||PayPal has recently updated its user agreements. They have indicated that now, after our extremely successful 11 year partnership, a substantial amount of personal information about this company, it's customers and vendors (even those completely unrelated to any PayPal payments) is newly required from U.S. State Quarters.com, Inc., due to, from what we have been informed as our "operation as a coin dealership."
PayPal refuses to indicate the specific reasons for this extraordinarily personal inquiry. However, we feel strongly that this request breaches both your privacy and security, especially if you have never elected to use PayPal in the past, as they have requested financial data regarding our customers and vendors completely unrelated to PayPal operations. It also appears that this is a no longer an industry-wide occurrence, as we have noted many other general merchandise retailers also recently discontinuing partnerships with PayPal or never beginning them. (see www.paypalwarning.com). PayPal's new recent history of becoming party to class action lawsuits also highly concerns us as it relates to data requests regarding our customers and vendors. Further, these lawsuits are directly related to accusations of holding substantial customers' funds without cause, an action we neither condone nor wish to proliferate if true.
As an alternative, we have now introduced the acceptance of Google Checkout, an extremely secure online payment service, which has not indicated similar security breaching requirements, and also allows for truly anonymous payment transactions.
As always, we continue to gladly accept Visa, MasterCard, Discover, personal checks, and money orders for payment through our standard checkout procedure.