Paypal Agrees to Consumer Protections

davidwr writes "Paypal settled a suit with Maryland and 27 states. Among other things, they'll conspicuously advertise a contact phone number and staff it 14 hours a day and be much more forthcoming about when they will debit your bank account. For those of you who think Paypal Sucks, well, starting soon it sucks just a little less."

Comments

Re:PayPal not sucking?

[Aladrin]

This is modded Funny, but he's absolutely serious. Paypal can and will block your account and SEIZE all of the money in it for any reason whatsoever. Not liking your name is a new one for me, but I've seen plenty of hardship on the web. Newzbin.com, a usenet indexing site, regularly lost thousands of dollars at a time to this practice. They would petition and be re-instated, but lose all their money. It was their main payment method, and most of their customers preferred it, so they kept dealing with it... Until it happened like 3 times in 3 months. They finally called it quits and use other payment methods now.

Paypal DOES suck. And they SHOULD be regulated like a bank. I suspect their business model might have issues if they do, though.

I hate when websites advertise paypalsucks.com

[adzoox]

It is run and sponsored by the competition. The webmaster tries to deny that saying he's just advertising alternatives, but the alternatives advertised on paypalsucks.com are FAR WORSE and just fronts for laundering and identity theft.

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