I don't think it's an issue with LBC.
I've also had many trades on LBC last year and my PayPal account is still active. It's the issue if you keep have too many trades in a short span of time and you can just tell PayPal that you are transacting with people who buy your goods.
Topic: Possible problem with paypal limiting my account after selling on LBC (Read 714 times)
June 27, 2016, 02:34:54 PM
June 26, 2016, 03:55:42 PM
i think it is not for the first time i am hearing about the complaint about PayPal. actually PayPal is not a reliable money transfer agency. it is a regional agency and is also banned by so many countries. i think you have so many other option to send your money which are more reliable and trustable in all sense.
June 26, 2016, 03:02:22 PM
Maybe sell for Skrill/Neteller & then withdraw them to your bank.
June 25, 2016, 07:44:11 PM
Never mention bitcoin in any paypal invoice or payment request and you`ll be fine.
June 25, 2016, 02:04:19 PM
Paypal can terminate or suspend your account for whatever reason they deem fit. They may allow you to trade "under the radar" for a while with small amounts, but if anyone you trade with gets flagged or causes problems like chargebacks then your account will get investigated. Under "Know Your Customer" laws they have to try and understand what the transactions are doing, to prevent stuff like money laundering.
June 25, 2016, 01:52:25 PM
I have made maybe 5-6 transactions on LBC in the last week. Paypal has now limited my account, asked for documentation and asked what the money coming in was for. I need some advice.
Is selling btc and accepting paypal against their TOS?
Is selling btc and accepting paypal against their TOS?
Yes.
If so what is the best thing to tell them with regard to the nature of the transactions?
You made a mistake. Now, admit it & see what they say. No point of lying to them. They're going to know sooner or later. If amount in your account is not much then just forget the amount as they're most probably going to permanently limit you.
I am banned from circle and coinbase (for gambling transactions) is there there a third good option to sell bitcoins?
There are many options depending upon your country & payment processor you want payment in.You gotta be more specific here in case you need more specific inputs.
Also, it's not possible if someone reports our email address unless they have no proof that we are dealing on LBC. It is possible to remove the limit if they can't find proof of our bitcoin transactions.
June 25, 2016, 06:05:32 AM
It's possible that somebody reported those transactions or they must have checked the email IDs that have sent you payments. You can submit your ID proof as that will help you to recover your funds from PayPal after the limit is removed. You can try stating that you had transactions for a freelance job. Also, no payment processor allows trades/exchanges and they have their own exchanges that we need to use. Best way is to either sell on this forum or use their exchange websites to buy/sell bitcoins.
June 25, 2016, 12:19:02 AM
I have made maybe 5-6 transactions on LBC in the last week. Paypal has now limited my account, asked for documentation and asked what the money coming in was for. I need some advice.
Is selling btc and accepting paypal against their TOS?
If so what is the best thing to tell them with regard to the nature of the transactions?
I am banned from circle and coinbase (for gambling transactions) is there there a third good option to sell bitcoins?
Is selling btc and accepting paypal against their TOS?
If so what is the best thing to tell them with regard to the nature of the transactions?
I am banned from circle and coinbase (for gambling transactions) is there there a third good option to sell bitcoins?
I guess you`ve made a mistake.
Never mention bitcoin in any paypal invoice or payment request and you`ll be fine.
The people sending you money via pp should never mention bitcoin in their paypal payment emails.
I was selling btc for paypal on localbitcoins and never had any problem.
Provide the asked documentation and never admit that you were trading bitcoins.
June 24, 2016, 10:23:28 PM
PayPal has updated their policy; they now cover intangible transactions such as BTC.
Can you link to news or something about this, because I wasn't able to find.
However, Coinbase now accept PayPal as payment method for US only.
June 24, 2016, 10:13:49 PM
PayPal has updated their policy; they now cover intangible transactions such as BTC.
they always did
June 24, 2016, 10:09:07 PM
PayPal has updated their policy; they now cover intangible transactions such as BTC.
June 24, 2016, 09:39:56 PM
they are limiting you to make sure that you are not stealing money, it has nothing to do with the type of transactions
June 24, 2016, 03:26:36 PM
Maybe sell for Skrill/Neteller & then withdraw them to your bank.
June 24, 2016, 10:30:57 AM
USA, i would prefer something with ACH to bank like CB/Circle but am flexible.
Maybe sell for Skrill/Neteller & then withdraw them to your bank. June 24, 2016, 09:48:03 AM
USA, i would prefer something with ACH to bank like CB/Circle but am flexible.
June 24, 2016, 09:45:59 AM
I have made maybe 5-6 transactions on LBC in the last week. Paypal has now limited my account, asked for documentation and asked what the money coming in was for. I need some advice.
Is selling btc and accepting paypal against their TOS?
Is selling btc and accepting paypal against their TOS?
Yes.
If so what is the best thing to tell them with regard to the nature of the transactions?
You made a mistake. Now, admit it & see what they say. No point of lying to them. They're going to know sooner or later. If amount in your account is not much then just forget the amount as they're most probably going to permanently limit you.
I am banned from circle and coinbase (for gambling transactions) is there there a third good option to sell bitcoins?
There are many options depending upon your country & payment processor you want payment in.You gotta be more specific here in case you need more specific inputs.
June 24, 2016, 09:38:55 AM
I have made maybe 5-6 transactions on LBC in the last week. Paypal has now limited my account, asked for documentation and asked what the money coming in was for. I need some advice.
Is selling btc and accepting paypal against their TOS?
If so what is the best thing to tell them with regard to the nature of the transactions?
I am banned from circle and coinbase (for gambling transactions) is there there a third good option to sell bitcoins?
Is selling btc and accepting paypal against their TOS?
If so what is the best thing to tell them with regard to the nature of the transactions?
I am banned from circle and coinbase (for gambling transactions) is there there a third good option to sell bitcoins?
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