unblocking of personal accounts

Val2023
Contributor
Contributor

 

PayPal is most likely making profit by delaying as much as possible the unblocking of personal accounts because they earn interest on your money. Interest gains on a small amount does not seem like much, but cumulatively, by doing this on many accounts for millions of dollars, it must amount to a LOT of money. The process of making profit of consumer's money being held in company's account is explained here by Dagogo [removed] on his ColdFusion YouTube channel: [removed]

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kernowlass
Esteemed Advisor
Esteemed Advisor

@Val2023 

 

The amount of interest they make on limited accounts is far less than the amount they would earn on fees by that person continuing to trade, so a ban is a last resort. 


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