this post was submitted on 21 May 2024
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PayPal has a history of acting like a bank and withholding money from businesses if they don't like it (as well as keep the money).
Literally stories from 2010 telling people to stop using PayPal for e-commerce for that reason.
Pro: they are great for consumers.
My own personal beef with PayPal was when I sold a game console and the buyer paid using PayPal, then try to do a chargeback after receiving it. PayPal ignored my evidence and when I filed a police report and started a small claims court procedure, they relented. Which is kinda nice honestly if you're into scamming.
Same experience as a buyer, they're awesome, when I sold an iPhone they straight up let the dude do a charge back, even though I had proof of shipping and delivery. I guess I was supposed to drive there and snap a picture of the customer receiving the product?
The big yikes
They've been doing this crap for much longer than that. They did it to me in early 2k.
Yeah they tried something similar with my venmo. Live in NYC and run a local gaming community that regularly meets up in person. So we often do catering and run up large tabs. I paid for it all myself and my guildies just venmo'd me. Got flagged for running an illegal business because they'd send me like $2k each time we'd meetup. Luckily immediately yoinked that money to my private bank before they could freeze it and keep it. They got $0 lmao skill issue.
No, PayPal is anti-libre software, malware.