Well, Paypal as jumped the shark
 

When people have told me horror stories about Paypal in the past, I have usually gone to their defense, based on my 10 year quiet relationship with them.

That ended today. I got a letter purporting to be an analysis of transactions which required audit and review, including production of a significant amount of documentation, for avoidance of doubt.

I told them I already deal with the IRS, which has the unfortunate mandate to enforce tax law in the US, and for whom my accountant is retained, and I don't need another eye watching over my shoulder. Further, the transactions they had an issue with were in no way illegal.

They would not tell me what I had "done" (though, ironically, the IRS would), but they would tell me that any decision they make is "final".

They seem to have come to believe that they are a governmental organization, or the men in black, or the illuminati.

They gave me a period of two months to satisfy their shadowy compliance department, at which point they will limit my account by not allowing me to close it.

I have now decided to remove all my business, insofar as I am able, from them. I don't mind fees, I don't mind audits, I do mind the constant spying but I can live with it. What can't live with is a business imagining that they have the right to fuck with their customer's income.

They won't give a shit in the short term. It's that long term that counts.

Paypal is shady.

That is why i keep minimum funds on paypal.

Can you post the actual message?

Also, are they FREEZING your account?

Was your account primarily for PAYING or for RECEIVING payments?

oh they love to that - especially when you ask them why they want to rob you.

here is my story about paypal.

when i opend my paypal account i did the full approvement because there are running 6 digit numbers every month over paypal.

i have my company in switzerland and an paypal account in euro.

all customers paying to us are paying in euro.

one day i needed a bigger sum on my euro account on my german bank and tried to transfer euros there.
NOPE - not possible - as we are a swiss company we can only transfer to the swiss bank.

ok i have a euro account there too and i tried to make the transfer - NOPE as we are a swiss company we can only transfer the money in swiss francs.

that means that i have to change my euros WITH PAYPAL in swiss franks (on a gangster rate) then send the money to my swiss franks account - change it back it euros and transfer it to my euro account.

after i told them, that this can´t be correct they closed my account.

it had to be approved (what it was already)
we had to send ALL the papers again and after 10 days the account was open again.

3 days later is was closed again - WHY? it had to be approved !
but we did send the papers already twice - unfortunately this time the british office in london wanted to approve it and we had to send the SAME papers again to london.

2 weeks later the account was open again

3 days later closed - guess why ??? it had to be approved but from another department in london - we had so send the SAME papers again to the other deartement

5 days later we got a mail from this department with the question why we sent the papers our account is already approved and they did not know what they shall approve again...
another week the account was open again...

this is the way they show you NEVER COMPLAIN US !!!!

80% of my income comes through PayPal, it's what I use to send invoices and everyone (I mean everyone) knows them and trusts them.

They've been mostly good to me so far.

Yikes , now i can finally see meaning of picture where is support showed as monkeys.

Years ago they sent their VP to Phoenix Forum. This was a long long time ago. We spent a lot of time hanging our join pages to work with their system and... After a month they dropped adult.

Fuck them.

You posted that like 50x times already :upsidedow

I also had problems with those a few years ago. Account has been closed for unexplained reasons. At this time there were about 8.000 euros. It took 6 month to get my money, because of the approvements !!! Since then I never used PayPal for business :321GFY

Good luck man.

I literally used to say this very thing.

:1orglaugh:1orglaugh:1orglaugh

That's the point, when they pull that "you have no choice" bullshit. Everyone makes mistakes. Exxon oil rigs, Enron, everyone. They act like they're a fucking government and can't make mistakes.

If you can't point out their mistakes, then they're already dead.

well, i´ve done nothing wrong except asking why i should lose another 10% of the money by changing it from euros in swiss franks and then back again in euros when the money was ORIGINALLY paid in euros.

imagin how often they make money?

someone who have a dollar account pays me in euro and get a shitty rate from them.
1: they made money on changing his dollars to euros
then i get the money and have to pay a fee
2. they get like 3% from me
then i have to change THIS MONEY what is in EUROS on that account in swiss franks EVEN when my german AND my swiiss account can receive euros
3. another 4-5% gone

up to here they made already like 11-12%

and then i have to change this swiss franks BACK in euros (what it was already before)
what cost me again money on exchange

so to ask WHY it must be like that is legit - but as they can not give you a good reason why they rip you off, they close your APPROVED account (where NEVER have been a chargeback or something) just to make you understand that you should not ask just pay.

respectfully OP you are leaving out crucial facts that make it impossible to ascertain whether paypal is fucking you are not.

so i cant hate on paypal unless you are willing to share a little more.

:)

you where lucky - as for they terms and conditions they can freeze 100% of your money for 12 month and 50% up to 18 month.

when that happend to me i was quite in the start of trafficfabrik and invested a fortune. they froze me 130.000 euros over a periode of nearly 2 month (with always a few days open in between) that is not funny in a start phase.

While I still use paypal, I'm now doing most invoicing via https://www.waveapps.com/

you leave money on the table if you do not use paypal for mainstream...no matter what you think its better to get fucked by them a little then not get the money at all...never argue with their support you never know what stupid monkey you are dealing with...be nice, do not sound angry, be patient they own you bitch :1orglaugh:1orglaugh:1orglaugh

PP is ridiculous. A few months ago they blocked my account for over 40 days. Reason was suspicious activity (logging from other country ip) But yeah I fucking kinda live in two countries. So they asked me to verify my bank account and send id scan. I did all they asked and even added my debit card and confirmed it. But nothing, null, zero, it was pending for 40 days ("we will review soon" or something, is 40 days "soon"?). I tried to reach them but their contact form is/was broken and could not be sure if they got my messages or not. I tried to call them, but I spent over an hour on phone waiting and listening to stupid melodies till it ate all my 20 pounds and call was dropped. FFS, after 40 days someone reviewed my account and unblocked and they sent me an email that was only saying they are unblocking it, no, no apologies... :)

Great fucking service. :) But what can we do, they got the fucking monopoly.

In the investment world, we call that churning, and it is illegal. But fuck them, they do what they want.

Exactly. I bolded my mistake. Nevertheless, I AM going to leave them.

Weird, I do a lot of business in mainstream and have never had anyone complain about not having paypal. Only people who use Paypal anymore are ebay people and apparently the adult industry.

They dont have monopoly, there are other options for accepting credit cards. Also, you could resolve 2 countries problem by using a proxy on your primary country, to which you would connect when you are away. And also, alternative to not using paypal but getting money from paypal users is to use service which cover receiving money with different methods like 2checkout. Ofcourse, it is bigger percentage then but less hassle.

Welcome!
3 Weeks ago, i was banned by paypal.

:1orglaugh:1orglaugh:1orglaugh
LOL - leaving out a lot of details there :1orglaugh:1orglaugh:1orglaugh

It's a true story and it pisses me the fuck off.

These mainstream companies cannot make up their minds if they want to work with adult or not. I see this all the time with YNOT Mail - Every day I get two or three people that say "I was using another mailing company, they told me they were cool with adult, but suddenly canceled my account after six months". Why? Adult is pretty much mainstream at this point.

PayPal, eBay,Amazon, Youtube....all use microwave ovens to spy on you, that is why I never use my PayPal account in the kitchen....its true :1orglaugh her is the proof..

https://queerty-prodweb.s3.amazonaws...1.05.07-PM.png

Now tell us how you been in marines :upsidedow

OMG, Rochard were in the marines??

This is good info, thanks for this! :2 cents: :thumbsup

I know but I can't be gassing it all out on here. Suffice it to say the issue they apparently have is tax related, for fuck's sake, rather than that any transactions I have conducted are not allowed. But who really knows because they won't officially tell me.

The key here is that they don't listen, there is no recourse, and all decisions, which are completely opaque, are "final".

With that going on it is simply a matter of time.

About 8 months ago, my merchant account cut me off because of an error they made. It took me three days and tearing them a lot of new assholes, but they finally admitted their mistake. It had to go up to their highest level agents, of which there are only 12. They refunded me over 650 in fees.

Now if Paypal makes a mistake, as every financial institution I have ever dealt with regularly does, they have no way to allow the customer to participate in the correction of it. I don't care how big or innovative you are or how much market share you have. A bad business model is a bad business model.

If you ever need to accept paypal payments- I'm here to do an exchange .

With his buddy, Tanker.

BTW Rochard, is he doing well in the RE markets again?

paypal really enjoy in doing that

that's why I only use them to pay for vpn and withdraw money for my phone bill :D

Another PayPal success story