See my comment below: they just seized (not frozen, seized) 50k EU from us in a targetted attack against our company and shareholders because we took legal counsel when they froze the accounts.
To highlight how insane this sounds: let's assume, for the sake of argument, that your 50K is suspected to be cocaine money. There exist exactly two outcomes: either you are exonerated and you get your money back, or you're eventually found guilty of something, and the government takes the money.
But Paypal? They have zero claim to the money, and they could be in hot water even for merely holding on to it.
But to seize it? There is just no way that any bank involved in AML enforcement can keep funds for themselves, and any supervisory authority who's handed evidence to such a practice would tear them apart.
From what I understood, Luxembourg's consumer laws are more loosely defined than that of other EU jurisdictions - which makes the type of T&C that PP has established easier to maintain.
Hopefully it's one more nail in their coffin.
All the best, hope this is the beginning of their end.
Between companies and banks doing this, our own government allowing civil forfeiture, and the penalties- of there even are any, are a monetary slap on the wrist, what recourse do we have?
We can't even change the laws because money lobbies and always wins.
I really hope this is the tide changing.
> Federal prosecutors have said the harassment included anonymous deliveries of items like live insects, a funeral wreath, and a bloody pig face Halloween mask to the couple's home. The employees also sent pornographic magazines with the husband’s name on it to their neighbor’s house and planned to break into the couple’s garage to install a GPS device on their car.
https://abcnews.go.com/Business/wireStory/couple-ebay-harass...
> September 2014 onward: It is announced that PayPal will be split off eBay. The split will be completed by the second quarter of 2015.
It was dumb to see eBay send two verification payments to “authorize” my bank account, of 1 cent and 3 cents, and after confirming, they let me know that they were going to take their 4 cents back.
But I can see people being frustrated by verification payments throwing their bookkeeping off, especially by a (literally) random amount.
I’m used to the amounts being larger and thinking “hey, a free dollar almost”, but if they are random, 1 cent and 1 cent are entirely possible.
In my experience, it’s 2x double digit amounts, not two single digit amounts. I guess if they’re clawing it back, maybe my low sums are out of randomness, or maybe they’ve really lowered the cap on the test deposits (less float/fraud loss but less security?).
Let's say you want a random number between 0 and 91, you can take up 9c times 2, for a maximum of 18c, giving a much lesser chance you can guess the number on the confirmation. Otherwise, for the same range you would take up to 91c out.