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Since PayPal only works in certain countries, Ebay's policy limits participation to the countries that PayPal supports. Aeschylus, Oresteia; Euripides, Electra; Orestes; Apollodorus, Epitome VI, 23-28. Ebay's new policy states that accepting a non-PayPal online payment system could result in the user's account being banned. The psychological disorder Electra complex is named after her. EBay specifically prohibits E-gold, a PayPal competitor with high fraud history. Later, Electra married Pylades, Orestes' close friend and son of King Strophius (the same one who had cared for Orestes while he hid from his mother and her lover). Questions of illegality and antitrust have been raised over this new rule, mostly by merchants who believe they shouldn't have to pay for a legitmate service and abused the personal account status on PayPal. Iphigenia helps her brother escape from Taurus, and the furies, sated by the reuniting of the family, abate their persecution.

EBay lists Bidpay.com as the only alternative, but that company's demise predates this policy. The two meet as Orestes is led to Iphigenia to be prepared for sacrifice to the Egyptian Gods. This is due to the wide numbers of fraudulant online payment methods. He claims that Orestes is led by the Furies to Taurus in ancient Egypt, where his sister Iphigenia is being held. [8] Beginning in January 2006, eBay now prohibits any online payment system other than Paypal, as stated here[9]. In Iphigenia at Taurus, Euripides tells the tale somewhat differently. In August 2005 eBay required that sellers who accept PayPal not refuse credit card payments, which result in transaction fees. The Erinyes demand their victim; he pleads the orders of Apollo; the votes of the judges are equally divided, and Athena gives her casting vote for acquittal.

This has brought criticism from people from within these countries.[7]. At last Athena (also known as Areia) receives him on the Acropolis of Athens and arranges a formal trial of the case before twelve Attic judges. PayPal does not allow people from certain countries to use its services, and in some occasions where it does, it only allows the participants to send and not receive. Even though Apollo (to whom the Delphic temple was dedicated) had ordered him to do the deed, he is powerless to protect Orestes from the consequences of his actions. PayPal's Seller Protection policies do not cover intangible goods or goods that are "not as described". Orestes takes refuge in the temple at Delphi. [4] [5] [6]. Electra is not hounded by the Erinyes.

It's unclear whether simply waiting for PayPal to reach a decision in regards to the account would have resulted in PayPal allowing the money to eventually reach the Red Cross. Orestes, after the deed (sometimes with Electra helping), goes mad, and is pursued by the Erinyes, or Furies, whose duty it is to punish any violation of the ties of family piety. Kyanka originally agreed to this, but after learning of the United Way's prior legal troubles, he asked PayPal to refund all the donations. According to Aeschylus, he met Electra before the tomb of Agamemnon, where both had gone to perform rites to the dead; a recognition took place, and they arranged how Orestes should accomplish his revenge. Kyanka asked PayPal to transfer the funds to the Red Cross; PayPal said they couldn't do this, but could give the money to United Way (a rival charity collecting for the same cause, that had an undisclosed agreement with PayPal). In his twentieth year, Orestes was ordered by the Delphic oracle to return home and avenge his father's death. To re-activate the account, PayPal demanded "proof of delivery", even though no products were being sold. 25), Orestes was saved by his old nurse or by Electra, and was taken to Phanote on Mount Parnassus, where King Strophius took charge of him.

After receiving over $30,000 USD in donations in 9 hours, PayPal locked-down the account. According to Pindar (Pythia, xi. In September 2005, PayPal suspended an account (opened by Something Awful owner Richard Kyanka) used to collect donations for the American Red Cross to help Hurricane Katrina victims. 542). PayPal denies any wrongdoing. 306; X. The settlement requires that PayPal change its business practices (including changing its dispute resolution procedures to make them EFTA-compliant), as well as making a $9.25 million USD payment to members of the class. (Odyssey, iii.

An informal settlement was reached in November 2003, and a formal settlement was signed on June 11, 2004. Eight years later Electra returned from Athens with her brother, Orestes. The two lawsuits were merged into one class action lawsuit (In re PayPal litigation). Aegisthus and Clytemnestra also killed Cassandra, Agamemnon's war prize, a prophet priestess of Troy. Most of the allegations concerned PayPal's dispute resolution procedures. According to the story, Electra (daughter of Agamemnon and Clytemnestra) was absent from Mycenae when her father, King Agamemnon, returned from the Trojan War and was murdered by Aegisthus, Clytemnestra's lover, and/or by Clytemnestra herself. In March 2002, two PayPal account holders separately sued the company for alleged violations of the Electronic Funds Transfer Act (EFTA) and California law. In Greek mythology, several persons were named Electra (also spelled Elektra):.

PayPal's account access limitations prevent the movement of funds until discrepencies, or terms of the limitation, are resolved. locale. Banks and financial institutions provide chargeback rights for a specified period of time that varies by the institution. Ellie (movie), B-movie which transfers the story to a Southern U.S. This policy appears to protect PayPal from financial loss in the event of chargebacks or disputes. Elektra, opera by composer Richard Strauss, with libretto by Hugo von Hofmannsthal, based on his own play. According to the PayPal user agreement, users agree to give PayPal the power to limit access to funds in the account for 180 days. Elektra, film by Michael Cacoyannis, starring Irene Papas, based on Euripides.

Controversial aspects of PayPal include the terms of its User Agreement; particularly, for limiting account access and user access to funds. Mourning Becomes Electra, play by Eugene O'Neill, based on Aeschylus. Because it considers itself to be an 'electronic money transmitter', user rights and safeguards vary. Elektra, a play by Hugo von Hofmannsthal, based on the Sophocles play. PayPal is not subject to regular banking regulations. Electra, drama by Danilo Kiš. As long as seller provides confirmation of delivery available online, they are protected from chargebacks and fraudulent item-not-recieved claims. Electra, play by Euripides.

PayPal also protects sellers by offering the Seller Protection Policy. Electra, play by Sophocles. If the buyer used a credit card, they are ensured a refund via chargeback. The Oresteia, a trilogy of plays by Aeschylus. If this doesn't happen, PayPal will try to take the money back from the seller and refund the buyer. Alternative: Laodice. Buyers are ensured that they recieve the item they buy as it is described. (Most famous "Electra") Daughter of Agamemnon and Clytemnestra.

PayPal's business model involves providing safety to buyers and merchants/sellers. A Pleiade or Oceanid, mother of Iris and the Harpies by Thaumas. PayPal's European subsidiary PayPal (Europe) is licensed as an electronic money institution and regulated by the UK Financial Services Authority. Daughter of Oceanus and Tethys, mother of Dardanus, Iasion and Harmonia, by Zeus. Like Western Union, PayPal is considered a money transmitter in many states in the United States and is licensed as such where required. Therefore it is not required to abide by the legislation that governs banks.

Due to the manner in which it operates, PayPal is not considered a bank. PayPal also operates a large customer-service center in La Vista, Nebraska, just outside Omaha. PayPal operates locally in 13 markets, including: the United Kingdom, Canada, Australia, Austria, Belgium, France, Germany, Italy, Spain, Ireland, the Netherlands, Switzerland and China. Dollars, Canadian Dollars, Australian Dollars, Euros, Pounds Sterling and Japanese Yen.

PayPal supports payments in U.S. Every second PayPal processes an average of $823 in total payment volume. As of the end of Q2 2005, PayPal operates in 57 countries (including China) and it manages over 86.6 million accounts. In January of 2005 PayPal announced plans to pursue the Merchant Services opportunity, the online payments business 'off of eBay'.

In 2004, the total value of transactions through the PayPal system was $18.9 billion, up 55% year over year. BidPay itself ceased payment operations on the 31st December 2005 but the site remains to carry out any remaining customer service issues . PayPal's only substantially similar competitor is now BidPay, after Citibank's c2it service closed in late 2003 and Yahoo!'s PayDirect service closed in late 2004. eBay has phased out its BillPoint service in favor of retaining the PayPal brand.

(See GAMEY) PayPal had previously been the payment method of choice by over fifty percent of eBay users, and the service competed with eBay's subsidiary BillPoint. In October 2002 PayPal was acquired by eBay. [2] [3]. This paved the way for the company to eventually reconcile with its former rival, eBay.

Yet the company was able to turn the corner and become the first dot-com to IPO after the September 11 attacks — an accomplishment that ironically backfired when PayPal's new high profile status helped prompt a slew of class action lawsuits and regulatory probes, including one by NY Attorney General Eliot Spitzer. And worst of all, eBay launched a payments service named Billpoint to compete with PayPal. Foreign Mafia rings found ways to steal millions from the young company. Though growing rapidly, PayPal was losing $10 million a month and was fraught with internal turmoil that led to three CEO changes in its first year of operations.

[1]. This name was acquired by PayPal in early 2000, when x.com merged with PayPal. As of Jan 2006, this URL still resolves to the PayPal home page. Unknown to many people is the fact that PayPal is one of the few Internet companies which has a single letter domain name, (http://www.x.com) in use.

Coupled with aggressive marketing campaigns offering $10 (and later $5) for new users to sign up, the firm grew at a meteoric rate of 7–10 percent per day between January and March 2000. The PDA software was later discarded in favor of a web-based system that became popular with eBay's millions of buyers and sellers. In its initial incarnation, PayPal was a service for users to send money via PDAs, with actor James Doohan, Star Trek's "Scotty," as its spokesman. Most of the early engineers hailed from the University of Illinois at Urbana-Champaign, recruited by Max Levchin.

On the business side, many of its initial recruits were alumni of The Stanford Review, which was also founded by Peter Thiel. One of its first premises was the 165 University Avenue office in Palo Alto, California, home of a number of other noted Silicon Valley startups. PayPal was founded in December 1998 by Peter Thiel and Max Levchin. .

Corporate headquarters are in San Jose, California; it is now an eBay company. PayPal also performs payment processing for e-commerce vendors, auction sites, and other corporate users, for which they charge a fee. PayPal is an Internet business which allows the transfer of money between email users and merchants, avoiding traditional paper methods such as checks/cheques and money orders. PayPal Acquires Verisign's Payment Gateway.

PayPal Releases Direct Payment API.