7 On Your Side
PayPal to get aggressive on fraud
The current policy is somewhat of a mystery, but the bottom line is: if PayPal suspects you of fraud, they will freeze your funds for three weeks and in rare cases, up to six months.
Critics say that has left innocent people, small businesses and even charities without access to their own money. Very little is known about what triggers the action, but PayPal is now promising "aggressive changes" in a few months.
After our report in September, PayPal began meeting with Consumers Union to address the concerns. The payment processing company promised to make changes back in November.
This is the first time the company has given us any sort of timeline. Consumers Union has a meeting with PayPal scheduled for Feb. 8, 2013.
paypal, 7 on your side, michael finney
- Albertsons parent Cerberus to buy Safeway 48 min ago
- Peninsula cold case murders linked to Reno killing 46 min ago
- Oakland mayor to deliver State of the City address
- Stockton port officials happy to receive Google barge 55 min ago
- Senate blocks change to military sex assault cases
- Oakland teen accused in AC Transit fire in court
- Batkid was scheduled to appear at Oscars
- Bryan Stow attackers charged with federal crimes
- Some have privacy concerns with wearable technology
- Isaiah Washington returning to 'Grey's Anatomy'
- Astronauts discuss impact of social media in space
- Wheel of Fortune is coming to Northern California!
- roundup: Nob Hill gas leak; Scam warning
- weather: Bay Area weather forecast for Friday
- Peninsula cold case murders linked to Reno...
46 min ago