Monday, November 14, 2011

PayPal and Ebay, offshore, lawless banking service ? privacy breach and data protection act

While all the European markets are suffering, there are some businesses doing very well.. Paypal is one of them, ebay's banking arm, set up in luxembourg for tax evation purpose, sending money here and there and getting massive commissions and cuts also on ebay and many other services

they are so strong that they arrogantly refuse to provide you with your own record of the information they they have about you, simply because they are not a UK-based company so they don't have to abide by UK regulations..

the only way is not to use them!


  1. so, I called up paypal to close my account, as I had registered with them using my email address... they had sent me this email asking a whole loads of documents and proofs that I am not doing business with Iran, while the idiots could see that I usually only use the paypal account to pay for amazon books and etc..

    the rude customer service representative told me he CAN NOT close the account until I provide this information.. when I asked him to email me how they will keep so many personal information and how they will use it.. he refused to send any such information and he said he will not be able to close my account for 8 years.. that's right, 8 years!

    then I threatened to sue them and hung up the phone.. few minutes later I got this email... WIN :)

    the global internet presence has made life easy, however it has opened loopholes for such evil organizations to do whatever they wish!

    Dear Haddadi computers,

    For the safety and security of the PayPal network, we often review
    accounts for potential risks. After reviewing your account, we have
    decided to close it because of security issues.

    Copyright © 1999-2011 PayPal. All rights reserved.

    PayPal (Europe) S.à r.l. et Cie, S.C.A.
    Société en Commandite par Actions
    Registered Office: 5th Floor 22-24 Boulevard Royal L-2449, Luxembourg
    RCS Luxembourg B 118 349

    PPID PP1448

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