Well, I have written before in this thread, but it was quite some time ago...
Now I'm over and done with them; Never PayPal again, even if it was at all possible, which it isn't.
They froze my account for a "routine credit check", when I had more money in it then I've ever had - about $ 30,000 USD in various currencies. (For the sole reason I had a major EUR payment I wanted to use PayPal funds for, since I would lose money withdrawing the funds, exchanging currencies, and then back again when making the payment.)
When I told them I needed that money, they closed the account permanently - because if I needed it, I wasn't credit worthy!
By that time there was over $40K in the account, since payments had continued to come in during the time they "investigated"...
The result; $40K frozen, which they eventually released months later, and $15K less in revenue per month, from lost customers who can't (or won't) use any other means of payment.
But I may never again open an account with them... Apparently, since having $40K frozen by them caused me inconveniences (but not enough to not fulfill my services to my customers, and I was able to pay all bills on time), then I'm not worthy of having an account with them... (Not that I ever would want to again.)
But I wonder how many small companies can have $40K frozen from months and not get cash flow issues?
But they love playing Gods...






Reply With Quote

Bookmarks