PayPal's web site has now been "down" for five days. Interesting, eh? Thousands (if not millions) of people are currently paying for auction purchases via PayPal, and the money is unavailable to the seller. God help the small entrepreneur who ends up with all their operating capital locked up with PayPal.
PayPal is currently the defendant in a multi-million dollar class-action suit. The suit accuses PayPal of doing basically what they are doing right now!
Am I ever lucky! I cleaned out my PayPal "bank" account last Thursday, just before the big crash... That is, if my money really does make it to my bank.
PayPal continues to be the monetary cyber tyrant.
A link to the class action suit information:
http://www.settlement4onlinepayments.com
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