PayPal Making Big Changes (2013, financial, stock, payments)

[LynnHarris]

FYI...for those who use PayPal...

"The eBay (EBAY, Fortune 500)-owned payments processor, like other financial companies, has policies in place to ensure that fraudsters aren't using its system to transfer ill-gotten gains. But PayPal also traps legitimate businesses and charities in its filters, and proving you're no scam involves a ton of paperwork and time...

Even for those with extensive paper trails, the appeals process can take months to resolve. The Web is filled with enraged blog posts, websites like paypalsucks.com, and a Tumblr called "Conferences Burned by PayPal..."

PayPal: 'Aggressive changes' coming to frozen funds policy - Jan. 21, 2013

[skel1977]

I am one of those people. I have not been able to use paypal since like 2003 and refuse to pay them the 600 dollars they say I owe(which I do not)

[wargamer6]

This is about 10 years too late.

[old_cold]

Now, if eBay would drop the requirement to use PayPal, it might be possible to get back some of the business it lost because of it but I'm not expecting that to happen.

[L'Artiste]

Originally Posted by skel1977

I am one of those people. I have not been able to use paypal since like 2003 and refuse to pay them the 600 dollars they say I owe(which I do not)

can't you use another email address or bank acct?

[BMWZ4RUlz]

I love Paypal and I love Ebay stock

[harry chickpea]

The government never should have allowed Paypal to avoid standard banking regulations once it became a defacto banker. Capitalism run amok.

[Grand-Strand-Family]

Originally Posted by harry chickpea

The government never should have allowed Paypal to avoid standard banking regulations once it became a defacto banker. Capitalism run amok.

It is not capitalism run amok at all.

They did not fall under the rules and regulations of banking which is not totally regulated by the government.

Blaming capitalism is incorrect.

You have a choice to use them or not. That is how capitalism works!

If you knew that you are not forced to use paypal and can use other means to get paid if you sell an item one ebay you might change your mind.

You must have had issues with paypal in the past to think this way.

[Grand-Strand-Family]

Originally Posted by old_cold

Now, if eBay would drop the requirement to use PayPal, it might be possible to get back some of the business it lost because of it but I'm not expecting that to happen.

There are many ways to get paid without using paypal. Use a merchant account or other methods to get paid. You are not required to use it completely and have many other options.

I have a merchant account, use google checkout, accept money orders etc all of the time.

[swagger]

Originally Posted by L'Artiste

can't you use another email address or bank acct?

Same tax ID.