Topic: Paypal canceled my account and holding all my funds because I was selling miners - page 3. (Read 4891 times)

The buyer will claim they never got the bitcoins and reverse the transaction.  Then they'll have their fiat and your bitcoins, and you'll have nothing.

I also learned that hard way about selling BTC/LTC related items on eBay. Lost almost $2k from scammers. PayPal has ZERO sympathy for BTC/LTC dealers of any kind. Seller Beware!

Just hope no one does a charge back on you, if they do they will prob automatically win.

Seems if noone chargeback in the next 180 days, you will be able to withdraw your remaining funds.

I recommend wait 180 days, withdraw your remaining funds and never use paypal anymore

Paypal can only see what u are buying on ebay. Are those equipment for miners or anything else. So if you bought some equipment they start ro suspect in you, and then they watch your acc what amount of money you recive or send .

I lost over 5k USD to gaypal, I am so glad after that crap with them for 6 months I found bitcoin, end of story, the fact that you still trust them to use their services baffles me.

Selling ANYTHING for FIAT... 

Selling Bitcoin Miners for FIAT... OP 

I wonder why he didn't sell his miners on Bitmit ^^

This thread is exactly why we need Bitcoin 

Paypal is useful for now but I'm hoping we'll see another alternative possibly Bitcoin related gain ground soon.

They can't find out that you bought/sold anything, because there is just a sender and a receiver (when you are doing it right).
Example: You want to buy btc. You send an amount of money to the person you want to get btc from. This person sends you btc in exchange.
So the only thing that paypal knows in this case is that you sent an amount of money to someone. But they have no idea why.

That sucks, never know paypal have so many restriction. What if I buy/sell BTC using paypal?

Urgh paypal sucks so much. I hope btc gets big enough to knock them off their perch.

Well, I hate to say it, but there was a very good possibility that this was going to happen going into this.

paypal sucks

Paypal is one of the worst entities on this earth, this only furthers my confirmation that cryptographic currencies are needed. You have no idea how many people on ebay have actually delved into my bank account from paypal.

Does that really surprise you after all those things that happened in the past?

Someone please help, I just found out my paypal account has been disband because I was selling miners on ebay. This is complete bs because i shipped everything and got good feedback on all my transactions! now Paypal is holding close to 6k of my money and won't release it for 180 days!!! wtf??? is there anything I can do to fight this?
This is the email they sent me.
For the safety and security of the PayPal network, we often review accounts for potential risks. After reviewing your account, we have decided to close it because of security issues.
We are making every effort to minimize any disruption to your business.
If your PayPal account balance is zero, and you have no unresolved buyer complaints or chargebacks, your account will remain limited.
Disbursement options
Option 1. If you owe refunds to any of your buyers, you can use the money in your PayPal account to refund them.
To refund your buyers: 1. Log in to your PayPal account. 2. Click "Contact Us" at the bottom of any page. 3. Click "Contact Customer Service." 4. Under "Choose a Topic," select "Sending/Receiving Money." 5. Under "Choose a Subtopic," select "Refund/Cancel a Payment." 6. Click "Continue" and follow the instructions to refund payments.
Option 2. Money in your PayPal account will be held for 180 days. After 180 days, we'll email you information on how to receive your funds.
We regret any inconvenience this may cause.
Thanks,
PayPal

If anyone has this happened to them, can you pm me and tell me if you were able to get your fund back?