We got banned from PayPal after 12 years of business

Re:We got banned from PayPal after 12 years of business by dsauss on Thursday May 09, 2019 @07:59AM (#19867390)

Only after having a law firm, who we knew through an advisor contact, send PayPal’s legal department a letter did they release our PayPal balance funds back to us.

We were banned without explanation after being a customer for 8+ years and had our PayPal balance (not yet transferred to a bank) frozen.

We left a high balance with PayPal because at the time the interest rate they provided was high.

No explanation was given at any point and the whole process took about 3 months to get our own funds back that we needed to operate the business.

[ Parent | on HN ]

Re:We got banned from PayPal after 12 years of business by isostatic on Thursday May 09, 2019 @08:03AM (#19867425)

> We left a high balance with PayPal because at the time the interest rate they provided was high.

Why can they afford to pay such a high interest? Because they can ban you whenever they feel like it.

If an offer's too good to be true etc.

[ Parent | on HN ]

Re:We got banned from PayPal after 12 years of business by Asooka on Thursday May 09, 2019 @08:33AM (#19867670)

That's an interesting take on the ol' Ponzi scheme. Take in money, then ban people for violating terms of service. Pay out only the very few who would be truly a problem.

[ Parent | on HN ]