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This is the same hold policy at every regulated bank. It comes down from Visa and MasterCard's operating agreements. Its presence in standard merchant contracts
by dangrossman 14y ago
This is the same hold policy at every regulated bank. It comes down from Visa and MasterCard's operating agreements. Its presence in standard merchant contracts predates PayPal's very existence. It's not arbitrary, either; it's the period in which the people that paid that money can file a chargeback or bank reversal to recover it.
- CamperBob2 14y agoIt comes down from Visa and MasterCard's operating agreements. Thus illustrating one of my favorite pet sayings: "Any sufficiently dominant corporation is indistinguishable from a government." Nothing you are saying actually makes this policy right; you are simply reiterating its existence.