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Old 11-11-2011, 07:11 AM  
NetHorse
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Join Date: Dec 2006
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Paypal is good, as long as it's for small, non-biz related transactions. Even though they've never fucked me, I would NEVER trust them with more than $500.

PayPal's flexibility and lack of regulation is the reason behind all of the horror stories. They offer financial services like a bank, but they aren't, so they operate without all the rules and regulations of one; which means the amount of fraud they deal with is staggering. The only way they can begin to combat it comes at a huge cost to legitimate customers caught in the crossfire.

The amount of accounts they deal with is just absurd, even if they wanted to they could never limit or restrict accounts on a case-by-case basis.
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Last edited by NetHorse; 11-11-2011 at 07:14 AM..
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