ya i had to get a lawyer before and fight them..
let me put this short and sweet..
Paypal forbids explicitly word for word YOU are forbidden from using any kind of digital currency with Paypal.
if they smell Bitcoin they can and will seize your funds and lock your account.
when it happened to me way back i googled it and found a part of the email they sent me
here at bitcointalk given to another guy 6 months earlier.. i was not the only one !
i don't know how the hell this info is not stickied all over the net..
i sent funds via BTC-E cash out.. and it turned into a stressful nightmare.
Here is what they emailed me below.. one of many lol
it was a looooooong battle and in the end when they restored my account but they outright stole almost $700 from me too after that..
then i had to harass them for about a month and a half still to get the, to
admit they took the money and they did and i eventually got it back.
protip: if you are caught in this problem use the Twitter Help support account of theirs for "direct messages"
In the end i had to admit with a signed affidavit i broke their TOS or i would never see a penny..
and i advise people do it or they won't give you your money back !
i had uploaded everything you can imagine over 60+ files on multiple resolution cases to PP.
and they kept changing what "the problem" was once one was resolved.. don't get caught up in this crap trust me it's ultra stress from hell !
----------------------------------------------------------------------
We need your help
----------------------------------------------------------------------
Dear <removed>,
We have reviewed your PayPal account and found that you have been involved
in the sale of electronic media exchange (such as electronic money or
digital currency). Per our current Acceptable Use Policy for Money Service
Businesses, PayPal may not be used for currency exchange including the sale
of Bitcoins.
To continue using your PayPal account, we need some additional information
from you. Please provide us with a signed and notarized affidavit stating
that you understand and will comply with PayPal's terms and conditions.
The affidavit should include the following language. You can simply copy
and paste the text below to a blank document and then print it for
signature and notarization:
I, the undersigned, do affirm that I understand and will comply with
PayPal's policy regarding the use of PayPal accounts to sell electronic
currency. I understand that PayPal may not be used for the exchange of
electronic currency. I further affirm that any future violation of the
policy may result in immediate restricted access to the account.
Next Steps:
After you sign and notarize the affidavit, please log in to your account
and go to the Resolution Center for further instructions on how to send us
the document. If we don't hear from you by 01/15/2014, we will limit what
you can do with your account until the issue is resolved.
We look forward to hearing from you and thank you for choosing PayPal as
your payment provider.
Sincerely,
Jennifer
PayPal Compliance Department
PayPal, an eBay Company
Please do not reply to this email address as it is not monitored and we
will not receive your response. You can get in touch with us by clicking
"Contact Us" at the bottom of any PayPal page.
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