Topic: Drop by if you are a PayPal user - page 3. (Read 368 times)
At first PayPal aren't so sure about the survival of crypto but since 2019 they have been carefully watching how crypto will get perform and this year pandemic did a big part by proving how strong crypto is, PayPal are in for the money making, no doubt but do you guys think that they already had enough to start blocking crypto traders account? They knew the consequences for that, I believe that affected crypto user is into more than we know.
If you are a PayPal user and your account got blocked why trading crypto please kinda drop comment on here, the reason why I bring this up is because of I still find it hard to believe that PayPal is blocking users account for no reason sake, PayPal is after money and they knew that implementing crypto will bring them huge money, they won't want to chase away their customers and ruin their reputation, they know about better crypto exchanges out there, the competition is real
Thats maybe a regulation they make from the past. Since they add bitcoin and other crypto in their platform now it might be change . But as for me it's better to secure your funds to your own hand than trusting it with 3rd party that have hard regulations to follow.By the way here is the old article for blocking users in PayPal that use cryptop currency transaction.https://www.financemagnates.com/cryptocurrency/news/paypal-bans-user-for-trading-cryptocurrencies/
I'm a PayPal user, but I do not trade crypto there. I have no doubts that some user got blocked for trading crypto, because PayPal have weird rules and algorithms. Their support is terrible, you have to wait for days to get a default answer.
My story. I've helped one guy with photo editing. He paid me to PayPal and his payment is on hold. PayPal shows that the payment is received and asks to "updated shipment information" if I want to get funds quicker. I've done it and the sign that my holdings will be released in 7 days appeared. After 10 days nothing happened. I've waited 2 days for support answer. I was told that funds will be released when deals status will be changed to "shipped". It is now shipped for 12 days... Right now I'm waiting for another answer from support.
If I have issues with such and easy service with fiat, then there is no wonder there are issues with Bitcoin trading.
Payment delays on PayPal aren't new at all, in your case it's all about waiting but what the OP is talking about is banned accounts, I am a paypal user myself and I haven't seen such happen, not even among my friends that use PayPal service too, my thoughts is Paypal new what will happen if they keep blocking users account, I'm sure they are blocking people for some reasons, it would have been better if they can just give reasons My story. I've helped one guy with photo editing. He paid me to PayPal and his payment is on hold. PayPal shows that the payment is received and asks to "updated shipment information" if I want to get funds quicker. I've done it and the sign that my holdings will be released in 7 days appeared. After 10 days nothing happened. I've waited 2 days for support answer. I was told that funds will be released when deals status will be changed to "shipped". It is now shipped for 12 days... Right now I'm waiting for another answer from support.
If I have issues with such and easy service with fiat, then there is no wonder there are issues with Bitcoin trading.
I'm a PayPal user, but I do not trade crypto there. I have no doubts that some user got blocked for trading crypto, because PayPal have weird rules and algorithms. Their support is terrible, you have to wait for days to get a default answer.
My story. I've helped one guy with photo editing. He paid me to PayPal and his payment is on hold. PayPal shows that the payment is received and asks to "updated shipment information" if I want to get funds quicker. I've done it and the sign that my holdings will be released in 7 days appeared. After 10 days nothing happened. I've waited 2 days for support answer. I was told that funds will be released when deals status will be changed to "shipped". It is now shipped for 12 days... Right now I'm waiting for another answer from support.
If I have issues with such and easy service with fiat, then there is no wonder there are issues with Bitcoin trading.
My story. I've helped one guy with photo editing. He paid me to PayPal and his payment is on hold. PayPal shows that the payment is received and asks to "updated shipment information" if I want to get funds quicker. I've done it and the sign that my holdings will be released in 7 days appeared. After 10 days nothing happened. I've waited 2 days for support answer. I was told that funds will be released when deals status will be changed to "shipped". It is now shipped for 12 days... Right now I'm waiting for another answer from support.
If I have issues with such and easy service with fiat, then there is no wonder there are issues with Bitcoin trading.
If you are a PayPal user and your account got blocked why trading crypto please kinda drop comment on here, the reason why I bring this up is because of I still find it hard to believe that PayPal is blocking users account for no reason sake, PayPal is after money and they knew that implementing crypto will bring them huge money, they won't want to chase away their customers and ruin their reputation, they know about better crypto exchanges out there, the competition is real
None so far I guess, people likes fighting for the wrong cause honestly, on this forum I'm sure there are many PayPal users here but no single one got his or her PayPal account banned for unknown reasons yet you guys are taking the side of a crypto trading that got banned for unclear reason, if I can remember very well some scammers are using PayPal accounts for illegal funding, they move huge amount of money from hacked bank accounts or cards and use PayPal as the source, if your account get blocked check yourself.
As a Centralized company PayPal has the power to do how they like but is that the case here? Stop fighting for something that isn't 100% clearer to you, just because PayPal has the power to block users doesn't mean they are misusing the power, I'm pretty sure that blocked accounts users have done something wrong
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As far as I use Paypal in the past, I heard about many members getting blocked by Paypal without any clear reason, even if they are verified Paypal members for years. Paypal has the power to block their users without any explanations, but we can ask Paypal about the problem. If we are not guilty of making any suspicious transaction, Paypal will open the blocked. Usually, they need their members to send any backup document to convince them to release the account. But if that is because trading crypto in Paypal will be blocked by Paypal, then how come Paypal announce their members to use the new services in their account.
I opened my PayPal account in 2017 and till that time I've never had any issue with the platform, If PayPal are just blocking accounts for no reason it would be very clear right now, I've only heard about one or two crypto users that got their accounts blocked, those users can't be trusted honestly, people this days have no respect for anything, they can do and undo when they see any opportunities, I won't blame PayPal
There was actually a user last month who got blocked for trading Bitcoin in Paypal. here's an article about that user. I think the thing here is that Paypal doesn't really care much about cryptocurrency except getting the name "Bitcoin" to attract attention and create hype. Look at the impact, their stocks rose because of Bitcoin. It really sucks that they aren't really helping with adoption since you really can't do anything, though they helped with advertising.
Although there is no prove why users accounts are been block on PayPal, some said the affected users try to cheat the system somehow and some said it's PayPal doing as they are know for blocking accounts even before crypto landed on their platforms but why is PayPal silent about this? I am a Paypal user since 2018 and my account has never been blocked
It is always good to hear both side of a story, paypal is a well known company that has been providing services for years now, it will be odd for them to go about blocking accounts without any concrete reason, i know sellers usually complain about account been blocked by paypal but when you look closely this users weren't all that innocent, those who find themselves in this situation should approach the paypal customer service for help.
Although there is no prove why users accounts are been block on PayPal, some said the affected users try to cheat the system somehow and some said it's PayPal doing as they are know for blocking accounts even before crypto landed on their platforms but why is PayPal silent about this? I am a Paypal user since 2018 and my account has never been blocked
If you are a PayPal user and your account got blocked why trading crypto please kinda drop comment on here, the reason why I bring this up is because of I still find it hard to believe that PayPal is blocking users account for no reason sake, PayPal is after money and they knew that implementing crypto will bring them huge money, they won't want to chase away their customers and ruin their reputation, they know about better crypto exchanges out there, the competition is real
My question to you is... is your account got blocked by PayPal for trading crypto or you just making this post base on what you read and not what you experience?
i do have an account with PayPal but just for my personal usage only so i can't say much about trading experience since i don't use it for that, besides, PayPal has always been known for blocking accounts for any slightest irregularities and it does not necessarily be accounts related to crypto trading only only, probably this accounts are violating some of the rules regarding trading by PayPal or so, for them to block this accounts there must be a good reason.
If you are a PayPal user and your account got blocked why trading crypto please kinda drop comment on here, the reason why I bring this up is because of I still find it hard to believe that PayPal is blocking users account for no reason sake, PayPal is after money and they knew that implementing crypto will bring them huge money, they won't want to chase away their customers and ruin their reputation, they know about better crypto exchanges out there, the competition is real
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