Watch out for Paypal!
Aug 18, 2008 | 9:29 am
#1
Original Poster
Join Date: Jan 2008
Posts: 263
Watch out for Paypal!
I opened a paypal account for a relative so I can send money to them
instead of writing a check. This is simply from personal to personal account so no credit cards/fees involved.
Now since I visit this relative every few weeks , I often use their computer to login to my paypal account. So now paypal thinks our accounts are linked and thinks we are engaged in some kind of money laundering. So they placed my relative's account in "Limited access" and said:
"We understand risk is inherent in doing business. However, as of
right now, we're not comfortable with the amount of risk your business is exposed to.
With that in mind, we have decided to end our business relationship
while minimizing disruption to your business."
Money in your PayPal account will be held for 180 days. After 180
days, we'll email you with information on how to receive your funds.
So can they legally freeze my money like this? This sounds rather
harsh and something I would not even expect to happen in a 3'rd world
country? I know somewhere in their T&C they say they can do it. But common sense always takes precedence over whatever legaleese a company throws in their multi-page contract.
Thankfully I dont need the $850 in the account, but can you imagine if someone was living paycheck to paycheck how angry they would feel? I guess this just goes to show how 'backward' the Internet really is. It still resembles the wild west more than anything else.
instead of writing a check. This is simply from personal to personal account so no credit cards/fees involved.
Now since I visit this relative every few weeks , I often use their computer to login to my paypal account. So now paypal thinks our accounts are linked and thinks we are engaged in some kind of money laundering. So they placed my relative's account in "Limited access" and said:
"We understand risk is inherent in doing business. However, as of
right now, we're not comfortable with the amount of risk your business is exposed to.
With that in mind, we have decided to end our business relationship
while minimizing disruption to your business."
Money in your PayPal account will be held for 180 days. After 180
days, we'll email you with information on how to receive your funds.
So can they legally freeze my money like this? This sounds rather
harsh and something I would not even expect to happen in a 3'rd world
country? I know somewhere in their T&C they say they can do it. But common sense always takes precedence over whatever legaleese a company throws in their multi-page contract.
Thankfully I dont need the $850 in the account, but can you imagine if someone was living paycheck to paycheck how angry they would feel? I guess this just goes to show how 'backward' the Internet really is. It still resembles the wild west more than anything else.
Aug 18, 2008 | 4:37 pm
#2
Suspended
Join Date: Nov 1999
Posts: 24,150
I opened a paypal account for a relative so I can send money to them
instead of writing a check. This is simply from personal to personal account so no credit cards/fees involved.
Now since I visit this relative every few weeks , I often use their computer to login to my paypal account. So now paypal thinks our accounts are linked and thinks we are engaged in some kind of money laundering. So they placed my relative's account in "Limited access" and said:
"We understand risk is inherent in doing business. However, as of
right now, we're not comfortable with the amount of risk your business is exposed to.
With that in mind, we have decided to end our business relationship
while minimizing disruption to your business."
Money in your PayPal account will be held for 180 days. After 180
days, we'll email you with information on how to receive your funds.
So can they legally freeze my money like this? This sounds rather
harsh and something I would not even expect to happen in a 3'rd world
country? I know somewhere in their T&C they say they can do it. But common sense always takes precedence over whatever legaleese a company throws in their multi-page contract.
Thankfully I dont need the $850 in the account, but can you imagine if someone was living paycheck to paycheck how angry they would feel? I guess this just goes to show how 'backward' the Internet really is. It still resembles the wild west more than anything else.
instead of writing a check. This is simply from personal to personal account so no credit cards/fees involved.
Now since I visit this relative every few weeks , I often use their computer to login to my paypal account. So now paypal thinks our accounts are linked and thinks we are engaged in some kind of money laundering. So they placed my relative's account in "Limited access" and said:
"We understand risk is inherent in doing business. However, as of
right now, we're not comfortable with the amount of risk your business is exposed to.
With that in mind, we have decided to end our business relationship
while minimizing disruption to your business."
Money in your PayPal account will be held for 180 days. After 180
days, we'll email you with information on how to receive your funds.
So can they legally freeze my money like this? This sounds rather
harsh and something I would not even expect to happen in a 3'rd world
country? I know somewhere in their T&C they say they can do it. But common sense always takes precedence over whatever legaleese a company throws in their multi-page contract.
Thankfully I dont need the $850 in the account, but can you imagine if someone was living paycheck to paycheck how angry they would feel? I guess this just goes to show how 'backward' the Internet really is. It still resembles the wild west more than anything else.
I use my PP to fund a couple of checking accts as the transfer in counts as a DD (direct deposit).
Aug 18, 2008 | 4:48 pm
#3
FlyerTalk Evangelist
Join Date: Jul 2003
Posts: 11,377
The number of Paypal horror stories--including multiple sites dedicated to them--is enough to make anyone pause.
http://www.aboutpaypal.org
http://knaddison.com/opinions/why-i-...y-paypal-sucks
http://paypalsucks.org/
http://www.paypalsucks.com/
http://www.aboutpaypal.org
http://knaddison.com/opinions/why-i-...y-paypal-sucks
http://paypalsucks.org/
http://www.paypalsucks.com/
Aug 18, 2008 | 4:55 pm
#4
Join Date: Aug 2006
Location: CLT
Posts: 7,249
If you provide your SSN or Credit Card number you can transfer more than $500/month.
Aug 18, 2008 | 5:04 pm
#5
Join Date: Aug 2006
Location: CLT
Posts: 7,249
The number of Paypal horror stories--including multiple sites dedicated to them--is enough to make anyone pause.
http://www.aboutpaypal.org
http://knaddison.com/opinions/why-i-...y-paypal-sucks
http://paypalsucks.org/
http://www.paypalsucks.com/
http://www.aboutpaypal.org
http://knaddison.com/opinions/why-i-...y-paypal-sucks
http://paypalsucks.org/
http://www.paypalsucks.com/
Aug 18, 2008 | 7:20 pm
#6
Join Date: Sep 2004
Location: Leesburg, VA AA EXP, 2MM lifetime
Programs: SPG PLT, Hyatt Diamond, 10% progress towards lifetime Hyatt Diamond
Posts: 2,347
Closing Thread
Moderator Hat On
As we already have one ongoing thread, and this really isn't tied to a specific credit card program, I'm closing this thread.
Moderator Hat Off
As we already have one ongoing thread, and this really isn't tied to a specific credit card program, I'm closing this thread.
Moderator Hat Off