- Once your processing through them gets cranking, they hold your money without a gun....but, with only the click of a mouse.
They also force someone to register for an account with them if they use Paypal to make a credit card payment. Sounds familiar?
A friend once said this to me, and I think you can agree with me on this - "We have the 'Open' Platform, it should apply to the transfer of money too."
Now, without trying to sound too idealistic...this sounds like not too bad an idea, since the processor as intermediary, is the one ultimately controlling the funds for on-line payment processing. And they are entrusted to handle that process so that both parties accomplish the transaction.
In eBay/Paypal's case, they just 'hold' the money without interests. And that's interests plural since you get no interest on your money, and they have no interest in you or anyone involved in the transaction as customers. It took them almost 4 months to even look at my accounts and I had to email execs and threaten them.
Doesn't sound like good corporate responsibility does it?
Please try to use and encourage alternative processors:
http://www.screw-paypal.com/alternatives/alternatives_general_recommended.html
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