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Topic: Paypal freezes our account after one year of service. (Read 825 times)

member
Activity: 70
Merit: 10
The same thing was happened to me. PayPal without any reason had freezed my money for 30 days. They are legalized crook with the highest fees on internet transaction! Unfortunately you can't do nothing of concrete to have your money back before
hero member
Activity: 2184
Merit: 513
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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 crypto currencies are the future.

this one is a solid reason why crypto currencies needs in future . some processor  take huge amount of fee at time transaction .
sr. member
Activity: 350
Merit: 250
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.
full member
Activity: 217
Merit: 100
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.
sr. member
Activity: 462
Merit: 251
PayPal sucks, their fees are incredibly high. I have an account there but use it only for very small transfers.
hero member
Activity: 588
Merit: 501
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
sr. member
Activity: 448
Merit: 250
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.
sr. member
Activity: 364
Merit: 250
I wish there was some alternative to Paypal that allows you to send money over the internet.
sr. member
Activity: 448
Merit: 250
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.
sr. member
Activity: 364
Merit: 250
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 .
hero member
Activity: 602
Merit: 500
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.
sr. member
Activity: 448
Merit: 250
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.
full member
Activity: 140
Merit: 100
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.
full member
Activity: 140
Merit: 100
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.
legendary
Activity: 1274
Merit: 1004
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.  
legendary
Activity: 1218
Merit: 1003
We are the champions of the night
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
legendary
Activity: 1806
Merit: 1024
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!
full member
Activity: 532
Merit: 100
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Hilarious
newbie
Activity: 42
Merit: 0
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.
sr. member
Activity: 294
Merit: 250
Do you have a business or something?
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