A PayPal horror story

posted by Jason Kottke Dec 23, 2009

Use PayPal for your small business? Maybe you shouldn't.

Money in your PayPal account will be held for 180 days. After 180 days, we'll email you information on how to receive your funds. We regret any inconvenience this may cause.

Nice. PayPal can unilaterally decide you're being fraudulent and keep your money for six months while they collect the interest on it. Holy fucking conflict of interest, Batman! Are banks just naturally customer hostile?

Update: Feedback from several people: PayPal is not a bank and therefore they can do (and do do) anything they want.