Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Will you buy BTC from PayPal now that they are letting people do it?
by
mgoz
on 26/11/2020, 05:02:42 UTC
⭐ Merited by vapourminer (1)
A Paypal user has been banned, and his account assets blocked for 180 day for allegedly … buying and selling crypto on Paypal itself.

This doesn't surprise me at all. One of my client's PayPal accounts was permanently banned a week ago without notice or reason and they weren't even crypto related. They opened a business account 2-3 months ago to process orders for physical goods on their website. Legit 30+ year old mom and pop business. PayPal stated they could no longer do business with them, provided no reason, said the decision was final, and put a 180 day hold on the funds in their account. They weren't even doing crazy sales. Maybe $100-$200/day. Zero cases filed against them and all of their shipping labels were bought and tracked through PayPal. A company that will terminate your account whenever they want without explanation is probably not a company you want to be doing business with, let alone trusting with your crypto. Good luck getting anyone on the phone either. We'd leave a call back number and get an automated call back a few minutes later saying their call center was in maintenance.