Paypal is holding over 600,000 euros from the minecraft developer
1–10 of 182 posts
Re: Paypal is holding over 600,000 euros from the minecraft developer
#2Another Paypal horror story added to the list.
If someone was wondering (as i did), no, he didn't let 600k on his paypal account. That's what he's earned since they limited his account 25th august.
See http://twitter.com/Toucanator/status/24089600756 and http://twitter.com/xnotch/statuses/24089647124 .
EDIT: Minecraft complete steam sales data,amazing: http://m00d.net/minecraft/sales/
Re: Paypal is holding over 600,000 euros from the minecraft developer
#3Why on earth would you keep 600K on your paypal account anyway?
Re: Paypal is holding over 600,000 euros from the minecraft developer
#4The "paypal blocked my money" stories are frequent.
I'm curious to which extent this is legal. I'm pretty sure a bank isn't allowed to block access to your accounts without a formal request from a legal entity.
Paypal doesn't "own" the money. This sounds to me as extremely abusive.
Is that this frequent?
Re: Paypal is holding over 600,000 euros from the minecraft developer
#5At least he's a known internet guy, it's pretty clear where the money is coming from and this post alone will get paypal to sort it immediately.
But why do you have to be a celeb to get decent support from paypal? Freezing over half a million euros and they don't even assign him a dedicated support person? They don't call him? Disgraceful.
Re: Paypal is holding over 600,000 euros from the minecraft developer
#6The "paypal blocked my money" stories are frequent. I'm curious to which extent this is legal. I'm pretty sure a bank isn't allowed to block access to your accounts without a formal request from a legal entity. Paypal doesn't "own" the money. This sounds to me as extremely abusive. Is that this frequent?
That's the rub--Paypal is not a bank. They can do whatever they want with the virtual money that is exchanged on their servers. Which is why a real merchant account is the only serious option for a larger-scale business.
Re: Paypal is holding over 600,000 euros from the minecraft developer
#7I bought Minecraft so I guess part of this money is/was mine.
I never understand why people still use Paypal. There are so many horror stories and so many alternatives. Just don't use them.
Re: Paypal is holding over 600,000 euros from the minecraft developer
#8I'm building a website that I would like to launch soon and were planning on selling digital goods. My initial idea was to just use the PayPal shopping cart, since I already have a PayPal account and it so easy to set up(I definitely don't want to go through the hassle of setting up a merchant account).
But all these horror stories I have read on HN the last few days have scared me a bit. I also seems that its even worse if you're not a US citizen, especially if you live in a "suspicious' country (I'm South African, not really a country with high internet fraud cases, but all African countries are painted in a bad light for some reason). But are there really any good alternatives?
Re: Paypal is holding over 600,000 euros from the minecraft developer
#9Another Paypal horror story added to the list. If someone was wondering (as i did), no, he didn't let 600k on his paypal account. That's what he's earned since they limited his account 25th august. See http://twitter.com/Toucanator/status/24089600756 and http://twitter.com/xnotch/statuses/24089647124 . EDIT: Minecraft complete steam sales data,amazing: http://m00d.net/minecraft/sales/
It seems to me he could switch to Google Checkout or Amazon Payments in the meantime until the situation gets resolved.
Re: Paypal is holding over 600,000 euros from the minecraft developer
#10The "paypal blocked my money" stories are frequent. I'm curious to which extent this is legal. I'm pretty sure a bank isn't allowed to block access to your accounts without a formal request from a legal entity. Paypal doesn't "own" the money. This sounds to me as extremely abusive. Is that this frequent?
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