Paypal is a Racket.
Hi all, About 4 months ago I sold an item on EBAY. The item i sold was about $6000. The seller paid and was happy with the item, and everything was great.
About a few days later Paypal decided that they wanted a piece of my action, so they stopped me from transferring the full amount to my bank account, and took 50% of my $6000. They call it "a reserve" Another word for Theft. They claim it's for insurance reasons, in case of a chargeback. So now they can hold it indefinitely..
They use terms in their policy to legitimize their corruptive actions.
No one reads these terms and conditions to really understand what you'er getting yourself into. Paypal takes advantage of people by NOT being regulated, like a real bank, but they get all the perks of a real bank, and with an extra bonus in stealing moneys that doesn't belong to them.
If any is going through a similar issue, let me know #lawsuit.
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