[geeks] grr paypal

[Mike Nicewonger]

> What worries me about PayPal is there is no way to use it with out opening 
> myself to large liabilities.  Normal online retailers don't make me go through
> any agreements before I buy from them, so in theory disputing charges should
> be easy.  Even still, I don't buy online with credit card much, and if I am
> online, I prefer to go to well known brick and morter stores like JCPenneys 
> (cloths for myself).
> 
> Paypal on the other hand has a mile long agreement signing away my rights, and
> they either require permenant access to my high limit credit card (IE my only
> credit card) or my bank accont (which usually has a fairly high amount of cash,
> especially for a college student).  I don't feel comfterble trying to do 
> business under those conditions.

I definitley understand your point. Just this week PayPal got hit with a class
action lawsuit for inappropriate freezing/seizing of funds and crap customer
service. 

So I wonder how this has affected thier stock now that they have IPO'ed?

Mike N