It sounds like they screwed you too, and your defending them?
It sound suspiciously like they just want to keep the money for as long as possible. Collecting interest on your assets is a clear profit motive.
It sound suspiciously like they just want to keep the money for as long as possible. Collecting interest on your assets is a clear profit motive.
Yes they can earn interest on money, but it's much more likely to me that they are covering their asses about the money rather than earning a small amount of interest on it.
Paypal has to deal with a lot of fraud. If you listen to the owners in interviews they say they lost a ridiculous amount of money in the early years to fraudulent users. It is reasonable for them, in my opinion, to make sure the money was owed to you before giving it to you.
Now think of the amount of money going through paypal or sitting in paypal accounts, that is a fair chunk of change.