Guys, it is known that paypal "ban" or "freeze" accounts randomly even legit accounts because
a) they can do it, it's in their terms of service, they are allow to limit or freeze ur hard earned money for ANY reasons they deem suitable, which is why you keep hearing about paypal banning accounts for no reasons. They are not a bank and you have waived any protection of bank or credit card consumers under their terms of service.
b) they actually use the money they freeze from u for 6 months to earn INTERESTS . I am not kidding. That means every 6 months or whatever, they go on a spree of freezing accounts with decent money in them and use these money combined to get 6 month interests somewhere. Plus remember some people will forget or give up on chasing the freezed money after 6 months so that's even more money for paypal. Have you ever heard of people with small amount of money $50 or less getting their money freezed? No, paypal want the big fishes, those with $400 , $2000 and more to go into their pool of interest earning fund.
c) Paypal also likes to do 2 more things, make the customers whose accounts are freezed jumps through verification hoops. This means they will keep asking u to send identity information via fax and stuff and claim they never received it. This is done to delay and make people give up on claiming their own rightful money. Second thing they enjoy doing is not being contactable easily. This means giving standard emails replies, giving vague answers on telephone and not listing their numbers too freely. Again, they don't want to hear from you about getting ur money back, so why would they want to hear from u?
do i need to mention how much paypal sucks for sellers? anyone can chargeback on you after getting ur product and claim they never received or it was a hacker's doing. Paypal always automatically chargeback to buyers favor.
Bottom line, if you choose to continue using paypal , you are a fool and sucker. Or you will be one day, it's not whether or will, it's a matter of WHEN because like i've said, paypal picks accounts to freeze so that they can earn interest in the 6 months.
Do two things after reading this
a)Get your money out asap and close all accounts u have with them. Or at least leave no more cash in them and then never use them again.
b) use ur own credit card or debit card for purchases, anyone can get a debit card or vcc easily these days, as easy as opening a bank account almost. no excuses for this, protect your own interests.
C) request others to skip paypal because you find them to be dubious. If you are receiving payment from so and so website, email them and tell them your reasons and then offer a alternative payment method you wish them to ADD to payment methods. this works better if you can gather more support from the same community related. The more websites endorses companies beside paypal, guess what? The better it is for u, me and everybody else. More choices is always better for consumers.
So what alternative is there beside Paypal? I personally recommend Moneybookers. Why?
Seller pay nothing for receiving payment. Thats right. FREE. Instead of paypal shitty 3.4% and 30cents charge, buyer is charged the cost of sending at fixed 1% of total fee. Meaning a mere 20 cents for a 20 dollars product for example. Even better it is only up to $70 , any amount after that is still charged at 70cents. Do you see why this is way better than paypal?
Two other that are on the same standard are alertpay and paypay. Any of these 3 choices will be better than paypal and lastly, u can try google checkout but keep in mind they are raising fees to same or even slightly higher than paypal from May onwards so they are greedy for money and stupid as well and they like screwing adsense publishers so i don't like them personally.
To Shadedream , i am defintely in favour of your idea and making it as big as possible. If all of us put in abit of effort , we can easily spread the anti paypal message easily. Imo, the best way to hurt paypal is
a) use legal process via collected complaints to make them change their terms of service and practices
b) generate enough bad press in mainstream media, a PR nightmare and smear campaign
c) ensure as many as 50% of the customers close their account with paypal before paypal close theirs and steal their money. Smear campaign again. Hit them where it hurts.
The internet is run by web users and specifically, community of people. It's the last fucking place on this planet where anyone is free and not owned by any god damn coporation, company or government. I'm damn sure tired of coporations like paypal, ebay and google playing games and
screwing the common people even in this current economic crisis to feed their overweight CEO bonuses packages.
How do the rest of u guys think/
That's all for now. FUCK PAYPAL. LOL.
