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Author Topic: Paypal freezes our account after one year of service.  (Read 681 times)
PeanutCoins
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April 22, 2014, 11:57:14 AM
 #1

Paypal freezes our account after one year of service. We are having a HUGE sale just for cryptocurrencies as a result.


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bryant.coleman
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April 22, 2014, 12:01:41 PM
 #2

Tell us the details. Also, copy-paste the email that you received from Paypal (informing you of their decision to freeze the account) here. And how much money did you had in your account at the time of freeze?

......
.L I V E C O I N . N E T.
.
..PROFITBOX..
██  █████████████████████████
  █████████▄      ▄██████████
█████████████▄  ▄████████████
    █████████████████████████
  ██████████▀    ▀█ ▀████████
████  █████▀  ▄▄  ▀█  ▀██████
  ████████▀  ▄██▄  ▀█   ▀████
    ██████   ▀██▀   ██   ████
  █████████▄      ▄██████████
██  █████████▄  ▄████████████
  ███████████████████████████
██  █████████████████████████
  █████████████████████▀ ███
█████████████████████▀   ███
    █████████████▀     ████
  █████████████▀   ██    ████
████  █████▀     ██    ████
  ███████▀   ██    ██    ████
    █████    ██    ██    ████
  ███████    ██    ██    ████
██  █████    ██    ██    ████
  ███████████████████████████
.....
blacksails
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April 22, 2014, 12:15:27 PM
 #3

Do you have a business or something?
CoreQ
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April 22, 2014, 12:22:29 PM
 #4

Paypal freezes our account after one year of service. We are having a HUGE sale just for cryptocurrencies as a result.


Im very sad Angry


As I know Paypal hates bitcoin. So if you use your paypal for exchange services you will be banned. Correct me if I'm wrong.
cosmofly
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April 22, 2014, 12:29:01 PM
 #5

Hilarious
yayayo
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April 22, 2014, 12:42:43 PM
 #6

Arbitrary account freezing is part of Paypal's business model. It happens often when huge sums are involved so Paypal can collect interest on the funds.

Solution: Don't use Paypal. Use wire transfer and Bitcoin.

ya.ya.yo!
cooldgamer
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April 22, 2014, 12:48:53 PM
 #7

Never leave money in Paypal, on the few occasions I use them the first thing I do is use their prepaid debt card at an ATM.  Better yet, fuck 'em and just use Bitcoin Smiley

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April 22, 2014, 12:52:27 PM
 #8

Arbitrary account freezing is part of Paypal's business model. It happens often when huge sums are involved so Paypal can collect interest on the funds.

Solution: Don't use Paypal. Use wire transfer and Bitcoin.

ya.ya.yo!

True, they just want to use your money for 180 days.  
supernovax
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April 22, 2014, 02:58:15 PM
 #9

PayPal's business model has been to randomly freeze people's accounts and steal the funds in them for more than a decade. This is not breaking news.

supernovax
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April 22, 2014, 03:42:29 PM
 #10

Were you surprised by the account closure? Drug paraphernalia is explicitly against the PayPal ToS, and a quick look at page shows that the goods advertised might be confused with, or even used as, drug paraphernalia.

sana8410
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April 22, 2014, 03:44:30 PM
Last edit: April 22, 2014, 04:00:55 PM by sana8410
 #11

Paypal is a known enemy to bitcoins and all alt currencies alike, they feel threatned and then freeze you.  They must have tons of people working the freeze account department.

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jinjuro
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April 22, 2014, 03:45:51 PM
 #12

Freezing funds is a business strategy by paypal to earn more. They are holding $180 million to $220 million per year. They are having a monopoly they can basically do whatever they wants.
zolace
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April 22, 2014, 04:13:24 PM
 #13

Yeah paypal fuck me up too 1 year ago....it just closed my account and freeze $3000 for 6 months with no reason......so don't trust paypal just find other ways to transfer money or to buy /sell .

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sana8410
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April 29, 2014, 09:56:51 AM
 #14

Yeah paypal fuck me up too 1 year ago....it just closed my account and freeze $3000 for 6 months with no reason......so don't trust paypal just find other ways to transfer money or to buy /sell .
It's very common for paypal to freeze your account. Just read al l the issues on paypalsucks.com.

RENT MY SIG FOR A DAY
zolace
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April 29, 2014, 11:34:32 AM
 #15

I wish there was some alternative to Paypal that allows you to send money over the internet.

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sana8410
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April 29, 2014, 11:42:41 AM
 #16

I wish there was some alternative to Paypal that allows you to send money over the internet.
The internet should boycott paypal, dwolla used to have attractive rates for small business transaction processing, just need a good alternative for bitcoin carts. Of course you will be singleing out a sample of impulse buyers wanting the convenience (and falsely expected security) of paypal.

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kuroman
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April 29, 2014, 11:51:33 AM
 #17

Hmm this was a well known issue with paypal and they came out clear about it : they are banning anything crypto related as it is somewhat a competitor service I guess to their model
bitgeek
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April 29, 2014, 11:52:38 AM
 #18

PayPal sucks, their fees are incredibly high. I have an account there but use it only for very small transfers.


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danel
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April 29, 2014, 12:30:49 PM
 #19

Paypal is not a good option to send money online. There are several complains of limited and frozen accounts which involves thousands of dollars. Paypal is indeed bad for business.
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April 30, 2014, 09:37:13 AM
 #20

Sorry to hear about the PayPal problems, I personally hate how PayPal can just freeze peoples accounts when you are running a perfectly legal business but I guess that’s just another reason why cryptocurrencies are the future.

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