Quote:
Originally posted by evildick
http://paypalsucks.com/
Read that before you decide to keep a shitload of $$$ in your account.
Get paid by some asshole with a stolen credit card and you're fucked.
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Not true, had it happen and everything was fine. Had a fraudulent purchase and all they did was deduct the money from my account.
As I see it the other rob you blind on every transaction, 15% + 10% hold back for 6 months with no interest paid. Instead of 4% and no hold back. We never leave more than $200 in the account. As soon as it goes in it comes out.
So the most they could "Freeze" is say $500.
With what we turn over the other processors would be deducting a lot more than that, extra every month and holding that ammount back every month for 6 months.
The others are the thieves, but if you are in the paysite business Paypal is not a good bet.