Venmo and Paypal Are Stalling Urgent Efforts to Bail People Out of Jail
Having worked in fraud protection for several very large banks I totally understand the need for automation and case reviews.However PayPal stands out for me as THE worst company in finance.One colleague has over $25k that has been held pending company verification for AML reasons. This has been ongoing for over 1.5 years every time he completes the requirement PayPal issues additional requirements. And the according to email replies he received, the department responsible for such case reviews has been on leave for 3 months due to COVID.What does PayPal do with money that is frozen? Are they allowed to gain from it?I now always advocate strongly against using Paypal.