And right NOW
..
using any Virtual Currency with Paypal is forbidden and against their TOS.If they suspect you your account will be frozen and an investigation will be launched.They requested i get a lawyer before and i had to pay for that out of pocket.
They put me through hell for around 2.5 months of them constantly fighting me
over & over they kept playing games making up new problems..
In the end when i got a signed affidavit delivered to them via consultation with my lawyer
(admitting my guilt) they said they would release my funds.
But the damage was done.. Newegg was already waiting for their money for items i already received.
My reputation was stained forever because of this with them..
Then to push my buttons and send me over the edge when they released my funds
they stole a hair under $700 usd from me then kept lying saying they gave it to Newegg.
They kept telling me every day ask Newegg about it and i did and they said ask Paypal
and they pushed me back & forth for weeks..
Eventually i found a creative method to contact these guys at Paypal directly
and i cornered them and hounded them until they admitted it.. and eventually gave me my missing $700.
Funny part was before i did anything i called them and made sure i was ok etc.
The person on the phone said ya your fine but went and checked with others.
8 hours after the phone call my account was locked and an investigation was launched !
I was then auto-banned from their forums (which is standard procedure)
And then my account was "Limited" meaning i could do nothing else other than
write a message on a piece of paper then take a picture of it and add it to the investigation menu's.
When they launch an investigation you can't even email them back or anything.
So you have no contact and no choice but to do the tasks it says in the 'dispute resolution center'
What did i do ?I went to BTCe and i had withdrawn 2x the minimum amount to Paypal.
Then i went to Newegg online and bought parts for a new computer i was trying to build.
Apparently this was a criminal act that required an intense investigation.
And yes my account was "Verified" a couple years earlier too.
It started with an email from them informing me of my violation of the Virtual Currency TOS rules.
And all they would say about it after a couple months was "admit your guilt"
..via sworn affidavit.I told them why would i do that when i had no idea i did anything wrong ?
And i said further more you guys have worded things carefully via email etc over & over
making sure to tell me that even if i admitted my guilt i would not get my money.
They simply demanded i admit my guilt or i would be Limited and lose my money for ever.
They did not so much as hint that doing this would get me my money back.
And there was NO other option.. do it or they perma-lock you period .
Funnier was when i got the TOS violation email i copied and pasted part of it into Google..
Guess what ?
It had been pasted here already word for word at Bitcointalk many times since as early as 2012.
Then go look in the "Market" section here and see the THOUSANDS of people doing this.
People here have known it was / is wrong all along and yet we are led into a trap.
The most staff here have done is warn users about "Chargebacks" on a sticky topic by theymos.
And trust me that is nothing compared to what i went through !
Paypal made sure to collect their fee's BEFORE locking my account and BTCe went on to keep doing it
and Bitcointalk carried on allowing this shit to keep going on rampantly.
BTCe + Paypal took 'exactly' $500 in fee's from me from those 2 withdrawals combined.
So once they got their $500 out of me then they were more than happy to lock my account on me of course.
This is the reality and it is the rules !
Regardless of shit people say online.
Such as ?
One of the directors at Paypal was muttering shit about Bitcoin on Twitter before.
This was quickly posted all over the web by BTC fans.. as more users continued to get their funds stolen
.and accounts locked !
Head my warning people and stay away from the issue or be prepared to lose your money + account.
I got lucky and had to fight hard and i am smarter than many people..
SO i found some ways to handle them that others will not.
For example i had already had another Paypal account to post on their blocked forums with.
Once you get locked you can't post or even make a new forum account.. you are auto banned.
And even then no one helped me and all i got from Forum staff was mouthed off.. then ignored.
To get out of the mess you may have to contact them directly and privately
and i found a way to do this which got results !
Other wise it would have possibly turned out worse for me.
Point being is they cut off all communication channels with you once locked.
So if you end up in my shoes then good luck guys.
Don't say i didn't tell you..
- AGAIN -
Good god man, that's fucking horrible. I thought I had a bad PayPal story; the ring of assholes that charged us back into oblivion at least eventually got caught and PayPal released the funds prematurely. But at least they had a reason to hold funds in my case, what they pulled with you is that bullshit.
I never hear positive stories about PayPal.. only horror stories.
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I concur, gold isn't as susceptible to hype swings, but those poor mining companies make the track records on these shitcoins look golden. Hyper undervalued until they find a new source/mine, then totally overvalued until they fail to meet production and shareholders jump ship.
