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Author Topic: WARNING: PAYPAL STARTED MASSIVE ACCOUNT BAN ON ANYTHING BITCOIN RELATED  (Read 66744 times)
madmadmax
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April 15, 2014, 03:04:50 PM
 #181

lol paypal ... who is still using that? ... paypal is expensive, complicated, slow and they treat you like a child. The age of peternalism should be over. Paypal is history and they know it.

Paypal's market cap is $72 billion, compare to a $6 billion market cap for bitcoin.   When bitcoin's market cap can dwarf that, then you can say that.






Except that Paypal is used for actual purchases and not speculation, when Bitcoin surpasses Paypal in legit number of transactions per second then you could say that.








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bryant.coleman
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April 15, 2014, 03:08:44 PM
 #182

Bitcoin is easier than paypal. Paypal is not going to last, they will have to change bussiness model  Smiley

Both Bitcoins and PP have their own advantages and disadvantages. Paypal is affected by high service charge and currency conversion charges, as well as frequent account freezes. But it is considered relatively safe and secure.

On the other hand, Bitcoin is cheaper and easier to use. But you have to worry about some one stealing your coins all the time.
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April 15, 2014, 04:22:38 PM
 #183

Bitcoin is easier than paypal. Paypal is not going to last, they will have to change bussiness model  Smiley

Both Bitcoins and PP have their own advantages and disadvantages. Paypal is affected by high service charge and currency conversion charges, as well as frequent account freezes. But it is considered relatively safe and secure.

On the other hand, Bitcoin is cheaper and easier to use. But you have to worry about some one stealing your coins all the time.
Paypal is not gonna last? Sources, links, facts, arguments to back it up? That's just an empty statement. Lots of people use Paypal, and as long as they do, it's gonna last.

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sosulon
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April 15, 2014, 04:36:18 PM
 #184

Is it even ok for them to ban it ?

Paypal taxes every transaction tho
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April 16, 2014, 08:37:43 PM
 #185

Is it even ok for them to ban it ?

Paypal taxes every transaction tho
Seems like their Terms of Service is on their side about the matter.

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moriartybitcoin
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April 16, 2014, 08:45:01 PM
 #186

Paypal is an absolute fucking joke and a ponzi scheme. 

The faster they go down, the better. We need more people to use Bitcoin for online transactions and more merchants to accept Bitcoin.

Fiverr.com is already accepting Bitcoin and it works EXTREMELY well on their site.  I pay for all my fiverr transactions with Bitcoin and all my hosting as well.

The solution to destroying Paypal is simply not to use it. 

apsvinet
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April 16, 2014, 08:49:49 PM
 #187

Paypal is an absolute fucking joke and a ponzi scheme. 

The faster they go down, the better. We need more people to use Bitcoin for online transactions and more merchants to accept Bitcoin.

Fiverr.com is already accepting Bitcoin and it works EXTREMELY well on their site.  I pay for all my fiverr transactions with Bitcoin and all my hosting as well.

The solution to destroying Paypal is simply not to use it. 
....
Elaborate on why they're a Ponzi scheme? I get that you don't like Paypal for obvious reasons but you can't just call them whatever you like.

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omahapoker
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April 16, 2014, 09:34:07 PM
 #188

glad i dont need paypal. been sick of their tackets for years
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April 16, 2014, 09:47:42 PM
 #189

Paypal is an absolute fucking joke and a ponzi scheme. 

The faster they go down, the better. We need more people to use Bitcoin for online transactions and more merchants to accept Bitcoin.

Fiverr.com is already accepting Bitcoin and it works EXTREMELY well on their site.  I pay for all my fiverr transactions with Bitcoin and all my hosting as well.

The solution to destroying Paypal is simply not to use it. 

Heard that too! how Paypal could be a ponzi scheme, really?

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apsvinet
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April 16, 2014, 11:31:24 PM
 #190

Paypal is an absolute fucking joke and a ponzi scheme. 

The faster they go down, the better. We need more people to use Bitcoin for online transactions and more merchants to accept Bitcoin.

Fiverr.com is already accepting Bitcoin and it works EXTREMELY well on their site.  I pay for all my fiverr transactions with Bitcoin and all my hosting as well.

The solution to destroying Paypal is simply not to use it. 

Heard that too! how Paypal could be a ponzi scheme, really?
I don't think he knows what a Ponzi is. Literally no way you could interpret their service as a ponzi.

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April 17, 2014, 04:36:42 AM
 #191

I took PayPal to court and beat their ass just 2 weeks ago.

I sold a mining rig on EBay for $1,200.
Buyer claimed it didn't work.
I included screenshots of bfgminer working just fine, thank you very much.
I tried an extensive amount of tech support with him, he finally told me to go to hell and couldn't figure it out.
Guy files a claim with PayPal claiming "not as described" 2 months later.
They took purchase price out of my account.
Guy ships it back to me.
It works great.
I sold it on EBay again for $300.
New buyer is happy.  Works fine.

I took PayPal to small claims court in San Jose, CA (down the street from their office).
Judge ordered them to pay me the difference of $900.
Yesterday they paid.
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April 17, 2014, 05:15:13 AM
 #192

I took PayPal to court and beat their ass just 2 weeks ago.

I sold a mining rig on EBay for $1,200.
Buyer claimed it didn't work.
I included screenshots of bfgminer working just fine, thank you very much.
I tried an extensive amount of tech support with him, he finally told me to go to hell and couldn't figure it out.
Guy files a claim with PayPal claiming "not as described" 2 months later.
They took purchase price out of my account.
Guy ships it back to me.
It works great.
I sold it on EBay again for $300.
New buyer is happy.  Works fine.

I took PayPal to small claims court in San Jose, CA (down the street from their office).
Judge ordered them to pay me the difference of $900.
Yesterday they paid.


glad you won  fact of the matter is they could have asked the judge to rule on the mediation/arbitration clause in the TOS just to screw you around for more months   

clearly you were not asking for much and lost a lot, paypal needs to be hit with a REAL suit with all of the bells and whistles attaches like punitive damages and temporary injunctions

they simply do too many arbitrary and capricious things systemically, then have little devil employees that love to screw customers over, over and above the system mandated screwing of customers (mainly sellers). 



 




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April 17, 2014, 07:47:27 AM
 #193

I took PayPal to court and beat their ass just 2 weeks ago.

I sold a mining rig on EBay for $1,200.
Buyer claimed it didn't work.
I included screenshots of bfgminer working just fine, thank you very much.
I tried an extensive amount of tech support with him, he finally told me to go to hell and couldn't figure it out.
Guy files a claim with PayPal claiming "not as described" 2 months later.
They took purchase price out of my account.
Guy ships it back to me.
It works great.
I sold it on EBay again for $300.
New buyer is happy.  Works fine.

I took PayPal to small claims court in San Jose, CA (down the street from their office).
Judge ordered them to pay me the difference of $900.
Yesterday they paid.

Yes, but how much did it cost you, fees etc?

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April 17, 2014, 08:07:39 AM
 #194

i personally don't really trust them, you never know when your account will get suspended and they'll find reason for what. You must read their T.O.S. carefully before using them. Some people are fine with using them. So it's like a luck thing? phew..
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April 17, 2014, 12:55:14 PM
 #195

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.

Small claim court in Canada is VERY accessible. (max amount of around 10k depending on which province)

Very easy to sue them there.
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April 17, 2014, 01:05:45 PM
 #196

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.

Small claim court in Canada is VERY accessible. (max amount of around 10k depending on which province)

Very easy to sue them there.
What would be the context of the suit then?

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cozk
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April 17, 2014, 02:16:23 PM
 #197

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.

Small claim court in Canada is VERY accessible. (max amount of around 10k depending on which province)

Very easy to sue them there.
What would be the context of the suit then?

Depends on the case...

If they froze your money, well you can ask to be paid. If they stole your money via bs chargebacks and bs fees you can ask for that etc.
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April 17, 2014, 03:08:31 PM
 #198

Yes, but how much did it cost you, fees etc?

Filing fee  -$30
Service fee - $15
Judge added them on top - Priceless
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April 17, 2014, 11:12:19 PM
 #199

Yes, but how much did it cost you, fees etc?

Filing fee  -$30
Service fee - $15
Judge added them on top - Priceless

Worth it for sure then.

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apsvinet
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April 17, 2014, 11:14:38 PM
 #200

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.

Small claim court in Canada is VERY accessible. (max amount of around 10k depending on which province)

Very easy to sue them there.
What would be the context of the suit then?

Depends on the case...

If they froze your money, well you can ask to be paid. If they stole your money via bs chargebacks and bs fees you can ask for that etc.
So it's just a personal case of money loss?

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