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Paypal should be regulated under UK law

Submitted on Wednesday 17th April 2013

Published on Monday 22nd April 2013

Current status: Closed

Closed: Monday 22nd July 2013

Signatures: 16

Tagged with

Citizens ~ Law ~ Money ~ UK ~ UK citizens ~ United Kingdom

Petition Action

Paypal should be regulated under UK law

Additional Information

Any company trading within the UK should fall subject to UK law.

PayPal claim that as they are not based within the United Kingdom they do not have to abide by its Law. The particular issue with this arises in the lack of a regulatory body or ombudsman to oversee their relationship with UK citizens.

As it stands PayPal are able to freeze accounts, block transactions, hold personal data after permission is withdrawn, take money at will, financially link unrelated parties and more. No other financial institution, business or operator is given such power without regulation.

At a minimum their should be an independent dispute resolution committee established.

Protect your rights, your money and your data.


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