PayPal Settles NY Probe, But Faces Others

Coneasfast writes "PayPal, which is owned by eBay, has admitted misleading shoppers into believing it offered credit-card-style protection and has agreed to pay $150,000 to settle charges. There are many sites out there which are dedicated to the problems of paypal, including PayPalSucks and PaypalWarning." Reader ipandithurts links to this related Reuters story, pointing out that the New York investigation isn't the only PalPal probe: "PayPal's practice of suspending users accounts while investigating suspicious transactions continues to be review by the FTC. While the rate of fraudulent PayPal transactions is less than one-half of one percent, the volume of more than $12.2 billion last year keeps Paypal caught in the middle of many disputes."

Comments

Fuck Paypal

[Anonymous Coward]

I just got my check for $62 back from those bastards after my account was frozen for over 18
months forno other reason other than my refusal to
let these snakes have the ability to withdraw and
deposit funds into my checking account. This
after many months of problem free transactions on
Astromart.

I hope Paypals problems don't end with NY. Fucking pigs. Talk about assholes that unilateraly change
TOS on a whim. Burn in hell fuckoes.

- Moomin