We ordered a case of the three hole punch paper. We often print client materials on both sides of the paper. When stapling the pages, the holes were not lining up. We discovered that the holes are not exactly centered on the paper, so that if you line up one page "right side up" and the other "upside down" the two holes don't exactly line up. So, when our clients put their handouts into the 3-ring binders we provide, the pages don't exactly fit onto the rings of the binder.
Every ream of paper had the protective paper holding it together ripped. Some of the paper was bent from the poor packaging. The packaging had tears and was taped together. Seemed as if someone opened each ream and discovered it was 3 hole punch paper and returned it.