Scary PayPal: A true halloween story

drmaximus · 11-01-2004, 01:37 PM

What I learnt from these wild, eye-opening exchanges (see below):

(1) If I no longer agree with the user/privacy agreement, I should close my account right now while it is still in good standing

(2) It's best to change checking account or fill out an ACH cancellation form at the bank

(3) A limited account can only be closed (agreement terminated?) if it is first delimited
????: NamePros.com http://www.namepros.com/domain-name-discussion/53946-scary-paypal-a-true-halloween-story.html

(4) Personally, these were very scary stories and I have since been trying to avoid Ebay and other activities which require Paypal services

http://marc.perkel.com/archives/cat_paypal.html

Limited accounts have funds held for 180 days for "security reasons"
Deposit retroactively and unilaterally reversed even though withdrawal request was made when the account was still in good standing
http://marc.perkel.com/audio/paypal2.mp3
http://marc.perkel.com/audio/paypal3.mp3

Inability to close account and terminate the user agreement
Paypal employee advises perusal of point E of the Privacy Agreement
http://marc.perkel.com/audio/paypal-...04-2-short.mp3

An account can never be closed if it has been limited and the user agreement can never be terminated
PayPal will continue to have access to user's checking account
http://marc.perkel.com/audio/paypal-...2004-short.mp3

jj2ii3344 · 11-04-2004, 12:47 PM

I am currently listening to the clips right now and I feel kind of freaky..

Dan Grossman · 11-04-2004, 12:51 PM

The 180 day "security reasons" are due to credit card regulations. They are protecting themselves against your customers doing chargebacks on their credit cards which they can do up to 6 months after making a purchase with you.

View Poll Results: Were you previously aware of Paypal's User & Privacy Agreement?
Yes, and I agree with the policies	1	11.11%
Yes, but I still use Paypal despite my disagreement	6	66.67%
Not until now, and I will be cautious henceforth	2	22.22%
Not until now, and I will close my account to exercise my disagreement	0	0%
Voters: 9. You may not vote on this poll

11-01-2004, 01:37 PM	THREAD STARTER #1 (permalink)
drmaximus NamePros Regular Join Date: Sep 2003 Location: .CA Posts: 905	Scary PayPal: A true halloween story What I learnt from these wild, eye-opening exchanges (see below): (1) If I no longer agree with the user/privacy agreement, I should close my account right now while it is still in good standing (2) It's best to change checking account or fill out an ACH cancellation form at the bank (3) A limited account can only be closed (agreement terminated?) if it is first delimited ????: NamePros.com http://www.namepros.com/domain-name-discussion/53946-scary-paypal-a-true-halloween-story.html (4) Personally, these were very scary stories and I have since been trying to avoid Ebay and other activities which require Paypal services http://marc.perkel.com/archives/cat_paypal.html Limited accounts have funds held for 180 days for "security reasons" Deposit retroactively and unilaterally reversed even though withdrawal request was made when the account was still in good standing http://marc.perkel.com/audio/paypal2.mp3 http://marc.perkel.com/audio/paypal3.mp3 Inability to close account and terminate the user agreement Paypal employee advises perusal of point E of the Privacy Agreement http://marc.perkel.com/audio/paypal-...04-2-short.mp3 An account can never be closed if it has been limited and the user agreement can never be terminated PayPal will continue to have access to user's checking account http://marc.perkel.com/audio/paypal-...2004-short.mp3

11-04-2004, 12:47 PM	#2 (permalink)
jj2ii3344 Senior Member Join Date: Jun 2003 Location: Markham, Ontario, Canada Posts: 3,370	I am currently listening to the clips right now and I feel kind of freaky.. __________________ www.canonlens.ws Updated daily - Get Canon lens reviews and good deals on new/used Canon lens from CanonLens.ws![/SIZE]

11-04-2004, 12:51 PM	#3 (permalink)
Dan Grossman NamePros Regular Join Date: Feb 2004 Posts: 207	The 180 day "security reasons" are due to credit card regulations. They are protecting themselves against your customers doing chargebacks on their credit cards which they can do up to 6 months after making a purchase with you. __________________ Dan Grossman \| dan@awio.com Visitor Boost - 1,000 Website Visitors $1.95 Awio Web Services LLC

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