EventHorizon1984 Blog Log: Dinah Balk

30 January 2009

Dinah Balk - Special Alert – New Paypal Amendment Lowers eBay Sellers’ Credit Scores!

Once more, with Feeling.
30 January 2009
EventHorizon1984

Below is an excerpt from the latest article from Seeking Alpha writer Dinah Balk.

http://dinahbalk.com/

Dinah Balk
Friday, January 30, 2009 10:33 AM

Special Alert - New PayPal Amendment Lowers eBay Sellers' Credit Scores!

Over the next few weeks eBay sellers who have a Paypal Premier or Business account to processes buyers’ credit card payments will have a big decision to make. They will have to decide whether to 1) close their eBay & Paypal accounts and then move to another venue like Bonanzle, Go Daddy, or Etsy or 2) cross their fingers and hope for the best.

Why? The following Paypal amendment goes into effect on February 11, 2009.

2.4 Credit Report Authorization for Premier and Business Accounts. If you open a Premier or Business Account, you are providing PayPal with your written instructions to obtain your personal and/or business credit report from a credit bureau. PayPal may obtain your credit report: (a) when you open (or upgrade to) a Premier or Business Account, or (b) any time thereafter if PayPal reasonably believes there may be an increased level of risk associated with your Account. An increased level of risk includes, but is not limited to, a high number of chargeback’s or reversals, or suspicious activity associated with your Account."

Unfortunately for Dinah Balk's audience, you may never see this article on Seeking Alpha.

There is the appearance that self-important individuals from eBay and PayPal have been pressing Seeking Alpha to censor articles and authors considered "insensitive" to their needs. And Seeking Alpha appears to be dutifully performing this task.

While Seeking Alpha does state:

Seeking Alpha does not allow its editors to accept or reject an article due to the stock covered or the editor's agreement or disagreement with the contributor's viewpoint on the stock. (other than the $1.00 rule above)

They did publish and then willfully censored Dinah Balk's 2008 article "PayPal Ruins Christmas for eBay Customers".

Whether this is the mere appearance of censorship or the work of outside corporate influences attempting to manipulate stockholder perception, remains to be seen.

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