[ NNSquad ] PayPal: 'Aggressive changes' coming to frozen funds policy

[Lauren Weinstein <lauren@vortex.com>]

PayPal: 'Aggressive changes' coming to frozen funds policy

http://j.mp/WbDnXY  (CNN)

    The company routinely freezes funds for 21 days if it thinks there's a
    fraud risk, and its terms give it the right to extend the freeze for
    up to 180 days. To get access to their money, users are often asked
    asked to provide the kind of documentation that a product seller would
    have, like several months' worth of sales records. But if you're
    running a fundraiser or selling tickets to an upcoming conference, you
    don't have that paperwork.  Even for those with extensive paper
    trails, the appeals process can take months to resolve. The Web is
    filled with enraged blog posts, websites like paypalsucks.com, and a
    Tumblr called "Conferences Burned by PayPal."

 - - -

--Lauren--
Lauren Weinstein (lauren@vortex.com): http://www.vortex.com/lauren 
Co-Founder: People For Internet Responsibility: http://www.pfir.org/pfir-info
Founder:
 - Network Neutrality Squad: http://www.nnsquad.org 
 - PRIVACY Forum: http://www.vortex.com/privacy-info
 - Data Wisdom Explorers League: http://www.dwel.org
 - Global Coalition for Transparent Internet Performance: http://www.gctip.org
Member: ACM Committee on Computers and Public Policy
Lauren's Blog: http://lauren.vortex.com
Google+: http://vortex.com/g+lauren / Twitter: http://vortex.com/t-lauren 
Tel: +1 (818) 225-2800 / Skype: vortex.com
_______________________________________________
nnsquad mailing list
http://lists.nnsquad.org/mailman/listinfo/nnsquad