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We got banned from PayPal after 12 years of business

blog.niteo.co

211–220 of 536 posts

Re: We got banned from PayPal after 12 years of business

#211

Others have said it, but it bears repeating. If you build on someone else's platform for free, or cheaply, you are the product not the customer. At best, you are both product and a minor customer. Paypal has a history of doing this sort of thing. I've seen articles about it with Google services as well. This is one of the many reasons why I suggest using open standards. You could accept bitcoin or eth for payment, bu…

> someone else's platform for free

Paypal is decidedly not free

Re: We got banned from PayPal after 12 years of business

#212
post #91

Don't know if it is the reason for the ban, but Niteos main product seems to be a service for creating spam networks. https://www.easyblognetworks.com , https://niteo.co/projects

As I mentioned in the previous comments - we're not using PayPal to process our SaaS products.

I've got no simpathy for your business. It is spam plain and simple.

Re: We got banned from PayPal after 12 years of business

#213
post #112

Earlier quoted context omitted.

Bitcoin is a broken cryptocurrency. It's not argument against cryptocurrencies in large, only against Bitcoin specifically. For example Bitcoin Cash has a next block fee of $0.0014. [1] [1]: https://bitcoinfees.cash/

LOL, "broken". However, unlike you I am not trying to advertize any cryptocurrency here. Only wanted to talk about decentralized solutions. And bcash is exactly an example of a NOT decentralized cryptocurrency. Anyway, I don't want to argue with you. Have fun with your s *coin.

For the people wondering what he's going on about:

https://medium.com/@jonaldfyookball/why-some-people-call-bit...

Re: We got banned from PayPal after 12 years of business

#214

The lack of customer service in the Silicon Valley is a pervasive problem. * Cody Don on YouTube teaches the masses about science and regularly gets banned. His videos are rated G to PG. Despite millions of viewers and dollars of Revenue, there is nobody he can call. * Uber charged $1500 to my debut card a few months ago. There's literally nobody you can call about it. * Lose your Instagram/Twitter/Gmail? Too bad, be…

> Uber charged $1500 to my debut card a few months ago. There's literally nobody you can call about it. Your bank. You dispute the charge. Uber can deal with your bank. It doesn't matter it was a debit card. It means you're missing the money immediately, but doesn't stop you from disputing.

I wouldn't even attempt to contact Uber in this situation - a fraudulent charge on a credit or debit card = call card issuer or bank. I don't care what the company is, I call card issuer.

Re: We got banned from PayPal after 12 years of business

#215
post #134

Earlier quoted context omitted.

Frozen, as long as they don't take the money either.

PayPal has no obligation to keep your money in a secure trust, so essentially your balance is just a recorded number. The actual money is being invested. They keep a small pool of money in reserve and in easily liquifiable investments to cover withdrawals of course.

Yes they do. They’re a licensed money transmitter.

Re: We got banned from PayPal after 12 years of business

#216
post #35
post #4

I've been preaching this since forever. Don't rely on PayPal. They're less professional than a kid selling juice next to the road. There are no grace periods with PayPal to give you time to move to another service. There is never more than a generic reason and stonewalling when they terminate you. And yes, their decision is always final. They'll happily terminate your only source of income on a friday afternoon, free…

> And yes, their decision is always final. Perhaps their decision to close your account is always final, but don't lose all hope after having your funds frozen. I had 25-100k frozen (can't remember how much), and picked up the phone and called them and it was unfrozen within 48 hours. Paypal is god-awful though and should be used as little as possible.

Can you call them for me? They still have $10k frozen and been so for the last 16 months

Re: We got banned from PayPal after 12 years of business

#217
post #77
post #60

Earlier quoted context omitted.

Their company is an Eastern European 'SaaS' company whose main product automates blog network deployments so marketers can run campaigns that spam Google's ranking algorithm. SMH. You got banned because you're a spamware company.

Founder here. We're not processing our "spamware" through PayPal, as mentioned in the post: > The most interesting thing is that we’ve moved away from PayPal in the last two years and have only been receiving some minor payments and paying for a few online services. We've stopped using PayPal for our SaaS business a few years ago.

PayPal doesn't know that.

I highly doubt that PornHub would be allowed to run payments for a side-business based on data analytics through Paypal.

If it walks like a duck, and quacks like a duck....

Re: We got banned from PayPal after 12 years of business

#218
post #148
post #134

Earlier quoted context omitted.

Frozen, as long as they don't take the money either.

The already have the money. The notion that it's somehow "in your account" is just PayPal fiction - especially if they deny you access to "your account" indefinitely. (Supposedly they don't operate fractional reserve, which means that Peter Thiel pinky-promises not to touch the principle. But it's still in PayPal commercial investment vehicles, earning away.)

Peter Thiel hasn't been CEO of PayPal for almost 20 years...

Re: We got banned from PayPal after 12 years of business

#220
post #5

It's very hard to evaluate what's actually going on here. This "post" could perfectly fit in a tweet. No details whatsoever, no details about wether they tried to reach to paypal support and if they got any replies. I'm surprised this isn't flagged.

Did we read the same article? Because the on I read said: > After calling their support twice, explaining the situation and asking for a reason, we have received nothing but “the decision is final, and we will not provide more information”.

But the post never explained what the situation was... just that they "explained 'it'" to Paypal..

They also don't explain what they are accepting payments for, other than "receiving some minor payments and paying for a few online services"

I suspect there is far more to this story.

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