Paypal admits we did nothing wrong. After all, our account is 14 years old and we have a top-notch record in great customer service and very few customer disputes. But, still, out of the blue, Paypal informs us with absolutely no notice that our account is limited to an arbitrary amount of revenue each month and once that limit is reached, revenue received will be held for 21 days. Why? Because they deem our product to be at a "high risk of customer dissatisfaction" -- for the first time in 14 years. The ridiculous thing is, however, that over 90% of our revenue are the same customers simply renewing their subscriptions -- many for over 10 years! I think it's safe to say they're pretty satisfied. Meanwhile, we have a Working Capital loan, which is automatically paid from our revenue. To now limit my revenue affects my ability to repay back the loan. Sounding like a scheme? It is absolutely a violation of the terms of my Working Capital Loan Agreement. Surely, Paypal will not have the audacity to state that they will pay the loan payment from held funds. Any funds that one possesses that belong to another must be held in trust -- in escrow. If Paypal thinks they are going to use my money to pay themselves along with loan payments with my held money -- but not pay me my money -- they better think again. I will absolutely, surely, without any hesitation sue Paypal for a declaratory judgment and damages -- and it will not be in small claims court or in front of an arbitrator. These kinds of financial schemes nullify arbitration clauses. Paypal should reverse this ridiculous hindrance to my account. If not, on Monday morning, I will direct my staff to begin changing over every recurring revenue subscriber we have with Paypal and by the end of the day, Paypal will be history. I can be a great customer for Paypal -- or a thorn in their side. If not resolved to my satisfaction, Paypal should budget in some time for their lawyers to deal with me -- and to respond to my lawsuit (s), along with the complaints I will file with the Federal Trade Commission, the Office of the Comptroller of the U.S. Treasury, the Consumer Financial Protection Bureau, and with my elected representatives (both Senators and my Representative). This kind of corporate-greed, bullying-the-little-guy **bleep** is not going to fly with me. I have been good to Paypal and paid Paypal a fortune in my lifetime. I demand better. My father always told me "only pick fights with someone who has more to lose than you do."
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