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Old 11-04-2010, 09:05 AM  
ThunderBalls
So Fucking Banned
 
Industry Role:
Join Date: Oct 2002
Location: Mesosphere
Posts: 2,926
Paypal loves to freeze peoples accounts, they are technically not considered a financial institution so they are not bound by any federal regulations and do whatever the fuck they want. They make 10's of millions just on the interest of frozen accounts.

I had a paypal account for 10 years, a couple of years ago I sold a diamond ring on ebay for $1400. The buyer was happy and left positive feedback, a few days after the transaction I went into my paypal account and the fucking thing was on 'limited access', meaning I couldnt access my money or do anything else. I called paypal and they told me the item I sold was a high risk item and I would have to wait 6 months for my money. After researching their tactics I found hundreds of other people they pull the same shit with, there have been at least 2 class action lawsuits against paypal for this kind of shit and both times they simply settle for millions of dollars and continue doing the same thing. They are as crooked as they come.
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