Bitcoin Forum
June 25, 2019, 04:58:09 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 »  All
  Print  
Author Topic: WARNING: PAYPAL STARTED MASSIVE ACCOUNT BAN ON ANYTHING BITCOIN RELATED  (Read 66531 times)
newguy05
Hero Member
*****
Offline Offline

Activity: 1316
Merit: 503


Someone is sitting in the shade today...


View Profile WWW
February 04, 2014, 05:02:47 PM
 #1

FYI, paypal has started a massive banning campaign on accounts selling anything bitcoin related, whether it's mining equipment, ebooks, or the currency itself.

This is a new action they started around mid Jan of this year.

You will be warned once, then your account will be perm banned from paypal, with all money inside frozen.  

I got called from paypal because i sold a few casascius coins (no issues with the transaction itself, buyers all happy).  But the lady said because i sold bitcoin my account is now under review for a perm ban. I stated i have been selling since early 2013 with no issues, and it's perfectly legal within ebay they even created a new category called virtual currency for it.

But she could careless just reading off a script, but I managed to get it out of her it's some new policy they are now implementing against bitcoin. She doesnt really even understand what it is, as long as the auction has the word bitcoin in it, over certain $ amount, and buyer paid with paypal, you are at risk getting the hammer.  If you check online many similar stories in the last month or so.

That's one way to try shut down the competition.  ,,!,, paypal

         ▄██████
       ▄████████
     ▄██████████
   ▄█▀     █████
 ▄███      █████
█████      ███████████████████████████
█████      ███████████████████████████
█████      ███████████████████████████
█████                           ████▀
█████                           ██▀
█████                          ▄▀   
██████████████████████████████▀
████████████████████████████▀
L I N K
by BLOCKMASON





..CREATE WEB APIS........
..FROM ANY SMART........
..CONTRACT.........................






█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█  ██████    ▄▄▄▄▄▄▄▄ █
█  ██████    ▄▄▄▄▄▄▄▄ █
█  ██████    ▄▄▄▄▄▄▄▄ █
█            ▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█                     █
█ ▄▄▄▄▄▄              █
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█

READ THE
WHITEPAPER

>>>






▄          █▄                         ▄
██▄        ███▄                     ▄██
████▄      █████▄                 ▄████
██████▄    ███████▄             ▄██████
████████▄   ▀███████▄         ▄███████▀
██████████▄   ▀███████▄     ▄███████▀
████████████▄   ▀███████▄ ▄███████▀  
██████████████▄   ▀█████████████▀   ▄██
████████████████▄   ▀█████████▀   ▄████
██████████████████▄   ▀█████▀   ▄██████
████████████████████▄   ▀█▀   ▄████████
BLOCKMASON
BUILDING THE FUTURE









FACEBOOK
REDDIT
TWITTER

LINKEDIN
GITHUB
MEDIUM
1561481889
Hero Member
*
Offline Offline

Posts: 1561481889

View Profile Personal Message (Offline)

Ignore
1561481889
Reply with quote  #2

1561481889
Report to moderator
1561481889
Hero Member
*
Offline Offline

Posts: 1561481889

View Profile Personal Message (Offline)

Ignore
1561481889
Reply with quote  #2

1561481889
Report to moderator
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1561481889
Hero Member
*
Offline Offline

Posts: 1561481889

View Profile Personal Message (Offline)

Ignore
1561481889
Reply with quote  #2

1561481889
Report to moderator
h3rlihy
Sr. Member
****
Offline Offline

Activity: 356
Merit: 250


View Profile
February 04, 2014, 05:05:20 PM
 #2

Demonstrates exactly why bitcoin is superior in the first place. Nobody to stand behind you telling you what you can & can't sell.
cooldgamer
Legendary
*
Offline Offline

Activity: 1218
Merit: 1003


We are the champions of the night


View Profile WWW
February 04, 2014, 05:07:18 PM
 #3

You were selling a physical item that was perfectly allowed and they froze your money because they didn't like it...  How is that not illegal?

banaltcoin
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
February 04, 2014, 05:08:20 PM
 #4

You were selling a physical item that was perfectly allowed and they froze your money because they didn't like it...  How is that not illegal?

sue them!
newguy05
Hero Member
*****
Offline Offline

Activity: 1316
Merit: 503


Someone is sitting in the shade today...


View Profile WWW
February 04, 2014, 05:10:23 PM
 #5

You were selling a physical item that was perfectly allowed and they froze your money because they didn't like it...  How is that not illegal?

exactly, i explained very clearly everything i sold was physical - casascius coins and some asic mining equipment, nothing virtual.  But she doesnt care or even understand, to be fair i dont think it's her fault she's just a drone.

i have been with paypal for over 10 years with a business account and paypal credit card, do about $10k transaction with them each month. And they would just ban me because i listed a few bitcoin auction is insane

I wondering if i should withdraw money from paypal now, got about $6k in there, but if i do i think it will worsen my chance of not getting perm ban.

what a nightmare, becareful guys.

edit:  i dont think buyers are affected, they are only targeting sellers.

         ▄██████
       ▄████████
     ▄██████████
   ▄█▀     █████
 ▄███      █████
█████      ███████████████████████████
█████      ███████████████████████████
█████      ███████████████████████████
█████                           ████▀
█████                           ██▀
█████                          ▄▀   
██████████████████████████████▀
████████████████████████████▀
L I N K
by BLOCKMASON





..CREATE WEB APIS........
..FROM ANY SMART........
..CONTRACT.........................






█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█  ██████    ▄▄▄▄▄▄▄▄ █
█  ██████    ▄▄▄▄▄▄▄▄ █
█  ██████    ▄▄▄▄▄▄▄▄ █
█            ▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█                     █
█ ▄▄▄▄▄▄              █
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█

READ THE
WHITEPAPER

>>>






▄          █▄                         ▄
██▄        ███▄                     ▄██
████▄      █████▄                 ▄████
██████▄    ███████▄             ▄██████
████████▄   ▀███████▄         ▄███████▀
██████████▄   ▀███████▄     ▄███████▀
████████████▄   ▀███████▄ ▄███████▀  
██████████████▄   ▀█████████████▀   ▄██
████████████████▄   ▀█████████▀   ▄████
██████████████████▄   ▀█████▀   ▄██████
████████████████████▄   ▀█▀   ▄████████
BLOCKMASON
BUILDING THE FUTURE









FACEBOOK
REDDIT
TWITTER

LINKEDIN
GITHUB
MEDIUM
P_Shep
Legendary
*
Offline Offline

Activity: 1400
Merit: 1028


I dislike cats.


View Profile
February 04, 2014, 05:12:51 PM
 #6

Hmm, wanted to sell my miners.

I guess it doesn't need the word 'Bitcoin' in there really.
Tirapon
Hero Member
*****
Offline Offline

Activity: 897
Merit: 1000



View Profile
February 04, 2014, 05:15:13 PM
 #7

There is someone else around here suing paypal for similar reasons. See if you can get in touch with them.
newguy05
Hero Member
*****
Offline Offline

Activity: 1316
Merit: 503


Someone is sitting in the shade today...


View Profile WWW
February 04, 2014, 05:17:35 PM
 #8

There is someone else around here suing paypal for similar reasons. see if you can get in touch with them.


you cant sue paypal, you will get buried before getting to court.

         ▄██████
       ▄████████
     ▄██████████
   ▄█▀     █████
 ▄███      █████
█████      ███████████████████████████
█████      ███████████████████████████
█████      ███████████████████████████
█████                           ████▀
█████                           ██▀
█████                          ▄▀   
██████████████████████████████▀
████████████████████████████▀
L I N K
by BLOCKMASON





..CREATE WEB APIS........
..FROM ANY SMART........
..CONTRACT.........................






█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█  ██████    ▄▄▄▄▄▄▄▄ █
█  ██████    ▄▄▄▄▄▄▄▄ █
█  ██████    ▄▄▄▄▄▄▄▄ █
█            ▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█                     █
█ ▄▄▄▄▄▄              █
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█

READ THE
WHITEPAPER

>>>






▄          █▄                         ▄
██▄        ███▄                     ▄██
████▄      █████▄                 ▄████
██████▄    ███████▄             ▄██████
████████▄   ▀███████▄         ▄███████▀
██████████▄   ▀███████▄     ▄███████▀
████████████▄   ▀███████▄ ▄███████▀  
██████████████▄   ▀█████████████▀   ▄██
████████████████▄   ▀█████████▀   ▄████
██████████████████▄   ▀█████▀   ▄██████
████████████████████▄   ▀█▀   ▄████████
BLOCKMASON
BUILDING THE FUTURE









FACEBOOK
REDDIT
TWITTER

LINKEDIN
GITHUB
MEDIUM
banaltcoin
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
February 04, 2014, 05:19:35 PM
 #9

some banks closed user's account for the same reason, why? because bitcoin is supposed to destroy them! bank and paypal of cause will fight back!
FandangledGizmo
Legendary
*
Offline Offline

Activity: 1141
Merit: 1001


View Profile
February 04, 2014, 05:19:41 PM
 #10

Congratulations Paypal.

You've just publicly admitted - 'Oh F*ck we're obsolete!'
Frost000
Full Member
***
Offline Offline

Activity: 168
Merit: 100



View Profile
February 04, 2014, 05:24:38 PM
 #11

As long as they don't "ban" users who've purchased $50 of Virwox second life currency to convert to BTC.

Though I did that only once and over 3-4 months ago.

Otherwise, I've been using PayPal for something like 6+ years. I'm not their biggest fan, but I still find it useful for some things.
BTCisthefuture
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


View Profile
February 04, 2014, 05:25:03 PM
 #12

You were selling a physical item that was perfectly allowed and they froze your money because they didn't like it...  How is that not illegal?

Cause it's paypal and they can spend millions on lawyers,  you can't  Wink Angry Shocked Undecided Embarrassed

Hourly bitcoin faucet with a gambling twist !  http://freebitco.in/?r=106463
Trewqgfdsa1
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
February 04, 2014, 05:25:23 PM
 #13

What about private transaction???  Are they banning that as well?? (Can they see what we're selling?)

I'm talking about transaction conducted via forum or chatroom...

just wondering..  Shocked
RodeoX
Legendary
*
Offline Offline

Activity: 2996
Merit: 1121


The revolution will be monetized!


View Profile
February 04, 2014, 05:28:15 PM
 #14

Never use PayPal for anything involving bitcoin. It is just that simple. PayPal stands to be the biggest looser if bitcoin catches on. Why would they want to help us?

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf
Free bitcoin in ? - Stay tuned for this years Bitcoin hunt!
daserpent1
Sr. Member
****
Offline Offline

Activity: 440
Merit: 250



View Profile
February 04, 2014, 05:28:31 PM
 #15

Paypal is so hypocritcal. Paypal is owned by Ebay and ebay itself allows people to sell miners, coins, etc but then once the transactions are all processed and stuff, they wanna ban the account and keep all the money to themselves.

Paypal is quite popular for banning a lot of accounts with $1000+.. they ask you to submit all kinds of documents, and still they won't activate the account for another 6 months. They freeze millions of dollars each year to earn interest on the money.
2bfree
Sr. Member
****
Offline Offline

Activity: 518
Merit: 251


Social media management


View Profile WWW
February 04, 2014, 05:32:47 PM
 #16

Enjoy freedom by paypal can you imagine if they got to run the world the way they wanted it we would all be little robots

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
>>I MANAGE SOCIAL MEDIA, PPC, SALES FUNNELS & MORE FOR CRYPTO.<<
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
Morbid
Legendary
*
Offline Offline

Activity: 1168
Merit: 1008



View Profile
February 04, 2014, 05:37:18 PM
 #17

Never use PayPal for anything involving bitcoin. It is just that simple. PayPal stands to be the biggest looser if bitcoin catches on. Why would they want to help us?
that is not true. they can implement your coin address to your paypal account just like u add debit/credit card. actually ill go as far to say that they are the ones who are able to gain most if they incorporate btc correctly. they have huge user base and they still need to pay the banksters % off every transaction.

"between 'lives' we all have a great laugh about the parts we have performed in the 'play', and look forward to and have great fun preparing the next chapters to act out."
newguy05
Hero Member
*****
Offline Offline

Activity: 1316
Merit: 503


Someone is sitting in the shade today...


View Profile WWW
February 04, 2014, 05:38:59 PM
 #18

Enjoy freedom by paypal can you imagine if they got to run the world the way they wanted it we would all be little robots

Unfortunately they do run the world..or rather north america ecommerce. We are just little ants to them.

         ▄██████
       ▄████████
     ▄██████████
   ▄█▀     █████
 ▄███      █████
█████      ███████████████████████████
█████      ███████████████████████████
█████      ███████████████████████████
█████                           ████▀
█████                           ██▀
█████                          ▄▀   
██████████████████████████████▀
████████████████████████████▀
L I N K
by BLOCKMASON





..CREATE WEB APIS........
..FROM ANY SMART........
..CONTRACT.........................






█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█  ██████    ▄▄▄▄▄▄▄▄ █
█  ██████    ▄▄▄▄▄▄▄▄ █
█  ██████    ▄▄▄▄▄▄▄▄ █
█            ▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█                     █
█ ▄▄▄▄▄▄              █
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█

READ THE
WHITEPAPER

>>>






▄          █▄                         ▄
██▄        ███▄                     ▄██
████▄      █████▄                 ▄████
██████▄    ███████▄             ▄██████
████████▄   ▀███████▄         ▄███████▀
██████████▄   ▀███████▄     ▄███████▀
████████████▄   ▀███████▄ ▄███████▀  
██████████████▄   ▀█████████████▀   ▄██
████████████████▄   ▀█████████▀   ▄████
██████████████████▄   ▀█████▀   ▄██████
████████████████████▄   ▀█▀   ▄████████
BLOCKMASON
BUILDING THE FUTURE









FACEBOOK
REDDIT
TWITTER

LINKEDIN
GITHUB
MEDIUM
sssubito
Newbie
*
Offline Offline

Activity: 35
Merit: 0


View Profile
February 04, 2014, 05:39:09 PM
 #19

PayPal is such a bunch of greedy, selfish retarded freaks...

Point is, whatever PayPal thinks is fine for them, seems to be rediculous for those who bring them the money. Does this understand anyone? Even worse is, you can't argue with them, only clones and drones on the phone, not to speak of automated funny email answering bots.

Sue PayPal? Haha, good luck, make the lawyers happily suck your last drop of blood...

Not to say that I've been through all of this, up today I could dodge some bad nightmares with PayPal, but if you have trouble with them, they suck, really suck. They freeze your account and wait until you beg on knees and swear the hell out of your mind

They dominate the market and they piss on those who bring them the money, fucking lots of money. And still everyone happily uses them (mainly because of nonexistance of a real competitor with adequate market penetration). Strange world and I wish PayPal to go down and burn in flames as they deserve it.
BCB
CTG
VIP
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000


BCJ


View Profile
February 04, 2014, 05:40:31 PM
 #20

Unfortunately illicit actors are using bitcoin to launder money and cash out stolen funds or credit cards.  If you don't know your counter party you could be complicit in this activity.

Regardless of how you FEEL about it, Anti-Money Laundering Laws exist and banks and payment processors like Paypal are under tremendous pressure from their regulators and auditors to mitigate these risks.

I'm not defending or condoning any activity.  

These are just fact of life in our "post 9/11" society.
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!