TL;DR version : Its another 'Paypal isn't a bank' complaint.
Paypal isn't, they don't have the resources or the tools that banks have, you shouldn't treat them like a bank. Never keep a 'balance' with them, they don't have the same restrictions that banks have and you don't have the same rights that you do with a bank.
In this piece the story is an open source conference and a balance of $127,000 Euros that gets held hostage. Here is a clue, if you're looking at those sized balances and that size conference, get a relationship with a bank. Get a merchant account, etc etc.
Paypal is all about not having any risk. Lots of people no doubt try to abuse it all of the time. They probably assume you are a crook even when all signs point to legitimacy because the 'really good' crooks look legit too.
Paypal isn't, they don't have the resources or the tools that banks have, you shouldn't treat them like a bank. Never keep a 'balance' with them, they don't have the same restrictions that banks have and you don't have the same rights that you do with a bank.
In this piece the story is an open source conference and a balance of $127,000 Euros that gets held hostage. Here is a clue, if you're looking at those sized balances and that size conference, get a relationship with a bank. Get a merchant account, etc etc.
Paypal is all about not having any risk. Lots of people no doubt try to abuse it all of the time. They probably assume you are a crook even when all signs point to legitimacy because the 'really good' crooks look legit too.