PayPal Buyer Credit Complaint - Unscrupulous Billing Practice of PayPal Buyer Credit
NOVATO, CALIFORNIA -- Beware PayPal Buyer Credit! They have unscrupulous billing practices. In my case, I incurred 2 late fees within one month for a bill paid in full on its due date. All this for a service I was tricked into using.
How was I tricked? After purchasing an item on eBay I made payment via PayPal. Although I did not have an account, the default funding source was set to PayPal Buyer Credit. I always chose "More Funding Sources ..." picked my credit card and completed the transaction.
On my last purchase, I forgot to select "More Funding Sources ..." Payment went through, I received my item. I received a bill in the mail from an account that was closed. I paid the bill anyway.
The due date was coming up fast, so my called to ask if we could pay by credit card online. She was told yes.
It wasn't true. The only way we could pay online was to provide checking account information. We didn't want to incur late fees, so we provided the info and made our payment.
That's when we learned payment wouldn't be credited for 2 days, which enabled them to charge a $25 late fee. That's usury!
It gets worse. This evening, 3 weeks later, I get a call from a foreign PayPal representative informing that my they couldn't accept my payment because I didn't have an account. And by the way, you've incurred another late fee of $20.
$45 dollars in late fees in less than one month's time for payment in full on the due date. All for a credit service I didn't need and didn't want because of their unscrupulous billing practices.
The only way to avoid the thieves at PayPal Buyer Credit is to avoid using PayPal entirely.