I've heard it a lot. Disgruntled customers are one thing, but I've never heard paypal even defend itself. All of their customers appear to hate them, and paypal just rests on some sort of monopoly.
When it looks like a duck and quacks like a duck, it is probably a criminal conspiracy.
I almost threw in something about how they never should have been allowed to merge with eBay, but the government doesn't do anything about that any more.
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