posted on April 2, 2001 10:12:27 PM
DAMON get your facts straight.
AFTER PAYPAL RESTRICTED MY ACCOUNT FOR NO REASON,I REQUESTED THAT NO DEPOSITS BE ACCEPTED TO MY ACCOUNT BY EMAIL AND TELEPHONE AND PAYPAL CONTINUED TO TAKE OTHER PEOPLES MONEY TO OFFSET THE NEGATIVE BALANCE IN MY ACCOUNT.TELL THE PEOPLE THE TRUTH AND QUIT LYING.THE PEOPLE THAT PUT MONEY IN MY ACCOUNT HAD TO THREATEN LEGAL ACTION AGAINST PAYPAL AND I HAVE THE EMAILS TO PROVE IT.YOUR ARE A PUPPET THAT SAYS WHAT YOU ARE TOLD SO I REALLY DON'T HOLD IT AGAINST YOU.YOUR JUST LIKE THE OTHER SUPPORT PEOPLE AND EVERYONE THAT HAS CALLED PAYPAL KNOWS ABOUT THAT.
I am aware of the details of your case and what was discussed. I am simply going to restate the following:
club1man is making a number of incorrect and possibly illegal assertions about PayPal on a number of public Internet forums. The simple truth of the matter is that club1man's e-gold business attracted a large number of credit card payments that were unauthorized or disputed, and "charged back." As is standard in the payments processing industry, and in accordance with our Terms of Use, PayPal paid these "chargebacks" and then sought to hold club1man liable for these repudiated payments, as we do for any seller who has not qualified for our generous Seller Protection Policy. club1man did not qualify for this protection due to the nature of his business, has refused to abide by our Terms of Use, and has refused to accept his financial and legal responsibilities to our company. As a result, we have ceased doing business with club1man and will pursue legal action to recover the funds he owes us. We believe he may now be seeking to further avoid the legal ramifications of his actions by spreading erroneous information about our company. This, too, will be the subject of any legal proceeding.
PayPal's 7 million members send over $8 million in nearly 200,000 separate payments through our network each day. Very few of these transactions ever result in a dispute. To help protect members against those that do, we provide a Seller Protection Policy, that holds sellers harmless against chargebacks if they take certain preventative measures. This has helped PayPal maintain one of the lowest fraud rates in the industry and to become the #1 online payment service. Thank you for your interest and support of PayPal."
[ edited by paypaldamon on Apr 3, 2001 12:51 PM ]
