I stopped using them years ago. They are a de facto bank, but because they steal your dollars and give you funny money they don't have to abide by any banking regulations. Can you imagine a bank that would steal your money and give you monopoly currency at the ATM's, then suspend your account because they don't like what you buy?
Craigslist and the others are annoying, but they don't take my money so I really don't care what they allow or don't allow. PayPal is different because it's essentially a con game. They take advantage of the fear many people have of using their real money to shop online to convince them to give PayPal the cash in exchange for play money. Of course, the fact is your money isn't safe on PayPal at all, and many have lost enormous sums as third party criminals have been able to get past the minimal security and use PayPal to have free range of all the accounts linked to PayPal. And since PayPal isn't considered a bank, they can and will tell you to **** if you have a problem. They have absolved themselves of any responsibility to protect any funds you're stupid enough to give them or let them access.
What you're asking is that the government force a private company to act against its wishes, rather than simply use some other method of payment. This is Statism at its worst, and contrary to the very ideals of Liberty.
No sir. What I am asking is that a bank be treated as a bank, and abide by the rules of banking. That includes full finduciary responsibility for every penny they receive and hold, insurance over those funds and no interference with the flow of those funds absent a valid court order. PayPal is a fool's bank. And they're a bunch of anti gun scum to boot. I'd like to see the entire operation shut down for rampant fraud, violation of finduciary duties, bad faith, and violation of several hundred federal banking laws. Before I knew any better I let them have access to my real bank account, and I was shocked to discovery they could invade it at will to pay any claim made on my paypal funds. It's a bad business run by a bunch of crooked con men who've convinced people they can't use real money for online transactions. That may have been a problem ten years ago, but these days there's absolutely no need to go through those pigs. Every vendor of any significance takes all the major credit cards through systems far more secure than anything PayPal offers, not to mention old fashioned PMO's and checks. Even a lot of ebay vendors take real money. The best way to weed out those who don't is to stop doing business with them. That's also the best way to get rid of PayPal.
I buy a lot of stuff on line, and I don't have any problem ignoring paypal. I use this stuff called currency. Ever heard of it? Those vendors who insist on going through paypal don't get any of it. I don't suffer any. As a group we need to stop supporting these jerks and do our best to kick them until they're lungs are full of blood. So to speak ;-) That's the only way things will change. Trying to argue with PayPal about your rights is like arguing with a carjacker about your rights. They don't care--they're just out to rob and rape you.
ONLY FOOLS USE PAYPAL