Sunday, September 19, 2010

Saturday, September 18, 2010

Welcome to Paypal Sucks and Swallows! Committed in the cleaning-up against the criminal organization called eBay/Paypal!

eBay/Paypal incorporated is probably the most incompetent, anti-competitive and criminal of all companies on the World Wide Wide. And, they are a multi-billion dollar corporation located in Silicon Valley, California. There are more complaints and negative information about eBay/Paypal than any entity on the web. There has and have been lawsuits after lawsuits, and yet, they refuse to change their detrimental business practices and continue to pursue a model which only benefits their coffers at the expense of honest buyers and sellers. Here is an outline of their model: 

1.) Allow the easy registration of accounts to allow the transfer of funds electronically for buying and selling purposes.

2.) Allow buying and selling to continue for a few months until a level of funds has been achieved. Then, hold the account with funds asking for documentation. After documentation is sent, reject the release of funds and disable functionality on the account with any appeal denied.

3.) Knowing the account holder will set-up a new account for selling activity, the process is perpetuated until Paypal ends up holding a substantial amount of the seller's money for up to 180 days interest free with the seller unable to do anything...

Due to Paypal's control of the payment system and subsequent funds generated as a result of using its system, Paypal MUST be held accountable and responsible for all transactions made with its system. It fails to do that at the highest level of incompetence. From our own personal experience, it took the THREAT of filing complaints with governmental agencies against Paypal, months after accounts and funds were held, for them to take any sort of responsible action to try to resolve issues related to our accounts. Is this the act of good corporate responsibility? Absolutely NOT. Our beef is with Paypal, however, we think it applies to all entities which deal with people and money. PLEASE JOIN OUR CAUSE! THANK YOU!