Who closed their paypal account? (1.Viewing)

MapleDots

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https://twitter.com/x/status/1579562635564969984


https://twitter.com/x/status/1579060623316746242




With Pal stating they will fine you $2,500 and remove it from your account if you say something they don't like it shockingly looked like the time Trudeau closed the Truckers accounts.

I know paypal back pedaled on this but can we allow financial institutions to regulate our speech?


Thousands and thousands of people have closed their paypal accounts and mysteriously all the trending topics have disappeared on twitter.


We have a paypal account on twitter and it is shocking how much they keep for transactions and then also how long they keep the funds before you can touch them. The funds from one sponsor were held for 8 weeks before they got released. This company is a crime and I am also considering closing the account plus my MapleDots one.


Did anyone close theirs?


Post more info about this topic if you have it
 
MapleDots said:
Did anyone close theirs?
Click to expand...
I did not close mine as smaller transactions in Dan, Sedo and Afternic only have PayPal as the payout option. And some people prefer to use it, because it’s well-known, to send me money despite the expensive forex fees. Lastly, certain charities only accept cheque or PayPal for donations.

But then again, I don’t have Twitter so I can’t comment much on their business practices.
 
Can't say I'm impressed with this crazy flippy floppy idea of theirs, or how they seem to arbitrarily ban some companies/people... but it seems like most of it gets sorted out (except for Epik). I personally haven't had any issues so I'm not seriously considering closing my account yet, but i'm cognizant of what to be careful for.

Namebio wrote an interesting blog about their experience after having their ban lifted, and their best advice (imo) is to not leave your money sitting there too long:

Anyway, at least we all learned something from this. To not leave any money in your PayPal account no matter how convenient it is, because when they come for you they’ll lock up your funds for an unconscionable six months. To be extremely careful what you put in your transaction descriptions, because what you say can be used against you in a kangaroo court. And to just not trust PayPal in general, because they don’t care about you and they don’t value your business, no matter how much you’ve done with them or for how long.
Click to expand...
You Did It! PayPal Lifted the Bans!
 
I have a question...

One problem I've heard about paypal is that a client could request a charge back after they've received the domain you sold them.. but I think that's only when your selling domains directly/manually to the buyer and paypal is where the financial transaction begins.

My question is: if I choose to get paid out via paypal after selling a domain at Dan.com (for example), could the buyer still (fraudulently) request a charge back from paypal since that's how Dan paid me? I'm thinking the answer is "no", as the client likely sent the money to Dan using another merchant service... but that it would be possible if they did indeed send the money to Dan using paypal from the start?
 
Paypal will always side with the consumer, even after something is delivered. They will freeze your account and it takes months to go through the process. It is important to always write what you sold on your invoice, details are everything if you don't want to lose your money.
 
Esdiel said:
I have a question...

One problem I've heard about paypal is that a client could request a charge back after they've received the domain you sold them.. but I think that's only when your selling domains directly/manually to the buyer and paypal is where the financial transaction begins.

My question is: if I choose to get paid out via paypal after selling a domain at Dan.com (for example), could the buyer still (fraudulently) request a charge back from paypal since that's how Dan paid me? I'm thinking the answer is "no", as the client likely sent the money to Dan using another merchant service... but that it would be possible if they did indeed send the money to Dan using paypal from the start?
Click to expand...

Probably against TOS but if it is a small amount one can request "send money as a gift" and I think in those cases there is no possible chargeback but selling to someone without an established reputation or unknown is a business risk.

I think Dan has that under control and does their own legal dilligance but Dan could in theory have a problem which they could try to pass on. All in the TOS again, I'm sure.
 

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