Hello: I recently received $245.00 from an individual via PayPal. I then received a message from PayPal indicating that my funds would be held for up to 21 days, and this is after PayPal took a $7.41 fee. My view is that for PayPal to hold funds for up to 21 days is unlawful, and PayPal's practice in this regard is done for the sole purpose of taking advantage of "float." Basically, float means that if PayPal holds my $237.00 for 21 days, and they hold this same amount from 999 other customers, then PayPal has "borrowed $245,000.00 (1,000 customers x $245.00) from us for 21 days without paying us any interest. Imagine if the number of customers and the dollar amounts are higher. This is unlawful and I fully intend to make the Consumer Finance Protection Bureau, the Federal Trade Commission, the BBB, the U.S. Attorney's Office, and the Missouri Attorney General know what PayPal is doing. Does anyone agree?
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