Thanks all - Prime example of my headaches - I've never had any issue - it's just them sticking their noses into your business... I get fraud is rampant and I guess it's good they are careful, how about this one... I sold a bunch of pre-orders lately of course with POTC and AFMRs too - so I get a bunch of $ 1000 deposits and I get an email saying they are holding thousands of dollars in funds until I send them copies of my invoices to show I own the property I'm selling... Privacy anyone ? What business is it of theirs ? Nobody's lodging any sort of complaint, but they just think - hey we should hold this guys money hostage until we bust his balls. I guess given the uptick in transactions they have to look at it... But I pay them $ 1000 plus a month, have accounts for 20 years on both personal and business accounts, great credit score, etc.. no reason for this other than they can. There's been other little things over the years but how would you feel if you put money into your local bank when to withdraw I and they said, oh we need to see your paystub to show where you earned this... Ridiculous.
I primarily use them for payments on games - mostly deposits as I don't want to be using them for bigger final payments due to cost - mostly we then use checks and wire transfers. They also are my credit card provider just out to convenience but frankly I don't get a lot of credit card transactions... I just haven't had the time to find another provider to do so as it's not a big deal.
My main concern is the fact everyone has paypal and when I need to accept payments I can't go tell people to go sign up with another service. Unless ones like square etc... don't require that and I can just invoice people... We are all so used to just saying 'paypal me $x to this email'... and it's done.
I guess I'm stuck with them. I can deal with them holding money here and there, but if they do that to businesses that live hand to mouth day to day they'd put them out of business.
Rant over ! : )
Joe
Dallas, PA
