I see some alarming stories lately online, from people claiming Paypal is withholding their account balance for various reasons. I'm not talking about the "pending" state that Paypal enforces. Now, for some of the cases I read, the users were violating the Terms of Service by misrepresenting themselves as adults when they were minors, providing a false identity etc.
In one conversation on reddit a person claimed that Paypal will "use any excuse they find to keep your money", but I'm not sure how biased that view is. I guess that makes sense in a way, since it's a profit-geared service not unlike a bank, and some banks do this all the time.
Other things that can trigger a freezing or putting a cap on how larga amounts you can process per transaction, like making sudden purchases or transfers with large sums of money. In some cases people who launch their enteprises may be faced with this problem.
Series of chargebacks, bad reviews by other transacting parties, strange IP logins, suspicion of earnings from providing illicit content, products or services, or a bad credit score can be other reasons that attract Paypal's attention to your account.
There are instances of people receiving a 6 month balance-lockdown on balances worth thousands of dollars. While they rarely do this for periods of time >6 months, that small timeframe can be detrimental to people who pay bills through Paypal, or have their entire earnings and savings handled by Paypal.
Have you ever had these kinds of problems with Paypal?
I've never had problems with them, personally.
In one conversation on reddit a person claimed that Paypal will "use any excuse they find to keep your money", but I'm not sure how biased that view is. I guess that makes sense in a way, since it's a profit-geared service not unlike a bank, and some banks do this all the time.
Other things that can trigger a freezing or putting a cap on how larga amounts you can process per transaction, like making sudden purchases or transfers with large sums of money. In some cases people who launch their enteprises may be faced with this problem.
Series of chargebacks, bad reviews by other transacting parties, strange IP logins, suspicion of earnings from providing illicit content, products or services, or a bad credit score can be other reasons that attract Paypal's attention to your account.
There are instances of people receiving a 6 month balance-lockdown on balances worth thousands of dollars. While they rarely do this for periods of time >6 months, that small timeframe can be detrimental to people who pay bills through Paypal, or have their entire earnings and savings handled by Paypal.
Have you ever had these kinds of problems with Paypal?
I've never had problems with them, personally.
