This is a Russian company with an office in Moscow. Blocked and done right.
Do Russian citizens not deserve to make an honest living?
PayPal blocked Flipper Zero account with $1.3M
51–60 of 115 posts
Re: PayPal blocked Flipper Zero account with $1.3M
#52Earlier quoted context omitted.
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.
It's not as cut-and-dry as it seems. Noone leaves 1.3M in an account. When your account starts generating income, they place a 'light hold' on the account - requesting 'reasonable' information. 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 acc…
> When your account starts generating income, they place a 'light hold' on the account - requesting 'reasonable' information.
So is the strategy to make nightly transfers out of PayPal to a real bank of whatever you took in that day?
Re: PayPal blocked Flipper Zero account with $1.3M
#53Earlier quoted context omitted.
So what's your point then? Everything made by a Russian is bad or what? :)
It's a US sanction. Yes, it would be bad for the employee who makes the decision that this account isn't within the sanction's scope. If US government disagrees, the employee will likely go to jail. It's expected for companies to overdo the sanction considering that under-doing could get employees a long jail time. Plus, Paypal employees get paid the same whether or not Flipper Zero is within the sanction's scope.
US sanction against what? Against USA company?
Do you know how sanctions work?
What kind of sanction is being violated in your opinion?
Re: PayPal blocked Flipper Zero account with $1.3M
#54This is a Russian company with an office in Moscow. Blocked and done right.
Do Russian citizens not deserve to make an honest living?
The money from the sale will eventually go to Russia. This post means nothing. They publicly call the war in Ukraine a "special military operation" - like Russian propagandists. And they continue their activities in Russia, answering questions very rudely
https://dou.ua/forums/topic/39415/
Re: PayPal blocked Flipper Zero account with $1.3M
#55[flagged]
Re: PayPal blocked Flipper Zero account with $1.3M
#56What's the safest way to transfer money relatively anonymously nowadays? by relatively I mean that I don't care if gov/police knows, but the person who sends/receives money doesn't know me, I just don't want people from games to know me I've used paypal account with random name like Snarky Snark and managed to transfer like 300usd, but I'm worried that the next time they may block me somehow
Zelle / venmo are better in cases where you are withing their account limits AFAIK. I'm not aware of either of them having the history of seizing user funds that Paypal has.
Venmo is owned by PayPal and will freeze your account just like PayPal.
Re: PayPal blocked Flipper Zero account with $1.3M
#57[deleted]
Re: PayPal blocked Flipper Zero account with $1.3M
#58What's the safest way to transfer money relatively anonymously nowadays? by relatively I mean that I don't care if gov/police knows, but the person who sends/receives money doesn't know me, I just don't want people from games to know me I've used paypal account with random name like Snarky Snark and managed to transfer like 300usd, but I'm worried that the next time they may block me somehow
Somewhat regrettably given the connotations also associated, cryptocurrency. In countries where there are legal, regulated exchanges, this pretty much meets the requirements there.
Why regrettably? Also, crypto doesn't mandate anonymity if you go by the original Satoshi whitepaper. You'll have to specifically recommend an anonymous ecosystem like Monero. And at that point, it's like regrettably mentioning American dollars because the Ruble has bad connotations.
Re: PayPal blocked Flipper Zero account with $1.3M
#59Earlier quoted context omitted.
It's not as cut-and-dry as it seems. Noone leaves 1.3M in an account. When your account starts generating income, they place a 'light hold' on the account - requesting 'reasonable' information. 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 acc…
> When your account starts generating income, they place a 'light hold' on the account - requesting 'reasonable' information. So is the strategy to make nightly transfers out of PayPal to a real bank of whatever you took in that day?
Can't transfer out if the account is under hold.
Re: PayPal blocked Flipper Zero account with $1.3M
#60Every time someone says that cryptocurrency has no legitimate use case, incidents like this come immediately to mind.