Ok. I've been a PayPal user for about 5 years (it's been on big headache). My company was an LLC when we started using PayPal, we reincoporated as and s-corp and notified PayPal.
That's when the nightmare began.
PayPal limited our account. Asked for proof of documentation, of business license and address. PayPal told us that as soon as we provided these documents as long as they were real, our account would be re-established. So we complied.
We provided a city & state business licenses and a telephone bill at our new commercial address.
You think this would solve the issue. It didn't. They then wanted a utility bill from the power company. PayPal said provide us with a copy of your bill and we'll get your account turned by on. So we complied.
Again this didn't help. Now they said to us "This isn't enough, we want a copy of your driver's license". So I complied.
Again this didn't help. Now they said "We want proof of your physical address of your residence". I told them it's on my driver's license.
They said we want more documentation.
Ok... So lets cover what they have so far.
City Business License
State Business License
Telephone Bill
Power Bill
Driver's License
DOB
SSN
EIN
Contact Information
Now think about all the information these documents contain.
So I told them you guys are violating my rights as an american to conduct commerce and trade in the United States. On top of that you keep stringing me along like your setting up a nazi dossier on me, without providing full disclosure of what your intent is or how deep you plan on digging, or even if I provide you with all this very personal information what your going to do with it. I have provided you with all the necessary documents to conduct business in the United States. I told them any further documentation they'd have to contact my legal counsel, and provide full disclosure of their intent.
All they would tell me was "a third party" required this information... A THIRD PARTY!!!
I gave no permission for a third party!
PayPal is collecting dossiers on their clients for third party purposes!
Which if you want my opinion is a direct violation of the FCRA and FTC regulation regarding consumer rights.
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