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I find it interesting that in limiting the account, they still allow deposits but not withdrawals along with a threat of keeping the money. If they were truly
by michaels0620 16y ago
I find it interesting that in limiting the account, they still allow deposits but not withdrawals along with a threat of keeping the money.
If they were truly concerned about that something fraudulent was going on they would not allow people to deposit money in either.
- JulianMorrison 16y agoDeposits can be rolled back if the money is still there. If anything that's a concession ("your business can continue, we aren't going to make your website shut down while you jump our hoops").
- adrianwaj 16y agoI wonder how much money PayPal has made keeping so-called fraudulent money in their coffers.
- dangrossman 16y agoPayPal doesn't keep money it freezes for risk checks. If they determine fraud, then the money is returned to the sender (usually by force, as the reason it was held was due to a chargeback or bank reversal). If there was no fraud, then it's paid out after a 6 month hold.
- adrianwaj 16y agoDo they can collect interest on the money whilst they hold it?
- dangrossman 16y agoI don't recall, but in all my other merchant agreements, it's stated in writing that funds held in reserve will be held in a non-interest-bearing account.