paypal.com paypal, pay pal Paypal.com illegal wire fraud, hklaw.com/Luis-Gonzalez/, Luis Gonzalez, HKLaw.com, Palo Alto, California Internet
Paypal is in the business of holding your money from sales on eBay to earn interest. Some estimate they make $1.2 Billion per year by illegally holding funds.
Paypal violates Federal Wire laws that regulate companies that transfer money, like Money Gram, or Paypal.
This practice is illegal, but Paypal buys its way out of actions with settlements; the latest is Zepeda vs. Paypal, where the Plaintiff alleged Paypal illegally held funds. This practice needs to stop.
You can report it here, with the CFPB.gov (please file a complaint with them as well). Further, you can file arbitration by going to adr.org and filling out the consumer demand for arbitration. Paypal pays all costs, and you will have some newbie attorney like Luis Gonzalez out of Florida have to fly to your hometown for a hearing, per the Terms of Service.
The arbitration agreement can be found on adr.org by searching the consumer registry. File this with your complaint to casefiling@adr.org. The more consumers who file arbitrations, who put Paypal's illegal practices in the limelight, the more likely Paypal is to change.
Should you need to contact their attorney, his bio is here: hklaw.com/Luis-Gonzalez/
HKLaw represents BOTH Paypal and eBay--so it makes one wonder what collusion eBay and Paypal are up to and why they hire a shrinky dink lawfirm like hklaw.com to represent them.
Paypal needs to change its practices on money holds to comply with Federal Law, not its "Terms of Service." Enjoy Paypal. If you have to pay interest on the money you owe me, I will donate every penny to the Children's Hospital in the name of Luis Gonzalez, wimp attorney, and Paypal, money laundering thieves.