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Monday, December 19, 2011

Basically, PayPal gets the use of that money interest free for ninety days

The Gay Secretary


During which it can be invested or applied against the reserve requirements of whatever bank PayPal uses to store this "pending" money. So, $2000 per client with almost 2000 known clients is about $4 million in interest-free money for a ninety day period.

Yeah, I could see why there might be a class-action lawsuit here, especially given PayPal's "prior indiscretions".

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