I have used paypal several times over a15 year span, and have come to the conclusion they ue the "pending" time to accumulate entries to some ledger as a financial leverage tool. In some cases,so I have been told, there have been employee use of financial data for personal gain, or outright theft from hackers, etc. Over a week past I ordered software from TIGER DIRECT website, used paypal to pay for it, with VISA card. On the day of expected delivery, I find Tiger did not have the item in stock, BUT did have it at the time of the order. DUE to paypal delays, they sold out and would not get any more for several days. MAYBY,,,So I cancelled the order, WED, yet paypal refused to cancel the HOLD on thr funds. Calls, emails, from Tiger and me, to re-iterate the cancellation, over a three day period have YET to free the funds. This prevents me from ordering the product frim another company that had the software in stock, but could not get the charge cleared on VISA due to the hold by paypal. This domino effect has been costly and aggrevating on MORE than three occasions, and cost me added embarrasment, time, and money to do some work around, due to the limited funds and income constraints.
PayPal has yet to answer ANY of my emails, and the girl I spoke with in INDIA could barely speak english, let alone explain why it takes three days to CANCEL a transaction AFTER being told by the merchant that the funds would NOT be claimed..
THIS sort of deciet, is common with paypal, based on my years of experience, and these foreign holders of our financial info can very easily expose us to RUIN, as some have done, to me, on more than one occasion. I strongly reccomend CANCEL your paypal acct, RUN from thier offers, CHANGE your bank access, get another credit card. The potential for ID Theft is HUGH, and the last time they did this to me, it took me years toget cleared. More-so, I am stuck with product from past deals that were DOA, such as the APC batteries, listed as NEW but WAY past thier warranty date. I uspect, this is part of some larger financial scheme, that takes small amounts of potential funds, to add together into some larger balance sheet, then leveraged, even for a day, to play the monetary markets. WE are the unwitting dupes and victums. Granted my fifty years of lae enforcment may color my judgment, and having had a few bad experiences with paypal serves to indicate a pattern of deception and trickery....but THREE days to cancel a hold, when it took ten seconds to TAKE the money, is poor dealing.
