PayPal Turning Out To Be a Liability

Posted by Mike Vang on September 23, 2010

It seems that the ultimate global payment solution: PayPal is turning out to be a liability. In simple words, what PayPal does is that it lures customers through flowery statement. Once they're paying members, PayPal asks them various bogus questions, pretending to "protect" customers from scams. All in all, its a bad move on PayPals behalf to hold on to the hard earned money of valuable clients.

No doubt, customers want security when it comes to safe transactions, but PayPal is using the same cards to its own benefits. For each day that PayPal takes to "resolve" disputes, it is earning interest on that locked up amount. For instance, if you're account had $100 in it, and PayPal asks you to release your credentials for the sake of security, you have no other choice.

But it is technically up to PayPal to release the money and deem your account functional. Sellers believe that PayPal's practices have started to become unethical. They are misrepresenting and luring the customers through false promises. Once there is enough money in a customers PayPal account, the company starts asking them for bills, ID forms and passport copies.

From a client's point of view, it is just an excuse to hold on to the money and "steal" it away.