2. misc-audio
  3. 1134186959

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
jafant's avatar
jafant
19,883 posts
 
Excellent points all-

these systems are corrupt, to say the very least. I would never use any "pay" service. What happened to using straight up CC, check or money order?

Another thing, most people are too stupid to manage their own business affairs, so it is rather easy for so-called services like paypal to seize the opportunity.
tostadosunidos's avatar
tostadosunidos
1,197 posts
 
jafant, scammers have figured a way to manipulate cashier's checks.  Better to go with personal check and wait till it clears.
ejr1953
918 posts
 
I haven't experienced dollar limits with PayPal.  One of my dealers told me that, using their "friends and family" feature too often, he was nailed by PayPal (not the government), as they caught on to him being a dealer, so I started sending him personal checks.

I have had two potentially bad experiences, someone local contacts me as a result of an ad I've placed on Audiogon, but don't make a formal offer, say they will pay cash and do "local pickup".  One guy was a good way into the hour+ drive to my home when he called again to tell me he was offering me $600 less than the price we agreed upon ("no deal").  Another clown actually had a similar conversation when he arrived in my driveway!  So, when I sell on Audiogon, I don't do "cash, local pick up" anymore.  Once someone makes and offer and pays using PayPal, I'm protected and the buyer is protected as well.
More to discover