Agree with OP, there aren't 350 million happy users...There are users that had no other method of payment processing other than the monopoly known as PayPal. Thankfully those 350 million customers is about to take a nose dive with eBay processing it's own payments. The hold on funds is fine, when it's through eBay to verify delivery of a product. However, to have an additional hold after the transaction has finalized implemented by PayPal is pure BS. eBay has their own fraud protection measures as does specific card services. In fact, the PayPal fraud protection does absolutely nothing for either party! I filled a claim against a chinese company for sending me a product that wasn't what I ordered, and then demanded I pay the return shipping in order to get a refund, return shipping with tracking and signature service at that. Needles to say I had to take the case to my card service. There is ZERO protection from fraud at PayPal, just a straight scam and means of skimming your money.
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