Paypal regularly "freezes" peoples funds, and there is little legal recourse in ... | Hacker News

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burgerbrain on June 17, 2011 | parent | context | favorite | on: Bitcoin trojan caught in the wild

Paypal regularly "freezes" peoples funds, and there is little legal recourse in those cases since Paypal cleverly has avoided making itself legally a bank in the US (even though it clearly preforms functions people usually receive from banks).

rmc on June 17, 2011 [–]

AFAIK PayPal are a bank in the EU. I don't know if their behaviour is much different, but I suspect it isn't.

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