[LINK] Paypal shuts account because of donation to wikileaks

[Rick Welykochy]

Rick Welykochy wrote:

> Although paypal does indeed suck IMHO. The fees they charge are exhorbitant
> and there are many complaints of accounts being terminated unilaterally
> sans redress.

The comments in the blog post indicate (speculate?) many times over that
Paypal does terminate without notice large throughput accounts that do
not leave some funds in the account as a float.

Apparently they make most of their money by very short term investment
of the total float they are currently holding. And I thought that the $0.33
fee for a $1.00 transaction was a good source of income! Admittedly, the
percentage take falls off rapidly with larger amounts. I recently sold a
pile of goodies on eBay and between that company and eBay, I lost about
15% of my takings. I am now considering cancelling both of those accounts.
There is e-commerce after Paypal.

cheers
rickw


-- 
_________________________________
Rick Welykochy || Praxis Services

When the government fears the people, there is liberty.
When the people fear the government, there is tyranny.
      -- Thomas Jefferson