posted on August 21, 2002 12:18:14 PM new
Under the agreement, announced Wednesday, PayPal will stop processing payments from New York customers to Internet casino Web sites as of Sept. 1. PayPal will also pay $200,000 in disgorged profits, costs of investigation and penalties, the attorney general's office said. New Yorkers make up about 1.1 million of PayPal's 17.8 million member accounts, according to the agreement.
posted on August 21, 2002 12:22:38 PM new
Weird though that in their quarterly report they write
-- our payment system remains susceptible to potentially illegal or improper uses. These may include illegal online gaming -- despite measures we have taken to detect and lessen the risk of this kind of conduct, we cannot assure you that these measures will succeed
If they are so easily able to block New York residents from gambling it makes you wonder what kind of measures they had supposedly taken before. Guesses anyone?
posted on August 21, 2002 05:41:57 PM new
Citi bank only paid 100k but also had to put 400k into donations. Wonder how much Payponzi had to donate. Rates will probably go up big time.
Also
PayPal spokeswoman Julie Anderson said the company only will block payments by New York customers to Internet casinos. It continues to serve gambling merchants pending the closing of its merger with eBay later this year,
In other words PayPonzi will do anything that is illegal as long as they can get away with it. Kinda like the Mafia. And Peter Thiel has the unmitigated gall to make statements about me!
[ edited by club1man on Aug 21, 2002 05:43 PM ]
[ edited by club1man on Aug 21, 2002 05:44 PM ]
posted on August 22, 2002 05:30:54 AM new
Is PayPal only suspending Gambling for New York customers or everyone. If just New York, how will they do that. That should be interesting.
posted on August 22, 2002 09:24:24 AM newclub1manPayPal spokeswoman Julie Anderson said the company only will block payments by New York customers to Internet casinos. It continues to serve gambling merchants pending the closing of its merger with eBay later this year, In other words PayPonzi will do anything that is illegal as long as they can get away with it.
<---- BIG grin over club1man's holier than thou stance.
posted on August 22, 2002 12:42:10 PM new
Uaru seems to take things purposely out of context. I have never been against gambling, in fact, I believe it should be legalized. A persons money is their property and if the want to gamble with it, like bying shares in Payponzi, I'm not against it. However when a company like Payponzi flaunts the law and even the regulations of the companies they deal with, it shows a TOTAL disregard for what is right. I really hope that someone loses a million dollars like the 70k with master card and the person wins it back from Payponzi. Not saying that is right BUT.
Thank you for promoting my site and don't forget to go to the mall on the page for some of the best deals on the net. My company has been approved by over 200 other companies, and by the way we DON'T accept Paypal.
posted on August 22, 2002 01:05:17 PM newclub1manUaru seems to take things purposely out of context. I have never been against gambling, in fact, I believe it should be legalized. A persons money is their property and if the want to gamble with it, like bying shares in Payponzi, I'm not against it. However when a company like Payponzi flaunts the law and even the regulations of the companies they deal with, it shows a TOTAL disregard for what is right.
Well you know I'm a bit slow, so let me see if I understand you.
If a person uses PayPonzi to fund their off-shore gambling then PayPonzi is a sleazoid for allowing that.
If the same person pays club1man 15% to fund an egold account for off-shore gambling it's nobody's business.
posted on August 22, 2002 01:39:52 PM new
Simple ---my business is legal
Fervent gold investors believe the government is desperately trying to squash gold prices and prop up the stock market. "The last thing they need is a gold rush," says Doug Casey, editor of International Speculator, a gold-oriented newsletter. He thinks gold will win out. "Gold is like a coiled spring," he says. He predicts it will top $1,000 an ounce.
posted on August 22, 2002 02:39:36 PM newclub1manSimple ---my business is legal
Really? Why that's great news club1man, because it sure looked like a heavy duty licensing proceedure . You wouldn't mind if I inquired with the Texas Department of Banking Open Records Policies and Procedures that you are licensed to convert my hard earned money into off-shore egold funds? Doesn't hurt to be careful does it?
posted on August 22, 2002 05:02:48 PM new
Uaru Be my guest. Just be prepared for egg in your face.
By the way I might be broke but it seems your employer,Payponzi is really losing out. "Paypal settled with NY for $200,000 and agreed to block NY State Paypal accounts from being used for online gambling. Investigations from other areas are still in process. $200,000 may not mean much to a company that was already almost $300 million in the red at the time of their IPO, but there are still 49 other states to go. Paypal may discontinue online gambling completely. Since this may constitute up to 15% of their business, it's just another nail in the coffin." http://www.ygoodman.com/paypal.html
[ edited by club1man on Aug 22, 2002 05:09 PM ]
posted on August 22, 2002 08:50:02 PM newclub1manBy the way I might be broke but it seems your employer,Payponzi is really losing out.
You might be broke.
PayPal might be losing out.
but
PayPal is not my employer.
I point out your hypocrisy because it screams to be pointed out. I do it for free, and frankly I find a bit of pleasure in it. Your efforts to paint yourself as "Poor Tiny Tim" conspired against by PayPal, arbitrators, government officials, and the media isn't working with me. Maybe you've found some followers that look at you with starry eyes but don't read too much into that. I'm just doing you a favor to let you know that not everyone is buying your bill of goods.
I thank you for the information that gold is ready to spring to $1000.00 an ounce, and your revelation that PayPal is a failed DotCom company is really enlightening. Maybe I'll take you up on offer to check with the Texas Dept of Banking on the legitimacy of your company just in case you might be in error.
posted on August 23, 2002 12:40:36 AM new
When you talk to them you'll find that they are investigating Payponzi. Their the one's operating illegally. It might interest you that The New York state AG office isn't through with them yet. There's a little matter about drugs that interests them. As far as the hate groups and the pornography goes, so far, unfortunately they can't do much about it. I'm sure the NAACP and many Jewish groups will be very interested in the hate group subject. They can check it out at www.suepaypal.org. I'll email the link to you buddy Al Sharpton, after I do updating on the page.
Your anology of a conspiracy is way out in left field. PAYPONZI stole money from me and the arbitrator has proved, by the fact that today is 7 months since we went to arbitration and he has failed to make a final decission, that something is not "kosher". That will become evident when I publish the transcript of the arbitration sometime after the end of the month.
As far as the government and the media goes, they have both let the public down, by failing to protect and inform the consumer. It does seem that both are getting more interested as time goes on. Forbes just rated http://paypalsucks.com/forums/ on of the best complaint sites on the net. Oh your buddy Coonr is over there telling the whoa's of Payponzi. Guess they got to him too.
As for having fun. YOU BET I AM. You keep up the good work I love it.
posted on August 23, 2002 12:38:18 PM new
"The Attorney General's office said PayPal had become the preferred method of payment over the past year as more credit-card issuing banks have begun to block direct payments to Internet casinos. Spitzer's office estimated that PayPal has 260 online gambling merchants using its services."
"But many gaming sites, he added, encourage use of PayPal and related services, and they often disguise gambling payments as cash transfers, "undermining the efforts of credit card issuers to block gambling-related transactions."
"The agreement also enlists PayPal's help in identifying other illegal uses among PayPal members, such as sites that offer prescription drugs for sale without a doctor's order."
posted on August 24, 2002 10:12:11 PM new
Nah most of them are just honest people. Naturally you get some jerks. Forbes rated the site as one of the best on the web.
posted on August 27, 2002 06:02:53 PM new
Hiya clubman,
Not to hijack your thread, but havent been around for awhile. I remembered you were looking for oddball ways to use PayPal balances and credit cards..... add this to your list:
August 27, 2002 -- Cedar Rapids *(Iowa)
Inmates Can Now Charge Jail Stay on Credit Card
Inmates at the Linn County jail can now use plastic to pay for their stay. A night in jail costs 60 dollars. Sheriff Don Zeller says he wants to make it easier for people to pay their debt to society. Inmates can pay with MasterCard, Visa or a bank debit card. A 1996 state law made it legal for counties to charge prisoners the cost of their jail stays. The county can place liens on the property of former inmates or have money withheld from their paychecks and income tax returns. The inmates can also be prohibited from registering vehicles until the money is paid.
posted on August 27, 2002 06:43:07 PM new
That's a good one. But wait til you see whatPAYPONZI pays for all the other subpoena's. Here's a good one check it out.http://www.narued.net/.
<---- BIG grin over club1man's holier than thou stance.
