We are making paypal worse
Ive thought about this before. We bust our asses to get around paypals authoritative rules only to make them more powerful and influential and thus allow them to create more authoritative rules.
Paypal talked about adding 7 million new users in the fourth quarter. We had a little laugh wondering how many of those were stealth but when it comes to business investors dont care. They see 7 million new users. Paypal makes more money, their stock goes up and they can continue to buy every payment processor that threatens it.
They hold our money and theres nothing we can do because its stealth which allows them to keep holding it. Now they have the ability to claim our money as their own. Once again they look like a juggernaut they get more money thrown at them and they get to continue holding money.
Its just one of those situations that sucks when you start to think about it. Stealth is a lifeline to us but also allows paypal to continue to inflate its revenue. I wouldnt be surprised if "stealth accounts" were part of paypals market plan at this point. I hope the irony isnt lost on anyone.
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