…PayPal is a bona fide criminal conspiracy to harvest interest-free loans and is a weapon yielded by the rich to kill small businesses Well, if you want to do a deep dive into PayPal/Venmo and their shady tactics, look no further than the PayPal and Venmo subreddits.
It is an endless stream of people who opened small businesses, used these services within the scope of their TOS, and still managed to have their funds seized for an indeterminate amount of time.
Alternatively, Google search results will also serve as an endless source of these claims.
I am a coin dealer. I've been doing it in a hobby capacity for the last 10 years and started getting serious about it in 2019. Even early on, I knew something was wrong with PayPal. Every now and again, some god-fearing Christian boomer who had used it for their coin business since their inception, would fly off the handle that their account got shutdown for no reason, their funds seized, and they struggled to get this money back to them. PayPal claims they only hold it for 180 days, but they almost never return this money to people.
Turns out, you can create obstacles for people trying to get their funds back. You simply toggle their account as fraudulent, or as running a money laundering scheme, or claim it is a national security issue or that it falls under some type of weapon, and you can even get the government involved to delay the return of funds even further.
In these high interest environments, these seized funds serve as 0% interest loans for PayPal.
Now I know what you're thinking. The government will surely step in. The problem is, most politicians who could change how PayPal operates own a sizeable amount of shares. Why would they ever go against their own best interests for a bunch of poor people?
Here's how the scheme works. You set up a legitimate small business on etsy or eBay and it takes off like a rocket. It doesn't make sense to pay fees listing on this platform anymore. You setup a private website and need a payment processor. PayPal has attractive fees so you sign up with them. You build a war chest of say, 10k, and wake up one morning to an email from PayPal that they're holding all your money for "180" days. You've somehow managed to fall into a terms of service violation by selling concert tees and handmade mugs.
You try to contact them but get automated AI prompts. If you ever reach a person, they have a loose grasp of the English language and can't help you anyway. In fact, they're not paid to help you at all. They're paid to frustrate you as much as possible so you give up and PayPal can keep the money.
You escalate and finally move it up a service level or two but get nobody helpful. They tell you that you can sue. However, it is expensive to get an attorney and sue someone, let alone a massive corporation with a warchest of everyone else's money. At the end of the day, they also crippled your source of income, so there's no recourse. You wait the 180 days, thinking PayPal will return your money.
Except they don't. I've met people who have been waiting a few years for their funds. PayPal can setup barriers every step of the way as an excuse to not refund them.
You're savvy so you think, you know, I'll just setup a Venmo account and take payments directly. Except, they're owned by the same company and all you've managed to do is jump from the frying pan into the fire. They collect your IP, name, address and social.
You rebuild your business, build a 10k war chest, and "randomly out of the blue", your account gets banned and funds seized. You go through the same motions with them that you did with PayPal. You escalate up a level or two and finally get someone who can help.
They inform you that they've cross referenced the data and discovered a banned PayPal account and they'll be keeping the funds for "180 days".
I know what you're thinking. Isn't this some type of fraud? Well, when you own the regulators and government and you're never held accountable, the chance of you ever seeing consequences for your actions is low. You toe the line of your terms of service and victim-blame every step of the way. In fact, you should take note the amount of victim blaming that goes on in subreddits and web forums when someone speaks out.
Accusations of selling drugs, defrauding people, or working against America as some kind of terrorist come flying at you like a firehose until you delete your post and try to move on with your life.
And of course, nobody lives forever, so this money that is stuck in limbo sometimes belongs to people who pass away. It becomes part of their estate. Surviving family members (if there are any) would have no idea you even had this going on. PayPal pockets the money. It's pure profit.
I've been banned from web-based internet forums for pointing this out. I'm still banned or shadow banned from finance subs here on reddit. If you don't believe me you should go to some of them and start asking questions. Wallstreetbets will absolutely ban you. Turns out the moderators there have huge positions in PayPal.
Anyway, this is turning into a novel, but I think I've hit the nail on the head with this one. I hope I'm not banned here, too. It's really easy for these people to hide under the guise of money laundering, banking regulation, and foreign weapons sales while stealing your money legally and harvesting 0% interest loans from the working class. Baked into their money-grab is the side effect of killing small businesses. You can never have competitors if you kill every small business when it is still a babe in its cradle.
IMO, this is the largest bona fide, actual criminal conspiracy hiding in plain sight since FTX.
Additionally, I think eBay got nervous about this in 2022, and is why they switched to eBay managed payments.
I will “explain” my problems to them in strong terms.My business was bankrupted by Paypal. My marriage failed due to the stress of unpaid bills. If I ever get the chance to meet any Paypal executives (and I am actively looking) I will 'explain' my problems to them in strong terms.
Your thread title is literally a truism. And it goes across domains.LowIQTrash » 21 Jun 2024, 12:18 am » wrote: ↑ “But…but…they worked hard for it!”
https://www.reddit.com/r/conspiracy/com ... criminal_c
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They know better than to say it outright...
The Clintons always do 2 bullets, not 1…for an excellent reason
It's just a coincidence that the Clintons have so many acquaintances who have either committed suicide or else have died mysterious, violent conveniently timed and deaths that looked like politically driven assassinationsLowIQTrash » 21 Jun 2024, 8:20 am » wrote: ↑ The Clintons always do 2 bullets, not 1…for an excellent reason
This person would do well to remember that
GHETTOBLASTER » 21 Jun 2024, 10:36 am » wrote: ↑ It's just a coincidence that the Clintons have so many acquaintances who have either committed suicide or else have died mysterious, violent conveniently timed and deaths that looked like politically driven assassinations
Embezzling money is conclusion, conspiring, economic sedition or seduction into believing life has no meaning without a social consensus of people wanting more than life does naturally living this rotation.LowIQTrash » 21 Jun 2024, 12:18 am » wrote: ↑ “But…but…they worked hard for it!”
https://www.reddit.com/r/conspiracy/com ... criminal_c
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Peer review? Is that defined family unit, 5 gap ancestral lineage, 10 gap ancestral lineage, 100 gap ancestral lineage, then comes every other ancestral lineage that exists between intellectual longitudes, temperate zone latitudes social attitudes, We are better than you.", personal platitudes "I and we are exempt or exceptional to any other form of life." in this atmosphere limited to adapting as displaced since conceived so far.LowIQTrash » 21 Jun 2024, 10:45 am » wrote: ↑ I didn’t see a peer reviewed study on this subject matter so it must be fake news
It's absolutely chilling how much power the [[[JWO]]] has over their flock to reject common sense and to embrace all things that have a very low probability of being true.[like the Clintons being "accidentally' associated with so many folks in their lives who have conveniently died.LowIQTrash » 21 Jun 2024, 10:45 am » wrote: ↑ I didn’t see a peer reviewed study on this subject matter so it must be fake news
They did it to me after 22 years!
LowIQTrash » 21 Jun 2024, 12:18 am » wrote: ↑ “But…but…they worked hard for it!”
https://www.reddit.com/r/conspiracy/com ... criminal_c
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Thank you sir.
Good luck getting a hotel when every stay requires a "deposit"Warcok » 21 Jun 2024, 3:13 pm » wrote: ↑ I stopped using my bank card at gas stations to fill-up because they put a $75 hold on your card for 3 days.
Every reality requires an oath of obedience until death does one depart living eternally separated today since the rotation of this planet they were conceived to replace their 30 previous ancestors that combined 93.75% their unique time adapting here so far..LowIQTrash » 22 Jun 2024, 12:25 am » wrote: ↑ Good luck getting a hotel when every stay requires a "deposit"
Every Silicon Valley startup operates at a massive loss for years to gain market share. I highly doubt Paypal used this criminal tactic until they were one of the top 3 payment processors in the market; otherwise their reputation would be irreparably tarnished.Vegas » 21 Jun 2024, 12:59 pm » wrote: ↑ Interesting. Was this how Musk set it up when he started it or did they start doing this after he left?