Re: Paypal problems?

From: Alex F. Bokov (alexboko@umich.edu)
Date: Tue Oct 16 2001 - 17:37:45 MDT


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On Tue, 16 Oct 2001, Ken Kittlitz wrote:

> At 05:30 PM 10/16/2001 -0400, Alex F. Bokov wrote:
>
> >What do they get out of bending over for the man and being volunteer
> >police whores? Who knows. Maybe they just don't have any guts. Maybe
> >some sort of legal threat. Maybe simply an informer's fee. Don't know,
> >and if anybody does, please post! Liars need to be exposed.
>
> There's a far more prosaic explanation for PayPal's use of deposit limits,
> freezing of accounts, etc: they want to stay in business. Credit card fraud
> is much more common on the web than it is in face-to-face transactions, and
> online payment services are a particularly juicy target. Several such
> services have been crippled in past year by fraud; to mitigate the risk,
> companies like PayPal ask for billing addresses, look for suspicious
> transactions, etc. No need to propose a conspiracy involving "the man" (or
> for that matter, "the woman").

Hiya Ken, good to hear from ya. Okay, prosaic explanation accepted.
Fact still stands that if they know who I am, I have no provable
privacy when doing business through them. The only secret they can't
betray is one they don't know.

http://www.goldmoney.com/
http://www.egold.com/

- --
* I believe that the majority of the world's Muslims are good, *
* honorable people. If you are a Muslim and want to reassure me and *
* others that you are part of this good, honorable majority, all *
* you need to say are nine simple words: "I OPPOSE the Wahhabi cult *
* and its Jihad." *

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