PayPal a scammers best friend
As a service provider or small business for that matter. I lose monthly mainly to PayPal regularly holding funds due to random security checks which are the exact same questions and requirements needed me to send them the very invoices I created in app to prove client relationships. Proof of vendors orders I mean it’s the exact same every time but your money is held for 3-5 days after providing this information. Also going over your expected sales volume in a month puts all other sales on hold for 21 days!!!!. Meaning if your intake threshold is $5000 for the month and you make $8000 in sales $3000 is held for 21 days and as a service business that requires deposits once you reach your threshold for the month your deposits will be on hold for 21 days and that will put you out of business and definitely let the competition cater to your clients much faster I’m highly unsatisfied with there business practices and processes🗣️ hard no for reference from me Ive processed $60k through PayPal this year and lost about 15% of that to PayPals business practices. 😞 Also let’s mention PayPal working capital and PayPal loans all a ploy. The people that need this money to flourish in business don’t qualify the people that have no use for it at all qualify so what’s the point if it’s not set up to actually help people that need the help. Hey!! Free gas at the local station but you need a Rolls Royce to get it! Paypal you have made money off of my small business from processing fees and much more off of holding my funds and rewarding customers who scammed my business by charging back after rendering services. And in the cases where I win you hold my funds for 90 days while deciding if I get my funds back. Holding my funds and making investments against my funds is illegal just so we are clear!!