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Noticed the Patriot Act's effects on PayPal?

I work with PCs and use PayPal to conduct my financial transactions. I recently sold some hardware for $800 and tried to transfer the money into my bank account only to be told I can only move $500 a month due to the Patriot Act. After fuming over this for an hour, I realized the ramifications of my true hobby...high end audio. So now, if I sell my amp, preamp, voltage regulator, etc... in an effort to upgrade my system, I will be affected by The Patriot Act. Has anyone else noticed this? I can only question how much more control we will allow our government into our daily lives before we say enough. I'm still pi$$ed that I can now be pulled over for not wearing my seatbelt...when the seatbelt law was passed, we were told we would NOT get pulled over for this violation. I ask you, what value is there in wearing my seatbelt as I drive to the gas station to buy a carton of cigarettes? I’m not some bleeding heart liberal, but am close to my fill of crap I can take from my government. Am I alone? Will I be investigated for this post?
mdomnick
audiofankj
373 posts
 
I would verify what you were informed is correct. I just sold some items which ended up in a transfer to my bank account of approx $1,700.00. Other than the 4 DAYS it took to fund to the bank account from when PayPal stated the transfer was complete, all else was ok.
dweller's avatar
dweller
3,848 posts
 
Since you asked, the "value in wearing my seatbelt as I drive to the gas station to buy a carton of cigarettes" is that if somebody broadsides you and seatbelts save your butt, we taxpayers won't have to pay your hospital bills for the coma you might be in for five years.
Happy Holidays!
mechans
3,048 posts
 
Most hospitals operate with deficits or lttle or no margin even in the non for profits. They end up absorbing a lot of cost even with "good insurance", that's the deal with the seatbelt law and the high tax cigarettes. The philosophy of laws that are intended to protect you as in the seatbelt law are deeply embedded in any number of life's endeavors. Alcohol is another one why not let dead drunk drivers drive or children be free to buy alcohol?

In the case of Paypal I don't really get it.I assume it would take a whole hell of lot more money than $500, to fund some terrorist, but not being one, or knowing any I can't say for sure. Perhaps our superb intelligence gathering agencies know better. I am certain if they use paypal now (seems silly since a discoverable paper trail is created) and need to transfer more money they will find a way. All this law can do is slow down and complicate the process of legitimate transactions, look at the selling prices on epray! So many items sell in excess of $500 so the larger non Audiogon public is going to be in for a big surprise. Very little Audiogon "high end" equipment/gear we buy or sell costs less not counting ICs etc. I grieve with you on that one!
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