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> I’m not really sure what half a year of holding on to my money will help PayPal achieve It doesn't help them. If it were possible they would complete every
by carsongross 9y ago
> I’m not really sure what half a year of holding on to my money will help PayPal achieve
It doesn't help them. If it were possible they would complete every transaction with minimal fuss.
The reason transferring money is so difficult is due to governments who wish to prevent capital flight, "laundering", etc. Paypal fought against this intensely early on.
- tyingq 9y agoPayPal does sometimes hold funds for those reasons, but they also hold them for their own, unrelated reasons. Is there something about this case that looks OFAC (or similar) related?
- loeg 9y agoMy traditional bank has fewer restrictions on money movement and far better customer service when further verification is needed than Paypal. They have to comply with the same regulations.