I don’t like PayPal. They are a financial institution that gets to make up their own rules. If you’re a PayPal merchant and they want to put a freeze on your money, they can do it. For example, if you have a dissatisfied customer that complains to PayPal for even a small amount, they will put a freeze on all your funds, not just the disputed ones. And the freeze can last up to 6 months. A few years back PayPal had a judgment of $12 million against them for this very reason – tying up funds that belonged to the merchants. Imaging if a bank said they were putting a freeze on the checking account of a small business for six months. When the funds were finally released there would be no small business. I would never use PayPal’s merchant services. They are an unregulated financial institution and we know what they can do to the world economy, don’t we.
Well, I have another PayPal story to tell.