PayPal: Aggressive changes coming to frozen funds policy

PayPal’s overzealous fraud filters have frustrated customers for years, with an inscrutable verification process that leaves some battling for months to get access to their money.

The eBay-owned payments processor, like other financial companies, has policies in place to ensure that fraudsters aren’t using its system to transfer ill-gotten gains. But PayPal also traps legitimate businesses and charities in its filters, and proving you’re no scam involves a ton of paperwork and time.

PayPal says it’s finally ready to deal with the problem. It’s promising to roll out a massive overhaul of its system within the next several months — but details are scant for now — via redwolf.newsvine.com

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