I was a substantial PP merchant (millions of $ per year) and it was a horrible experience. We used PP and another, traditional, banking/card payment service and

I was a substantial PP merchant (millions of $ per year) and it was a horrible experience. We used PP and another, traditional, banking/card payment service and PP was far worse. So many people screwed us because they knew PP would just refund. PP regularly locked our money for months (we bought and sold product via PP so could not take all the money out). They threat merchants like shit generally, only protect the consumer. Many of which are just scammers using PP to get free product. We really only had a fraction of chargebacks on cards of what we had on PP and as a bonus, with those chargebacks at least noone could block our funds for months like PP did.