@desertsoldier22 wrote:
The last Texas suit was regarding clear information on hold policy that must be revealed in plain langauge before a transaction can be intiated. The other is a 24hr limit on wire transfer holds the is part of the terms of Paypal's Texas wire transfer license. In California it is 10 days. As a licensed wire transfer company Paypal must follow these laws.
I gave you links to the "clear information on hold policy that must be revealed in plain language . . . " Did you read it? Can't get much clearer than this:
Holds based on PayPal’s risk decisions
We may place a hold on payments sent to your PayPal account if, in our sole discretion, we believe that there may be a high level of risk associated with you, your PayPal account, or your transactions or that placing such a hold is necessary to comply with state or federal regulatory requirements. We make decisions about whether to place a payment hold based on a number of factors, including information available to us from both internal sources and third parties. When we place a hold on a payment, the funds will appear in your PayPal account with an indication that they are unavailable or pending. We’ll notify you, either through your PayPal account or directly by phone or email, whenever we place a hold.
Risk-based holds generally remain in place for up to 21 days from the date the payment was received into your PayPal account. We may release the hold earlier under certain circumstances (for example, if you’ve uploaded shipment tracking information related to the transaction), but any earlier release is at our sole discretion. The hold may last longer than 21 days if the payment is challenged as a payment that should be invalidated and reversed based on a disputed transaction as discussed in the following paragraph below. In this case, we’ll hold the payment in your PayPal account until the matter is resolved (but no longer than 180 days)."
