Money transfer, virtual currency, or money service -- Managing, opening, or closing your mobile wallet account -- Complaint #4341097
Complaint Overview
Complaint ID: 4341097
Company: Paypal Holdings, INC
Product: Money transfer, virtual currency, or money service
Sub-Product: Mobile or digital wallet
Issue: Managing, opening, or closing your mobile wallet account
ZIP Code: XXXXX
Date Received: 2021-04-30T12:00:00-05:00
Date Sent to Company: 2021-04-30T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
On XX/XX/2021, on my Paypal account, I received {$210.00} payment for the digital Item I am selling. Since my account is considered new for the first time payment received, I've waited for the 60 days holding period of my balance. I am not able to withdraw my money. Then, after that 60 days, I am still not able to withdraw my money in paypal. I sent the competed proof that transaction was completed and the buyer did not file a complaint for my sold digital Items and would not cause any chargeback to Paypal, but the Paypal permanently limit my account for 180 days. Please note that this time of pandemic a single cent is very important and I badly needed my hard earned money, that I think paypal should not hold it for another 180 days. Appreciate your help on this as really need to those money to pay may house rental.
Frequently Asked Questions
What is Complaint #4341097 about?
Complaint #4341097 was filed against Paypal Holdings, INC regarding Money transfer, virtual currency, or money service specifically about Managing, opening, or closing your mobile wallet account. It was received by the CFPB on 2021-04-30T12:00:00-05:00.
How did Paypal Holdings, INC respond to this complaint?
The company responded with: "Closed with explanation". The response was timely.
What is the risk level of this complaint?
See the risk assessment section for details on this complaint's risk profile.
How do I file a similar complaint?
You can file a complaint with the CFPB at consumerfinance.gov/complaint. Select the appropriate product category (Money transfer, virtual currency, or money service) and describe your issue in detail.
Can I see other complaints against Paypal Holdings, INC?
Yes, visit the Paypal Holdings, INC company profile at readthecomplaint.com/company/paypal-holdings-inc to see all complaints, risk scores, and analysis.
Disclaimer
This analysis is AI-generated based on publicly available CFPB complaint data. It does not constitute financial or legal advice.