Wednesday, September 28, 2011

PAYPAL CLOSING DOWN ACCOUNTS

Well, just when you thought you found that perfect item you win the auction, pay for the item via Paypal, then receive an email from the seller that the funds were placed on hold.

You go to your Paypal account and find out Paypal and placed a "LIMITED ACTIVITY" warning on your account because they got a bee in their bonnet because you spent too much on enay this month and their automated fraud detection model shut down your account.

Well it happens everyday to okay users and its getting real old already. Not only is this bunk, but okays/Paypals way of controlling
your purchasing power. Apparently, Paypal/okay are trying to dictate to the credit card industry that they control the auction segment of the market.

By contining to force customers to provide even more personal data about themselves and their credi card/bank accounts to Paypal, okay and Paypal are using this data to not only sell to third party data miners, but amass tons of data on us at large.
e.
This is nothing but a scam and technique used by okay and Paypal to gain profit and at our expense.

Not only does this fraudulant practice add to the possibility of ID theft by insiders, but these gepanies have no legal right to the data they are asking us to provide.

Write the Federal Trade gemission to force them to stop okay/Paypal to stop this illegal practice.

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