PayPal Holdings, Inc. Money Transfers Complaint

Domestic (US) money transfer Money was not available when promised

PayPal Holdings, Inc. Money transfers department,

Domestic (US) money transfer Money was not available when promised Texas

I have - small business accounts with -. On - of the accounts I utilize PayPal as my merchant service account. I have experienced inconsistent issuance of credit of deposits on my - account. For example : I transferred money from PayPal on -/-/2016 and it was updated as completed on -/-/2016 at -. Several hours later and at the time of this email, I 've yet to get credited for the deposit by -. My first concern is that the deposit is being used by one or both of the institutions to skim money for themselves. My second concern, is that the money is intentionally held because I have pending auto transactions attached to the - account. By with holding the deposit I will be assessed late fees for the insufficient balance when the auto transactions come due. The deposits are credited at different times and dates with no rhyme or reason. This leads me to think that - is engaged in fraud. Along with the knowledge that - has been assessed millions in fines for fraudulent banking practices recently by setting up bogus accounts and loans.

PayPal Holdings, Inc. customer in Texas
Nov 16, 2016

* Source: CFPB Complaint Database

PayPal Holdings, Inc. response to complaint:
Closed with explanation

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