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Do they just lose all their money in those accounts?
by meisel 3y ago
Do they just lose all their money in those accounts?
- RecycledEle 3y agoThe law says the bank must give them their money. But banks are above the law. I know when PaPal codes and account, PayPal usually steals the money. Most traditional banks eventually give you your money if you hire a lawyer, that is, they give the money to the lawyer who keeps it.
- deleted 3y ago[deleted]
- edmundsauto 3y agoHow do you know Paypal usually keeps the money, is there a public accounting of this situation? Would be interesting to analyze - please share any info you have on the data.
- kmeisthax 3y agoPayPal's EULA has a "liquidated damages clause", which means that if they think you lost them money and damaged them, instead of having to go to a court, they just charge you what they think the damages are.
- astrange 3y agoYou don't need a lawyer for small claims or for filing a CFPB complaint.
- tomcam 3y agoPayPal gets around this by claiming they are not a bank
- wolverine876 3y agoThe article says they get the money, but sometimes weeks later.