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PayPal Settles NY Probe, But Faces Others

Posted by timothy on from the probe-away-captain dept.

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."

5 of 218 comments (clear)

  1. first by Anonymous Coward · · Score: -1, Offtopic

    post

  2. I JUST SETTLED AN ANAL PROBE, BUT FACE OTHERS by Anonymous Coward · · Score: -1, Offtopic

    n/t

  3. Re:Xenu implanted my body thetans liberally by Anonymous Coward · · Score: -1, Offtopic

    Did he implant the thetans anally?

  4. More details.. by Anonymous Coward · · Score: -1, Offtopic

    ..available here.

  5. Re:I feel the problem is by cyt0plas · · Score: 0, Offtopic

    The 800 number is for businesses - personal accounts have to call long distance (or local if they just happen to live local to it).

    --
    Contact Me (got tired of viruses emailing me).