On 3/17/2010 1:45 AM, Don Kerouac wrote: > I have been burned by PayPal several times. The real reason they put the > "hold" on your checks or "hold" money owed to you has nothing to do with > your ratings and little to do with security. Basically, they control > billions of dollars in transactions ever month through EBay. By "holding" > the money even a few days (typically 2 to 4 weeks), PayPal makes millions in > free interest on your money (your interest, actually). > > There is little regulation in the industry and since EBay owns PayPal, they > can pretty much do as they please with your money and you can just lump it. > I'm a capitalist and I hate unnecessary government regulation and any form > of socialism. However, I don't see any change soon as these guys are cozy > with legislators.
I refuse to use paypal due to privacy concerns (they have been known to sell personal information in the past.) This is just more ammo against using them. Frankly, if someone won't take a USPS money order, then they just don't want to sell. > Remember, next election, use the "NRA" method of voting.Never Re-elect > Anyone! > > 73, Don K9NR LOL! I move that a "None of the above" box be added! If the largest percentage goes to that, then none of the people running are elected, nor can they ever be elected-ever.
