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PayPal has begun to be perceived as one of the most customer un-friendly companies around for the simple fact of what they function as a bank (complete with KYC
by mikece 5y ago
PayPal has begun to be perceived as one of the most customer un-friendly companies around for the simple fact of what they function as a bank (complete with KYC requirements) for many people and then will limit, suspend, or lock your account without telling you why and with no recourse to getting your money out in less than six months (during which time they are allowed to take money from your account to pay for their administrative actions related to freezing/adjudicating an appeal). People are waking up to this; I'm sorry for people who are getting screwed by PayPal but I hope everyone else can get out while they still can.
(And keep in mind that Venmo is also owned by PayPal.)
- josephcsible 5y agoYou should never, ever keep a positive balance in PayPal. They love freezing accounts with big positive balances, because they basically keep all the money indefinitely when they do that. Any time you receive money with it, immediately transfer it to your real bank, one with a branch you can show up at in person if necessary.
- jolmg 5y ago> PayPal has begun to be perceived as one of the most customer un-friendly companies around... People are waking up to this Begun? Is the perception now any different than it was e.g. 10 years ago? I feel it's always been the same.
- is_true 5y agoHe didn't say when