GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Paypal is making changes, some people may not like them

onwebcam · 02-27-2019, 09:09 PM

While I've never had any problem with Paypal I'm using waveapps more these days for invoicing..

But this is what it's all about

"Funds held in a PayPal Cash account are not insured by the Federal Deposit Insurance Corporation (FDIC). PayPal combines your PayPal Cash account balance with the balances of other PayPal Cash account holders and invests those funds in liquid investments in accordance with state money transmitter laws. PayPal owns the interest or other earnings on these investments. However, the claim against PayPal represented by your PayPal Cash account balance is not secured by these investments and you do not have any ownership interest (either legal or beneficial) in these investments. "

And they add

" These pooled amounts are held apart from PayPal’s corporate funds, and PayPal will neither use these funds for its operating expenses or any other corporate purposes nor will it voluntarily make these funds available to its creditors in the event of bankruptcy."

So, they plan to "invest" our funds but we will see no benefit from it
Our funds aren't secured by those investments
And they are keeping their funds separate from ours.

Sounds so epassporte

02-27-2019, 09:09 PM
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 26,803	While I've never had any problem with Paypal I'm using waveapps more these days for invoicing.. But this is what it's all about "Funds held in a PayPal Cash account are not insured by the Federal Deposit Insurance Corporation (FDIC). PayPal combines your PayPal Cash account balance with the balances of other PayPal Cash account holders and invests those funds in liquid investments in accordance with state money transmitter laws. PayPal owns the interest or other earnings on these investments. However, the claim against PayPal represented by your PayPal Cash account balance is not secured by these investments and you do not have any ownership interest (either legal or beneficial) in these investments. " And they add " These pooled amounts are held apart from PayPal’s corporate funds, and PayPal will neither use these funds for its operating expenses or any other corporate purposes nor will it voluntarily make these funds available to its creditors in the event of bankruptcy." So, they plan to "invest" our funds but we will see no benefit from it Our funds aren't secured by those investments And they are keeping their funds separate from ours. Sounds so epassporte __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete.