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I wish lawmakers would urge (or force?) PayPal to actually give you a detailed reason when they freeze your account and effectively confiscate your money. I still have hundreds of dollars tied up in the limbo of "your account is frozen but we won't tell you why."
The last straw for me was when they blocked a transaction of a few hundred dollars without any explaination. I was talking to a support rep for well over an hour, repeatedly being told that there is no security team at PayPal that can see why a transaction was blocked override the block. I was told the security system was a black box, they wouldn't transferred me to a supervisor, and the end result was a recommendation to try a different payment system like bank transfer.
This happened to be on the day we were selling our house. The buyer came in with a cash offer and a 7-day close. The inspection results came back after the paperwork was already drawn up, when they asked for a few hundred for electrical repairs it should have been easier to do that as an addendum rather that completely redoing the closing settlement sheet. I guess PayPal had better ideas.
Earlier quoted context omitted.
What should ordinary people in the territories do?
I mean per the article, Palastine has banks with corresponding US banks to handle transfers. So, ordinary people of those territories can use their banks.
I'm curious why PayPal bans Palestinians. It's not like they want to limit their addressable market. Seems likely related to OFAC, which is tough to google casually https://ofac.treasury.gov/sanctions-programs-and-country-inf... Nothing specific to Palestine on the country programs, but OFAC explains further that our sanctions are much more complicated than country-by-country here: https://ofac.treasury.gov/sanctions…
The only thing this will result in is even more funding for Hamas, and possibly even money laundering for Iran.
You do not believe that there are any Palestinians who might have legitimate uses for PayPal?
>lawmakers urge Shouldn't lawmakers, um, make laws? Instead of asking nicely?
I'm curious why PayPal bans Palestinians. It's not like they want to limit their addressable market. Seems likely related to OFAC, which is tough to google casually https://ofac.treasury.gov/sanctions-programs-and-country-inf... Nothing specific to Palestine on the country programs, but OFAC explains further that our sanctions are much more complicated than country-by-country here: https://ofac.treasury.gov/sanctions…
In short, they don't want to appear to be funding terror.
Please note, that isn't my personal opinion on the Palestinians.
I wish lawmakers would urge (or force?) PayPal to actually give you a detailed reason when they freeze your account and effectively confiscate your money. I still have hundreds of dollars tied up in the limbo of "your account is frozen but we won't tell you why."
Edit: wow, downvotes for just plainly stating what actually happens? Thanks HN /s
I'm curious why PayPal bans Palestinians. It's not like they want to limit their addressable market. Seems likely related to OFAC, which is tough to google casually https://ofac.treasury.gov/sanctions-programs-and-country-inf... Nothing specific to Palestine on the country programs, but OFAC explains further that our sanctions are much more complicated than country-by-country here: https://ofac.treasury.gov/sanctions…
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I assume Israel dosent provide any survivor benefits for it's soldiers?
I've had absolutely terrible experiences with Palpal. Lawmakers should be urging everyone to use a better service, forget worrying about PayPal's ban. The last straw for me was when they blocked a transaction of a few hundred dollars without any explaination. I was talking to a support rep for well over an hour, repeatedly being told that there is no security team at PayPal that can see why a transaction was blocked…
I'd rather have the government enforce something like user-friendly free globally available instant payment and settlement system. Then none of these shady services would be required.
Fox example, a version of SWIFT, but instant, free and distributed.