Submitted by Shiela MacGee (not verified) on Thu, 08/23/2007 - 02:27.
I too have had HORRIBLE results from PayPal. They kept money of mine for 2 months. I tried to get my bank to reverse the charge which they did, but then PayPal just sent it through again, which the bank paid and around and around. I finally reversed it and cancelled my card. What a pain just for the IDIOTS. I think they are just using OUR money to make money. Do you know the rate for overnight or short term money? Say they have 500,000 customers (probably more)and 20% of them get funds held for say 2 or 3 days. Even if they are only $1,000US then that's a million bucks. You can make big money, $10,000 per day easy. Plus their exchange rates are usury.
I think their needs to be an investigation by the EU who hates these kind of screwups.
I too have had HORRIBLE
I too have had HORRIBLE results from PayPal. They kept money of mine for 2 months. I tried to get my bank to reverse the charge which they did, but then PayPal just sent it through again, which the bank paid and around and around. I finally reversed it and cancelled my card. What a pain just for the IDIOTS. I think they are just using OUR money to make money. Do you know the rate for overnight or short term money? Say they have 500,000 customers (probably more)and 20% of them get funds held for say 2 or 3 days. Even if they are only $1,000US then that's a million bucks. You can make big money, $10,000 per day easy. Plus their exchange rates are usury.
I think their needs to be an investigation by the EU who hates these kind of screwups.