Date: Sun, 30 Dec 2001 18:16:00 -0800 From: Terry Lambert <tlambert2@mindspring.com> To: Brett Glass <brett@lariat.org> Cc: chat@FreeBSD.ORG Subject: Re: Confirm Your PayPal Membership Message-ID: <3C2FCA60.99829AA7@mindspring.com> References: <4.3.2.7.2.20011226145226.021974b0@localhost> <4.3.2.7.2.20011227092550.01c87ae0@localhost>
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Brett Glass wrote: [ ... PayPal not releasing funds easily ... ] > Uh-oh. This is a sign that they may not HAVE enough money to pay > out all of their accounts. Better get yours out as soon as > possible before the Ponzi scheme collapses or is shut down by > the government. All this means is that they are operating on float, and will make it very hard (as in "like pulling teeth") to get your money out, though not impossible. Chase and other VISA card providers, as well as some of the other card vendors have similar practices; for example, Chase will take overages as credit toward the account, but will not count it as you having made a payment. This means that if you overpay to cover your minimum payment (or even the entire balance), you still get charged a "late fee" for not making a payment (even if afterward, you still have a positive balance). The PayPal approach is very similar to any company that provides factor financing services, or any other service resulting in a rediscounting of the paper: they take the float in exchange for their service. -- Terry To Unsubscribe: send mail to majordomo@FreeBSD.org with "unsubscribe freebsd-chat" in the body of the message
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