I have the same issue and I am contacting the NYS Attorney General. This is a Paypal SCAM!! They are making a STAGGERING amount of interest on the float of everyones money they hold. PayPal takes your money out of your account instantly and holds all incoming amounts. They then have the audacity to not send the money back to your bank account for days. This is so they can have the float on all this money, which even in this low interest rate environment has to amount to a staggering amount of interest for them considering how many people use Pay Pal and Ebay. In my particular case. I paid a large merchant for two of the same transactions neither of which went thru at the merchant and the merchant refunded me right away. Both payments / refunds are being held by Paypal for an unforeseen amount of time and when they finally hit my Paypal account I have to go thru a whole process to get it back into my bank account. This has to be illegal and is definitely a SCAM. No matter what Paypal says they have my money and they just do not want to give it back for a while so they can make something off the float. If there are others, and I am sure there are by reading some of the posts here, there are many, we should band together and contact the authorities, regulators, and start a class action lawsuit. Please indicate your level of interest by answering and we can figure out how to proceed. I will be calling the NYS Attorney General's office today to get a legal opinion and start the complaint process rolling. PayPal Holds are a Scam contact State Attorney General and Start a Class Action Lawsuit Interested?
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