Author

Topic: Buying 0.2 BTC via Paypal (Read 812 times)

legendary
Activity: 1512
Merit: 1057
SpacePirate.io
February 26, 2014, 11:23:32 PM
#9
Trust issues aside, just to let you guys know that Paypal will freeze accounts if you buy/sell bitcoins.  I had my account frozen for selling from selling BTC on ebay, got it unfrozen but had to sign a notarized document back to paypal saying that I wouldn't buy/sell bitcoins via payal.  You can buy/sell equipment and "bitcoins related services" but not virtual currency itself... Just wanted to let you know, no harm/no foul.

Ha, sounds like a Paypal thing to do. Thanks for the warning. How did they find out what you were specifically sending the money for?

Someone bought BTC from me using a compromised paypal account, so I lost my BTC. As they started to research what it was that was purchased from me, they flagged my account. I got it fixed, but like all things paypal, it takes a loooong time. I learned my paypal lesson back in 2001 when my 1st company (customized pc cases) was featured in Maximum PC magazine and I took in over $10,000 in orders in a day, they froze my account for 30 days because (now get this) I had "made too much money". I still accept paypal for my mining business, but it's hate-anger relationship  Wink
full member
Activity: 149
Merit: 100
February 26, 2014, 11:09:23 PM
#8
Maybe it gets flagged when someone mentions BTC in the subject/notes area of the PayPal payment...

P.S. Thank you Ryland, for not doing that.  Cheesy
legendary
Activity: 882
Merit: 1001
February 26, 2014, 10:47:19 PM
#7
Trust issues aside, just to let you guys know that Paypal will freeze accounts if you buy/sell bitcoins.  I had my account frozen for selling from selling BTC on ebay, got it unfrozen but had to sign a notarized document back to paypal saying that I wouldn't buy/sell bitcoins via payal.  You can buy/sell equipment and "bitcoins related services" but not virtual currency itself... Just wanted to let you know, no harm/no foul.

Ha, sounds like a Paypal thing to do. Thanks for the warning. How did they find out what you were specifically sending the money for?
legendary
Activity: 1512
Merit: 1057
SpacePirate.io
February 26, 2014, 05:48:41 PM
#6
Trust issues aside, just to let you guys know that Paypal will freeze accounts if you buy/sell bitcoins.  I had my account frozen for selling from selling BTC on ebay, got it unfrozen but had to sign a notarized document back to paypal saying that I wouldn't buy/sell bitcoins via payal.  You can buy/sell equipment and "bitcoins related services" but not virtual currency itself... Just wanted to let you know, no harm/no foul.
legendary
Activity: 882
Merit: 1001
February 26, 2014, 05:44:09 PM
#5
Quick and easy transaction. Thanks Anixs!
full member
Activity: 149
Merit: 100
February 26, 2014, 02:09:20 PM
#4
Payment received quickly -- thanks for the great transaction!
full member
Activity: 149
Merit: 100
full member
Activity: 149
Merit: 100
February 26, 2014, 12:06:32 PM
#2
PM'd!  Smiley
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