are in placed to help protect an individual's bank account from being frozen without warning, explanation, or recourse, for months at a time. Sadly, PayPal continues to do just that, to thousands of PayPal accounts, every month.
There are numerous stories from Ex PayPal Employees and Managers who resigned because of PayPal’s business practices, as well as thousands of detailed horror stories posted all over websites about people being Robbed, Abused, Unfairly Treated, Lied To And Cheated By Paypal.
Why is the goverment allowing this company to Operate in the UK?
Every day there are tons of emails from people who thought they could trust PayPal with their business only to discover, as so many before them already have, that there account has been limited and their funds frozen, money held, or money pulled right out of their account. These people placed their trust and livelihood in PayPal's hands only to be told that their accounts have been locked indefinitely without appeal.
Explaining your version of what happened, in most cases seems to make no difference. PayPal can refuse to provide you with detailed information from their investigation and does not have to disclose documents they relied upon to make their decisions.
You can expect to wait AT LEAST 6 MONTHS before you see your money again. In some cases, the wait time can EXCEED 6 MONTHS and run into a shady Grey area, where "NEVER" Seems To Be A More Realistic Time-Frame.
People who complain about it have reported experiencing terrible Customer Service including extra long hold times, delays, and dead-end auto-responder e-mails.
100,000 COMPLAINTS OUTSTANDING AT PAYPAL. In many instances disputes can run on for months leaving people frustrated and out of pocket as they are unable to access their accounts.
A common allegation is that the company brushes off or stalls customer grievances for months and meanwhile freezes the customer's account and pockets the interest (So that's how they make their money!). No wonder they freeze so many accounts!
When you open a paypal account, you agree to allow PayPal to play Judge, Jury and Executioner in every dispute situation. Your money is taken from a customer’s credit card, or paypal account, and transferred into a paypal account, not your bank account.
Make No mistake about it: PayPal profits handsomely, earning interest on the millions of dollars left sitting inside thousands of frozen paypal accounts.
From worldwide users vast experience in trying to get Paypal to pay them their rightful money is that PayPal completely ignores user complaints, phone calls, faxes, & email, but does respond to government investigators and private lawyers.
This company requires a Full stop and not welcome to trade upon holding UK citizens money illegally.
Please sign this petition, share on Facebook and on Twitter, tell your friends and family most particularly those who have businesses and who use Paypal. They may well have had no problems so far, but this can happen without warning and so quickly and without justified reason.
