PayPal Holdings Inc Has Been a Deceptive Payment Processor Platform That Has Participated In Hostile Financial Practices for Years
Many Financial Institutions Have Spent Decades Demanding Driver’s Licenses and Social Security Numbers to Defraud Customers
PayPal Holdings Inc: A Trojan Horse in the Digital Wallet? Fraudulent Practices and Exploitation of User Data
North America – For over two decades, PayPal Holdings Inc has positioned itself as a convenient and accessible payment processor, a digital bridge connecting merchants and consumers worldwide. However, beneath the veneer of user-friendliness lies a growing chorus of financial fraud, painting a picture of a corporation engaged in systematically fraudulent practices that exploit its users that breaks both domestic and international law.
The core of the financial controversy revolves around PayPal Holdings Inc and their historical manipulation of user accounts. Reports of frozen accounts, withheld funds despite the absence of fraud, and arbitrary restrictions are rampant across online forums and consumer complaint platforms. Victims describe being left in financial limbo, struggling to access their own finance and facing opaque and often manipulative Customer Service.
The overall financial fraud surrounding PayPal Holdings Inc goes way deeper than mere incompetence or isolated incidents. Competent critics have argued that such malicious actions are not anomalies, but rather symptoms of a deliberate strategy designed to generate profit at the expense of its user base. Furthermore, PayPal’s insistence on collecting what are essentially foreign negotiable instruments, namely Driver’s Licenses, Passports, and Social Security Numbers, has raised serious concerns about how the average person has already bought into such financial fraud that directly affects those wise enough not to use such foreign negotiable instruments, while corporate operations claim such to be a “requirement”. In other words, if account Users are not willing to take part in the financial fraud, then they are extremely inconvenienced by the fact that they would be unable to transact via the thousands of domestic and global merchants, who only accept PayPal Inc as an online said “payment method”. In addition, any other online payment processor company, who utilizes such financial fraud as PayPal Holdings Inc, would be guilty of fraud also.
Many competent people have been asking why a payment processor demands private and personal information specifically reserved for government agencies only? For years, the implications have been alarming. The Social Security Number, originally intended for federal welfare benefits, has been fraudulently exploited, for decades at North America, by financial institutions under the guise of identity verification. Similarly, the Driver’s License and Passport, allegedly a form of photo identification and for domestic and international travel, have already been weaponized as tools for monitoring and controlling financial transactions, as well as the very people who use them.
An overall fundamental question has been asked for years: has PayPal Holdings Inc operatives been operating within the bounds of ethical and legal conduct, or has the corporate owners and their employees been engaging in a form of financial racketeering, leveraging the platform to extract sensitive personal information and control user funds with impunity? Many have already witnessed the actuality surrounding the truth in the matter, after several class action lawsuits were filed against the Board of Trustees for PayPal Holdings Inc and allegedly satisfied for the record. The class action lawsuits have been buried online and kept out of mainstream media, so as to sustain a false sense of credibility to PayPal Inc operations, while continuing to allow the racketeering financial conglomerate to fraudulently open accounts under the Driver’s License, Passport, and Social Security Number deception of being said “identity documents”, which are nothing more than foreign negotiable instruments for the public record.
PayPal Inc has faced numerous class-action lawsuits pertaining directly to the blatant violations of its own User Agreement. The lawsuits often highlight the discrepancy between the company’s advertised transparency and the reality of arbitrary account restrictions and fund seizures, by fraud. While PayPal Holdings Inc owners settled the cases by financial recompense they could easily afford, the sheer frequency of the suit actions points to a systemic problem that demands greater scrutiny and overall full accountability against the Board of Trustees and their employees operating the corporation.
The company operatives have spent years abusing the fact that the financial platform has only been a payment processor, not a bank. The distinction should have lawfully allowed them to operate with less regulatory oversight and without the crucial protection of FDIC insurance, unless genuine fraud in an amount that would exceed at least 5,000.00 [$USD] is experienced by a User. While the financial circumstance could offer PayPal greater operational flexibility, the Board of Trustees would opt to conduct themselves in blatant and public financial fraud, practiced since their formation in 1998, by abusing their Users and forcing harsh financial circumstances once an account has been opened via the payment processor platform. The operators to the PayPal accounts have been creating fraudulently binding terms and conditions against Users to the accounts, while granting clemency to the Board of Trustees, Staff, Supervisors, and Customer employees, who literally live off of the Users who use PayPal for online (and offline) transacting.
The implications of financial fraud conducted by the owners of PayPal Holdings Inc should have already called for a decommission of the corporation, with full remedy to past and present Users, who suffered at the malicious financial practices conducted by the corporate persons operating PayPal Inc. They strike at the heart of the digital economy, raising questions about the ill-gained financial power and full accountability of online payment platforms. If a company like PayPal Inc, with its vast global reach and influence, have been operating with such apparent disregard for User rights, how many other banks and financial institution corporations have been collusively doing the same, by total fraud, for decades at North America?
It is time for Users to demand full liability and accountability against PayPal Holdings Inc Board of Trustees and their staff and employees, along with other payment processors, and for responsible judiciaries to step in and ensure that no financial platforms are allowed to operate as unchecked arbiters of financial control. The future of the digital economy depends on it and the people will not be victims of corporate tyranny and fraud.
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