Ninjastic
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Board Bitcoin Discussion
Re: Will you buy BTC from PayPal now that they are letting people do it?
by
Sithara007
on 26/11/2020, 04:05:25 UTC
Quote from: DdmrDdmr on November 25, 2020, 09:37:46 PM
This is something to consider:

A Paypal user has been banned, and his account assets blocked for 180 day for allegedly … buying and selling crypto on Paypal itself. Apparently, he was using Paypal’s crypto buy/sell capabilities to buy the dips and sell high, but with a frequency seems to have triggered some stale alert that led Paypal to follow a standard procedure, that probably does not account for the heavyish crypto buy/sell orders.

If this is for real, it seems like they’ve messed it up pretty nicely with this person. Nice way to gain adepts … They should really revise the case over again.

https://www.reddit.com/r/CryptoCurrency/comments/k0rmtw/paypal_permanently_banned_my_account_due_to/
https://cryptopotato.com/this-user-had-his-paypal-account-banned-for-trading-cryptocurrency/

Still not enough to change my opinion.

Ever since PayPal made Bitcoins available in their platform, more than a million users have made use of that opportunity and accumulated Bitcoin. This seems to be an isolated case for me. PayPal do have some tough T&C. This user might have violated at least some of them. Anyway, I hope that he will appeal against this ban and his account limitations will be removed by PP soon.