Earlier quoted context omitted.
Or could it be because of their product? https://flipperzero.one I’d not be shocked if their product danced somewhere on the line of legality. In a similar way that as it’s illegal to own lock pick set in some states, which can be also considered a personal pentesting hardware.
Unlikely. The tweet thread says they asked for compliance information related to the business (address etc), which to me indicates it was sanctions-related. I don't understand how they left $1.3m sitting in a single account however. Surely they're not paying for bulk h/w component orders through PP.
During this time, you can still receive funds, and you're promised quick resolution. You provide the documentation. They drag their feet. They request more information. They drag their feet. All the while, your account has accumulated more funds that you can't access.
Then, they'll request something impossible, ie: give us proof of delivery (not shipment) of these 500 orders. Inevitably, there'll be one order that was returned / was delivered without signature / etc.
You'll try to reship the customer, but you've got a 3 day deadline. You miss the deadline, and the account gets perma-frozen for 180 days, but you still believe you'll get your funds back.
180 days later, you'll be notified that your funds aren't eligible for return, because you cost them the equivalent of what was in your account due to the time invested by their legal and risk teams - because buried in their T&C they evoke Common Law allowing for punitive damages for T&C transgressions.
It's calculated extortion to seize as much money as possible.