Quote:
Originally Posted by mepstein
I don’t do PayPal (or similar) for anything over $500. I don’t like when a 3rd party payment system controls the transaction.
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I recently reactivated my account after not using it much for a number of years now. Imagine my surprise when I tried to withdraw my money and pay pal told me I could only take out $500/mo because of my lack of activity. I applied for a variance, and they granted it, but what BS.
About a week later, someone posted to a trade group I’m in that they were having a similar problem. A bunch of people chimed in saying it has become a patterns with various excuses from pay pal why they hold the money. One shop said it had been their primary form of receiving payment. However in a couple month period they got in six figures of payments, but pay pal was holding more than $20,000 of it!!!! He was fighting it, but it had been over a month.
That should be illegal. They claim to provide a safe secure service. But now they can just lay clean to my money? No thanks. I’m done with pay pal. Not trustworthy.