PayPal's New Rules Dictate Where Funds Can & Cannot Be Spent
PayPal's sweeping changes to its acceptable-use policy now dictate exactly where users' funds can and cannot be spent. The change brings PayPal's policies in line with those of parent company eBay, which prohibits a wide variety of products from being sold on the site, including human body parts, alcohol and stolen property. But while eBay's ban on selling used airbags makes sense, some users say prohibitions against using PayPal funds to pay for, say, a mouse pad bearing a picture of a movie star violates their right to use their money as they please. Merchants and users are livid that PayPal is instituting such stringent controls. Some online retailers are concerned that the new restrictions will hurt their businesses, since PayPal has become a de facto standard in online payments. [Full story: PayPal Tightens Transaction Reins - Wired News]
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