openPR Logo
Press release Members Share PayPal Experiences in The Times Newspaper

10-17-2011 08:51 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Wholesale Forums (UK)

A journalist from The Times, a leading broadsheet in the UK, invited members of TheWholesaleForums co uk to share their experiences with using PayPal for online payment processing. Their stories accompanied an article by The Times and were featured in the October 1st 2011 edition.

Members of The Wholesale Forums commented on PayPal’s anti-fraud measures which are in place to safeguard the interests of customers and of course the company from losses. However, there have been cases where genuine businesses such as those featured in The Times article have been caught up in account limitations, suspected of fraudulent activity, and subsequently barred from accessing their funds for periods of between 180 days and 6 months.

According to CEO of The Wholesale Forums, Anthony Trollope: “Many businesses cite PayPal’s often complex and long-winded rules as the ultimate reason their PayPal accounts were suspended – in some cases with thousands of pounds held for an indeterminate period as a result.” He continued to say “These are not merely isolated cases of business naivety, but catch even the most experienced business owners out.”

Phil McCabe, a senior policy advisor of the Forum of Private Businesses commented: “With small firms across the UK already owed some £24 billion in late payments, PayPal’s withholding of payments is extremely frustrating.”

Most people discover PayPal via eBay, which acquired the payment company in 2002. Anyone selling on eBay must have a PayPal account and offer this as a payment method for their auctions. With more than 20 million accounts in the UK and 175 million around the world, PayPal’s dominance as a payment processor is a shuddering thought.

Whilst customers accept that the measures PayPal have in place to combat fraud are necessary, it is felt that PayPal uses this power too zealously and that they are obstructive when it comes to frozen funds. There is anger within the small business community as frozen funds can greatly impact cash flow leaving businesses without the essential cash they need. In this economic climate, this is added pressure small businesses could do without.

As the UK’s leading networking and advice forum for wholesalers, distributors, importers, dropshippers and retailers, The Wholesale Forums, provides an impartial venue where business owners can come together to share experiences on issues such as these and seek essential advice and support. Whilst PayPal are yet to comment on this article, The Wholesale Forums is proud to represent the legitimate experiences and concerns of small businesses using their service across the UK.

The Wholesale Forums is the UK’s leading online B2B networking community and advice forum for wholesalers, distributors, importers, dropshippers, and retailers.

Trade Intellect Ltd
Q West, Great West Road
Brentford, Middlesex
United Kingdom

Contact: Chris Hoyte, Press Officer (

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Members Share PayPal Experiences in The Times Newspaper here

News-ID: 196452 • Views: 2062

More Releases from The Wholesale Forums (UK)

The Wholesale Forums Says Buyer Confidence is High for Web Merchants in 2011
The confidence of buyers with web-based suppliers is paving the way for the continued growth of e-commerce this year, according to The Wholesale Forums, a leading online B2B networking community in the United Kingdom. The website has seen a 25% month-on-month increase in the number of wholesalers, drop shippers, and retailers participating in its forums and trade marketplace. Since last year, e-commerce has been steadily increasing as the choice platform amongst
Leading B2B Forum Cites Steady Rise of China Drop shippers
The Wholesale Forums, the UK’s leading B2B forum for buyers and wholesale suppliers, has seen a sharp increase of drop shipping companies that are coming from China. This is shown by a growing number of China companies signing up as dropshippers on the platform. China companies are realising the importance of drop shippers as they provide faster delivery times and present less of a financial commitment for cash strapped resellers.
China’s Growth Plan Prompts Stricter Standards from China Suppliers and Manufa …
With strong commitment to leveraging new industries and boosting domestic markets, China is implementing an ambitious five-year economic plan that transforms the export sector into manufacturers of value-added products. The plan to guide China’s economic structure over the next 5 years will be pushing the nation’s export industry to become top producers of valued-added products and companies with upgraded R&D capabilities. Starting in 2011, China is entering its 12th Five-Year
Social Media & Mobile Marketing Among Dropshippers Rockets by Over 70% in 2011
Social media and mobile computing are increasingly gaining sophistication as dropshipping businesses strive to manage customers and generate sales more effectively. Smart phones, tablets and social networking are fast becoming the most essential tools for dropshipping businesses in 2011. Like the e-commerce retailers of recent years, they are slowly embracing the capabilities of Web 2.0 technologies such as social media to manage order processing, fulfilment and more importantly, to keep pace

All 5 Releases

More Releases for PayPal

Payment Processing Market Is Booming Worldwide |PayPal, Stripe, Amazon Payments
A latest study released by HTF MI on Global Payment Processing Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Payment Processing market. The study provides historical data (i.e. Volume** & Value) from 2013 to 2018 and forecasted till 2025*. Some are the key & emerging players that are part
Global Bluetooth Beacons Market 2018 - Estimote, PayPal, Gimbal
Eminent Market, recently published a detailed market research study focused on the “Bluetooth Beacons Market” across the global, regional and country level. The report provides 360° analysis of “Bluetooth Beacons Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Bluetooth Beacons on the
Mobile POS Systems Market | Leading Key players Payleven, PayPal, Adyen
A new business intelligence report released by HTF MI with title “Global Mobile POS Systems Market Size, Status and Forecast 2025” that targets and provides comprehensive market analysis with future prospects to 2023. The analysts of the study have garnered extensive research methodologies and data sources (i.e Secondary & Primary Sources) in order to generate collective and useful information that delivers latest market undercurrents and industry trends. Early buyers will
Alternative Payment Solution: PayPal
ReportsWorldwide has announced the addition of a new report title Alternative Payment Solution: PayPal to its growing collection of premium market research reports. In terms of transaction value, PayPal is the second-largest alternative payments service provider globally, after Alipay. It enables digital payments and offers acceptance solutions for consumers and merchants. The company specializes in online payments, mobile and e-commerce, fund transfers, payment processing, payment security and monetization services for developers.
Victoria Plumb Introduces PayPal Payments
Hull, United Kingdom (21 June, 2011) - Victoria Plumb, a leading UK online luxury retailer of bathroom furniture and accessories, announce that from 7th June 2011 they will be introducing PayPal payments on their website. Victoria Plumb is passionate about designer bathroom furniture which can cater to both modern and traditional homes. Victoria Plumb continually strive to provide their customers with the finest bathroom furniture ranges on the market, which
Carat wins £2m PayPal media account
Carat has been appointed in the UK to handle the £2m media strategy, planning and buying requirements across all on- and off-line media for PayPal, the online payment platform. PayPal is a platform providing a secure online payment method, which can be used for payment at thousands of online retailers, without sharing any financial information with them. Carat, who pitched successfully against a number of undisclosed agencies, will develop a multiple