Re: Reason for Paypal's craziness
The excuse is that it is all about the chargebacks and that they as there to PROTECT YOU, however the reality is they grab that cash and invest it to make more profit from it. They have an agreement with wells-fargo bank, so maybe they help them? You will always get people who say no it as everything to do with the chargebacks and they have 180 days for fraud, I understand this. However 2 years ago one of my accounts was suspended, and I forgot about it, anyway 730 days later I called up paypal and they said that because the account was suspended for such a long time ago they had to "re-open" the account....... and then I had to wait for the email. So I waited, and then I called them back yet again, they said that the money in the account will need to be held for another 180 days....... now, why would they do that for? And they want additional ID (this I can accept) this is WAY over 180 days for the chargebacks, because the account was over 2 years when it was suspended... so I pretty much sure the EXCUSE or the FRONT of the answer is "chargebacks" but the reality is they want the money to invest it and gain more profit from it. Remember bank is a BANK in the EU, and they have a very good relationship with Wells Fargo, so maybe they are asset swapping, who knows. But for sure I do not trust a word what they tell me, never trust ANYONE when it involves money!! | 
