An actual letter from paypal about holds!

[pod]

Over the years with the billions they have made they have made some powerful friends. Many political. In reality, a company with that much pull in internet finance would be regulated. But they positioned themselves to squeeze through the cracks.

Government had no problem busting up Microsoft. But nobody wants to take on eBay and PayPal? Have to ask why. They are without question being protected.

[First Edition]

they actually have gotten up ebay pretty hardcore... back in the day you could sell anything

Government works extensively with paypal and ebay to halt the sales of illegal goods

don't you watch the news?

[pod]

I was talking more on the free range money rules.

And the monopoly of eBay/PayPal having to be connected.

The knock off issue is a big concern with major corporations, so its been a hot button

[First Edition]

oh well.... because they're not a bank...

They'll never become a bank, ever ever ever. A bank cant/wont do what they do

[slapped]

Paypal has been,,,, and Currently STILL Is,,,, under ENORMOUS Pressure from the Federal Goverment to Charter as a Bank,,,

A Part of the Financial Institution Restructuring Bill Which was cut out in the Final Days before it Passed Congress and Signed into Law by Pres Obama earlier in the Year,,,Specifically Detailed New Banking Regulations Geared toward Internet payment Processsors Like Paypal,,,

The Part that DID Make it in thought is the Part that Requires all Payment processors to Report Everyone who Processes over 20,000 a year,,,,,Shocker,,,,

Mark my words,,,It is Only a Matter of time Before the ENTIRE System gets Overhauled,,,,,and EVERYTHING Changes,,,And Im not so sure if it will be for the Better,,,,The Jury will be out on that issue for a LONG Time,,,,


Remember when the Banking System laws were Designed the was No Such thing as the Internet,,,and the Goverment as Usual is Very Slow to Change things,,,,,

[pod]

Some great points

I would think if under regulations things would be very difficult for us. You cant exactly stealth a bunch of bank accounts....

[slapped]

Originally Posted by pod

Some great points

I would think if under regulations things would be very difficult for us. You cant exactly stealth a bunch of bank accounts....

I Gotta Believe That Some things will be A LOT Harder like Account Creation,,,and Some thing Will be Great like No 180 Hold,,(180 Days is the Most Absuive thing Ever),,,Time will Tell though,,,


I Do Not think that Any Changes would Effect you In Canada,Though