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Forum Post: Occupy Paypal, billions in rolling resever for 6 months, no tax, no interest to people

Posted 8 years ago on Oct. 18, 2011, 11:13 a.m. EST by AllUnited (7)
This content is user submitted and not an official statement

occupy paypal. Paypal has billions in rolling reserve from people and small businesses. They pay no interest, no taxes and claim the money is there, in the webpage, right. They keep the money for 6 months, 10% to 20% of all income, no matter seller or buyer, they changed contract in 2008 more than 55 times in one single day but before that they started to take 400+ million from accounts in the USA and UK, the 2 most crooked countries. Paypal is a scam, an Occupy Paypal section must be created, Paypal is not a secured bank and thus, is a risk if you have money there, money on "hold" with absolutely no reason for 6 months. Another Rolling Scam created when everyone used to be stupid, now, everyone waking up, we should stop this scams and paypal is in Wallstreet, they control a big part and they should not get away with it. Occupy Paypal, who will start it?



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[-] 1 points by nopaypal (2) from Brooklyn, NY 8 years ago

Ebay and Paypal were declared the government too big too fail

Should be labeled too big a fraud to exist

stop both political parties from supporting them how can we vote for either parties when they are both the same

[-] 1 points by nopaypal (2) from Brooklyn, NY 8 years ago

paypal is a fraud they shut me down for no reason other than being a competitor of the big boys

they froze my money ruined my credit harass me 24/7 by phone

get them shut down they are horrible a total ponzi scheme worse then madoff

[-] 1 points by superman22x (188) 8 years ago

Just so you guys know, since paypal is one of the only safe ways to make transactions online, there is a way to avoid the fee. When you send money to someone, send it as a "gift." And paypal will not charge a fee.

[-] 1 points by rickMoss (435) 8 years ago

Guys, we have to think bigger than this. It won't work in the long or short term. We have to stop throwing spit balls at tanks. It's like the Palestinians throwing rocks and sticks at machine carrying soldiers with guns and tanks. It's insanely ineffective.

FIGHT THE CAUSE - NOT THE SYMPTOM Read “Common Sense 3.1” at ( www.revolution2.osixs.org

[-] 1 points by alienrectalprobe (2) 8 years ago

Close your account with this Nazi corporation.

[-] 1 points by pissedoffconstructionworker (602) 8 years ago

I've always refused to patronize that company.

[-] 1 points by Halim (135) 8 years ago

I agree! I closed my account a while ago.

[-] 0 points by anonymouse (154) 8 years ago

Close those accounts! Don't use ebay!

If you are in NYC and you have a beef with paypal, here's your chance to get up close and personal with them.

Protest Paypal at their NYC Pop-up Store http://occupywallst.org/forum/protest-paypal-at-their-nyc-pop-up-store/

[-] 0 points by anonymouse (154) 8 years ago

Very interesting.

eBay Borrows $1 Billion while $3 Billion Sits Offshore http://blog.auctionbytes.com/cgi-bin/blog/blog.pl?/pl/2008/10/1224442789.html

[...] With the United States economy strapped for cash, eBay has decided to drain $1 billion from U.S. sources (banks*) while it keeps three times that much cash tucked away offshore. [...]

[...] ** From eBay's SEC filings about the $1 billion revolving credit facility withdrawal: Bank of America, N.A., as Administrative Agent (the "Agent"); certain lenders named therein; JP Morgan Chase Bank, N.A. and Wells Fargo Bank, N.A., as Syndication Agents; and Banc of America Securities LLC, J.P. Morgan Securities Inc. and Wells Fargo Bank, N.A., as Joint Lead Arrangers and Joint Book Managers [...]

[-] 0 points by anonymouse (154) 8 years ago

Don't forget how the #OWS movement was started. Wikileaks funds got held by paypal under the false pretense that they were instructed by the State Department to hold them. It turned out to be a baldfaced lie by paypal.

PayPal VP On Blocking WikiLeaks: State Department Said It Was Illegal http://techcrunch.com/2010/12/08/paypal-wikileaks/

PayPal Busted for Bogus Wikileaks Excuse http://gawker.com/5709579/paypal-busted-for-bogus-wikileaks-excuse

State Department: We did not ask PayPal to cut off WikiLeaks http://thecable.foreignpolicy.com/posts/2010/12/08/state_department_we_did_not_ask_paypal_to_cut_off_wikileaks

[-] 0 points by anonymouse (154) 8 years ago

PayPal should be included in #BankTransferDay. They (ebay, parent co.) have strong ties to Goldman-Sachs and other big banks which got bailouts.

Former CEO Meg Whitman had set up/was invested in some sort of financial scheme where she profited from every home foreclosure of the bogus loans. In addition she was involved in, along with Goldman-Sachs, a stock 'spinning' scandal, which prompted new SEC regs against it.

They (ebay) also got as huge taxpayer subsidized loan. The current CEO, John Donahoe, cracked jokes about being too big to fail and getting TARP funds.

They are well known for abusing their customers, selling fakes and counterfeits, cheap Chinese JUNK. Laying off Americans sending their jobs to Asia. Their foreign-based customer service is appalling.

They are the 1% epitomized.

Close those accounts.

Spread the word. It would be helpful if more people tweeted and blogged this info

[-] 0 points by anonymouse (154) 8 years ago

PS Don't use ebay either. They are one and the same. They use offshore workers. They hold billions of dollars offshore, sheltered from taxes. Their CEO gets paid more than they pay in taxes in fact they even got a tax refund.


They've also been exterminating small American Mom & Pop sellers in favor of huge, 'big box' operations, whom only sell cheap imported garbage.

They also abuse their members in too many ways to list here. The current atmosphere is Orwellian, even Kafkaesque as they constantly change policies in order to line their own pockets.

[-] 0 points by anonymouse (154) 8 years ago

Dis-occupy paypal. Close your accounts now. http://youtu.be/gXAbrF2ZtHg

If your money is being held unlawfully, file complaints with your state's agency which oversees Paypal's Money transmitter license. Find that here: https://www.paypal-media.com/state_licenses.cfm If your state is not listed search for banking regulatory agencies or comptrollers

There are also lawsuits under way against Paypal for these practices. go to letssuepaypal.com or search the web for Freid & Weiss law firm in Chicago Illinois.

There is another one for funding options glitches causing bank overdraft fees. Check the rustywebb.com law firm website, Paypal questionaire page: http://www.rustywebb.com/machform/view.php?id=8

[-] 1 points by AllUnited (7) 8 years ago

I liked this: Dis-Occupy Paypal. They have thousands of mine for almost 2 year now, I know fellows who have more than 100K in rolling reserve, they give absolutely no reason, they just say is a risk, even if you then sell 100 dollars a day, or a buyer only, they still keep the rolling reserve scam. Another monopoly issue, it is impossible to use any other alternative method, you can, but will give you problems all the time. Paypal says they will hold thousands of dollars because we are not trusted sources, use the money to give credit ( aka bill me later ) and MC credit cards, speculate about their gains in wallstreet so they can get more investors and because they will eventually refund the money ( 6 months is the standard scam ) they declare no taxes, the IRS should occupy these crooks. The USA and every country need the cash to operate as a country, instead of draining every penny from people who barely survive, I would like to see if a law firm can start a class action law suit against paypal, that is a 100% sure winning case, millions will join in and millions of examples can be gathered fast. Paypal is a scam used by banks, do not forget fellows, paypal is the secret power of banks, it is not bank and scams worst than any bank. IRS, if you are so serious and want to show once more the reason of why we should respect you, go after these crooks. We will all support you. Get paypal to pay the country and the people what they owe!

[-] 1 points by Nevada1 (5843) 8 years ago

Agree. Hate the feebay/chargebackpal system. Ebay used to be a nice thing, but now it treats the people who made ebay like trash. Another stink-bomb of a corporation. Our house is done with ebay and paypal. Best Regards,Nevada