You may have a point regarding the class action suit. Because PayPal is holding our money hostage to make the interest from it, and the person who said, "that's just business, can't blame them for wanting to make money" is flat wrong. By tying up our funds for 3-5 business days in this age of intantaneous electronic transfer of funds, they are essentially stealing money from their customers, a very poor way to do business. I will be looking for an alternative way to make payments for online purchases. I ordered quite a few items that I wanted to arrive before Christmas, only to find that PayPal had somehow dropped the credit card which had been attached to my account, thus putting me in the position of having to wait for that clearance, even though the funds have been transferred from my account. In one case, the vendor I was purchasing from is going on vacation, and if my funds are not cleared by PayPal by Dec. 19, which they will not be, they will not be shipping the item until Jan. 9th, which makes my Christmas gift almost redundant. And I am stuck with this? Is there any alternative? I realized after the fact that I could have my funds released immediately if I added a credit card to the account (there used to be one associated with this account) almost by accident, rather than anything PayPal did to advise me of this loophole. Shoddy. And if they can release the funds immediately if you add your credit card, doesn't that kind of negate the excuse of the employee that there is some sort of unwieldy federal reserve process which is causing our monies to be withheld. Not buying it, Pay Pal.
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