How Pay-Pal Squeezes Merchants with Unfair and Likely Illegal Business Practices
PayPal takes advantage of its indispensability and its customers. Backed by finely crafted disclaimers, the “faster, safer” online transactions company seizes merchants’ funds and refuses to tell them why. On the basis of eBay’s 2010 Annual Report and statements from PayPal representatives, there is good reason to suspect that the company not only protects itself with that money, but also invests it for its own gain. And in the process, it may violate state laws.
