When a company makes a change or addendum to the user agreement/policy such as what I pasted below, one has to wonder why. Why should confidential criteria be used to control information that a customer or user does not understand?
There are explainations for actions taken by Pay Pal and holds are placed on money that is paid by one party and that party is expecting that it is just being paid to whom they are buying from it is no longer between Pay Pal and a single user. It is among three parties the buyer -Pay Pal-and the seller. So stepping on money that is only meant to be exchanged from one user to another for undisclosed reasons like risk management and security procedures is very similar to how organized crime like street gangs, or Mafia conduct business. The risk managment and security of a large corporation should not be shouldered by the customers that pay to use the service provided.
It is a very sad situation and if it is Pay Pals interest to protect money and stop crime from taking place.
Then change the whole policy to...
that Pay Pal can and will hold money that moves between two users which may cause delays due to a judgment made in secrecy by Pay Pal and if Pay Pal feels like it, the money will be absorbed and one user will be charged for a loss Pay Pal wants to claim as a loss which may also be covered for by whatever insurance covers pay pal for loss or damage....
Seriously read the new policy changes... Here... About actions and holds
-right boss? I mean, money peddlers, holders,keepers,finders,...
Seriously ?
Actions by PayPal - Holds. We have updated our disclosures in Section 10 relating to your liability and the actions we may take. A User’s rights, responsibilities and liability under this section have not changed except for the addition of your acknowledgment that our decision to take certain actions such as holds and reserves is based on confidential criteria, and your agreement that we have no obligation to disclose the details of our risk management or security procedures.
