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Need Suggestions on Paypal Freezing Bitcoin Payments
by
djex
on 15/05/2011, 01:36:40 UTC
I just sold some BTC on bitcoinmarket.com and have confirmed with the buyer that he did receive all of the bitcoins. The buyer sent the proper amount to my paypal account but 10 minutes later paypal froze that payment and asked for more information on the payment.

So there was nothing else I could do except reply back to paypal explaining why I received these and what they were for. I also attached the buyers email he sent me confirming his purchase and receiving the proper amount of bitcoins.

So my question is what happens next? What are some experiences people here have had with paypal and doing this sort of thing? I have a bad feeling that my account may be frozen after they review my explanation (due to the fact paypal doesn't care for bitcoin to much). If it is frozen and all funds in the account are frozen will I ever be able to withdraw them again?

I've never had a problem with paypal before so I do not understand why they would randomly freeze a payment and want me to give more information.

Any help or suggestions would be helpful.