Apparently PayPal can no longer be used to buy/sell Bitcoin mining hardware

[bitcoincraps]

Pay Pal are nothing better than thieves. They will randomly lock accounts. Supposedly "refund" money that has been in your account for months.

They will not communicate. You can only write within your account, you receive automated emails back that do not relate to what you have written.

If you phone, you get blatant lies told to you. Each call is finished by them telling you they will sort the problem if you get off the phone and that they will email you the resolve within an hour.

The email will come and it tells you exactly what you already know. Your account is FOREVER locked !

THIS IS WHY YOU COULD BUY 1 BITCOIN FOR $10 6 MONTHS AGO AND TODAY YOU NEED $120 TO GET ONE SINGLE COIN.

Wake up. It's YOUR MONEY !!!!!

[Welsh]

Wrong im my opinion.

They see competition and without welcoming it, they try to shut it down.
Yet, paypal is pretty much a monopoly company, also illegal.

[solex]

To continue using your PayPal account, we need some additional information
from you. Keep in mind that we have placed a limitation on your PayPal
account, and this limitation will remain until we receive and review this
information. Please provide us with the following:

   • A brief affidavit stating that you understand and will comply with
PayPal's terms and conditions.
   • The type of payments you will send and receive, including the type of
goods or services you will accept payments for in the future.

Below you will find suggested affidavit language. Please make sure that the
requested affidavit is signed and notarized.

I the undersigned do affirm that I understand and will comply with PayPal's
policy regarding the use of PayPal Accounts to sell e-currency, such as
bitcoins, bitcoin mining units, and other related bitcoin products. I
understand that PayPal may not be used to sell e-currency, such as
bitcoins, bitcoin mining units, and other related bitcoin products. I
further affirm that any further detected violation of the policy may result
in the immediate closure of, or restriction to access to the account.

I have to admire the preposterous way they make you jump through hoops just to re-enable access to your money. The classic "Write 100 times on the blackboard" punishment.

We look forward to hearing from you and thank you for choosing PayPal as
your business partner.

And this completes the shit sandwich.

Truly, this organization needs to die in a fire.

I'm glad we can all contribute to that end.

I agree. It will be fantastic to see Bitcoin put a flamethrower on this sea-monster which spouts doublespeak like that in George Orwell's 1984.

[ruggedman_dan]

Pay Pal are nothing better than thieves. They will randomly lock accounts. Supposedly "refund" money that has been in your account for months.

They will not communicate. You can only write within your account, you receive automated emails back that do not relate to what you have written.

If you phone, you get blatant lies told to you. Each call is finished by them telling you they will sort the problem if you get off the phone and that they will email you the resolve within an hour.

The email will come and it tells you exactly what you already know. Your account is FOREVER locked !

THIS IS WHY YOU COULD BUY 1 BITCOIN FOR $10 6 MONTHS AGO AND TODAY YOU NEED $120 TO GET ONE SINGLE COIN.

Wake up. It's YOUR MONEY !!!!!

Bingo. Great post couldn't agree more.

[CasinoBit]

Pay Pal are nothing better than thieves. They will randomly lock accounts. Supposedly "refund" money that has been in your account for months.

They will not communicate. You can only write within your account, you receive automated emails back that do not relate to what you have written.

If you phone, you get blatant lies told to you. Each call is finished by them telling you they will sort the problem if you get off the phone and that they will email you the resolve within an hour.

The email will come and it tells you exactly what you already know. Your account is FOREVER locked !

THIS IS WHY YOU COULD BUY 1 BITCOIN FOR $10 6 MONTHS AGO AND TODAY YOU NEED $120 TO GET ONE SINGLE COIN.

Wake up. It's YOUR MONEY !!!!!

The funny thing is that if you email them in advance and ask if this is allowed they will tell you that it is allowed, as well as operating a Bitcoin exchange, selling Bitcoin hardware and so on, but if you actually do it they will freeze your account forever.

[Fuzzy]

If only Bitmit had the buyer volume of eBay... eBay/PayPal can get away with their scams/ridiculous fees simply because they have so many users.

All in good time.

[Waramp22]

Can we please stop using PayPal?

I just hate reading stories of people getting their funds locked up. And when did they add that caveat to their TOS about mining hardware? I read their TOS a few months back and it said nothing of the sort.

Anyway lets move away from PayPal and their bs. We have perfectly good alternatives like BTC, LTC and different e-currencies.

The reason people still use paypal is because in normal transactions it gives the customer protection. Crypto coins do not. Like hell im going to send someone overseas 100 bitcoints for an avalon preorder with absolutely no protection. Until bitcoin gets a service similar to paypal that offers us protecion, paypal will be #1.

The sad truth is, Bitcoin is full of scammers and I have yet to see any alternatives to using paypal other than haveing a third person involved for escrow.

[mitty]

$8 UPS notary fee and 2 days later, I once again have access to my PayPal account.  wooo

[PatMan]

PayPal is eBay is rip-off merchants. They are not to be trusted whatsoever. Having said that, I do use them occasionally if I see a potential bargain, but I NEVER leave cash in my PayPal account - instead I transfer it to/from a bank account that I use solely for PayPal/eBay, then immediately transfer again to a different Bank account to ensure they can't rip me/freeze/steal any cash from me. As they do to thousands of people around the world. The scum.

Thanks to Bitcoin, their days are numbered.

[Fjordbit]

The reason people still use paypal is because in normal transactions it gives the customer protection. Crypto coins do not. Like hell im going to send someone overseas 100 bitcoints for an avalon preorder with absolutely no protection. Until bitcoin gets a service similar to paypal that offers us protecion, paypal will be #1.

The sad truth is, Bitcoin is full of scammers and I have yet to see any alternatives to using paypal other than haveing a third person involved for escrow.

The answer to this is escrow. The problem is that there's no escrow (that I know of) that will execute trades into an out of bitcoin for you, so the seller is exposed to value risk. Also, it's a lot more annoying for something like this where completion of the sale could take months.

[Ben Thomas Clayton]

How does this affect services like https://btc2pp.net ?

[ISAWHIM]

Show them that CPU's, GPU's, Iphones, Tablets, and itouche's can also MINE, and are, thus, "mining equipment"... and they will change the statement.

BFL's are not "dedicated" only to bitcoins, nor are any other devices, thus, can not be called "bitcoin miners", just because they are capable of that task. They would have to be dedicated to that task only. (ASIC's can mine any other alt-coin, that is based off SHA256, and perform other duties. Proof of that is on the website, in the software section. Shhh, that is for the FPGA's not the ASIC's... but they don't know that!)

Legally, you can sue them if you use CC or BANK-NOTES through PAYPAL... as... "This currency can be used for ALL DEBITS PUBLIC AND PRIVATE." It is a federal violation to "Refuse acceptance of currency of a federal note, for services." It is also a violation of the CC company, who is backed federally, and says roughly the same thing. (They had to agree to that, to accept a CC for transactions.)

They can only block actual "paypal - currency" that is originated from "paypal - currency". (EG, I pay THROUGH paypal, but the money I pay with is USD from a bank, or CC funds.)

[e21]

@OP: Mitty, can I ask how many Singles you sold before PayPal sent this? I have 5 that I was going to try and sell next week, but I'm a little hesitant now.

[deadweasel]

@OP: Mitty, can I ask how many Singles you sold before PayPal sent this? I have 5 that I was going to try and sell next week, but I'm a little hesitant now.

I find it funny that people are using paypal to purchase bitcoin mining hardware.

[film2240]

I wonder if this will affect used GPUs next seeing how they can also mine bitcoins (rather poorly I must add) if PayPal has a problem with 'bitcoin mining units'? Thanks for the tip. I'm also having an issue with PayPal in terms of verifying who I am (apparantly asks for Drivers license and proof of address after a while of being unverified from the start,is this normal?).

[PatMan]

It's normal in a totalitarian nazi police state........

[film2240]

It's normal in a totalitarian nazi police state........

What? With PayPal or the UK?
Well that's not very encouraging is it?

I'll have to remove PayPal as an option for people buying from me on other forums then as I have no time to spend on this verifying business. It'll be either Bitcoins or bank transfer for my buyers in UK for items to sell on avforums.com now.

[PatMan]

It's normal in a totalitarian nazi police state........

What? With PayPal or the UK?
Well that's not very encouraging is it?

I'll have to remove PayPal as an option for people buying from me on other forums then as I have no time to spend on this verifying business. It'll be either Bitcoins or bank transfer for my buyers in UK for items to sell on avforums.com now.

Both....

PayPal must have changed their rules in the UK then, I never had to provide any of that shite when I verified my account. Still, just another reason to not use them I suppose.....

[MagicBit15]

You just got unlucky man, most people who buy and sell on there go unhitched.

I have sold tons of casascius, digital, and other bitcoin *related* stuff and I have never had a problem. Not once.

People who sells coins with physical receipts *tracking numbers* have virtually no problems.

And even most who just sell the digital coins will be able to with no issue. I mean there are over 600 search results when you type in bitcoin. So it is not really a big issue.

Unlike if you type in "modchip" or "Ukash" etc., which back in the day would find literally 0 results because it is against TOS, maybe a few if you were lucky.

The only ones who have ever had an issue or hear commonly of issues are people selling mining units, physically custom made bitcoin notes ex hand made QR notes, and ESPECIALLY pre-orders.

I have a phone call I recorded as well from around mid april, asking a representative about bitcoin, and ebay specifically does have it against any policy. Ebay is not the problem it is almost always PAYPAL.


So yeah, for now everything is hunky dory follow those things if you choose to sell their and you will probably be okay. However, with all these coins I am sure it will not be forever, so if you enjoy buying and selling on ebay, get it while it is hot so to speak. IMO at least. I think they should allow it to keep selling, boosts momentum for the currency, but I'm not in charge. Good luck!!

[MagicBit15]

Oh also, if you are buying and reselling just "digital" coins, almost all need verified paypal with matching address, but thats been standard for as long as I can remember because of hacked accts and constant chargebacks. But in general, read through a few auctions if your a newbie before try it there.

Good luck!!

P.S. glad your account is unlocked