PayPal blocked Flipper Zero account with $1.3M
71–80 of 115 posts
Re: PayPal blocked Flipper Zero account with $1.3M
#72Anti money laundering laws forbid banks and facilitators from disclosing the true reason for freezing the account. If PayPal told them they'd literally be breaking federal law. So a money laundering flag seems most plausible given the silence.
Re: PayPal blocked Flipper Zero account with $1.3M
#73I'm not justifying this on any level but I'm also starting to lose sympathy for businesses who get screwed by Paypal. Screwing people by freezing accounts is Paypal's MO. It's their signature move. It's their default behavior. This isn't even remotely secret. If, after knowing that, you choose to keep your money with that business, that's to some degree on you.
Re: PayPal blocked Flipper Zero account with $1.3M
#74Wasn't it because they basically told backers that "they didn't purchased anything", and instead of focusing on fulfilling kickstarter backers orders, started selling them in shops, so you could actually get the device faster purchasing it normal way in e-store, instead of backing the campaign, which pissed off a lot of people who started complaining and got muted? I've heard that even talking about that on their dis…
Re: PayPal blocked Flipper Zero account with $1.3M
#75Every time someone says that cryptocurrency has no legitimate use case, incidents like this come immediately to mind.
Re: PayPal blocked Flipper Zero account with $1.3M
#76Re: PayPal blocked Flipper Zero account with $1.3M
#77PayPal performed a "freeze and seize" on our account ~12 months ago, netting just over 50k EUR. They then went on a war of attrition, enumerating across distinct companies, shareholders seizing funds across all accounts (including accounts of unrelated companies and personal accounts in Hong Kong and Australia) No information was given. After the 180 days "freeze" period, they announced that the funds would not be re…
Re: PayPal blocked Flipper Zero account with $1.3M
#78Earlier quoted context omitted.
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
#79Re: PayPal blocked Flipper Zero account with $1.3M
#80What's going on with big companies? Did they just decide to give up with their reputation?