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$27k Account Limited - Thank You PAYPAL!

Discussion in 'BlackHat Lounge' started by bluematter, Apr 7, 2014.

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  1. bluematter

    bluematter Jr. VIP Jr. VIP Premium Member

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    ---- THREAD CLOSED 07/17/2014 ----
    Hi Guys,

    So about a week ago paypal limited my 4 year old business account, all legit with real details.

    They asked me to send them balance sheets and some other details which I did. So today they called me and said they are closing my account due to "High Risk Activity".

    I just got like 2 to 3 disputes In last 4 years, so now $27k Is stuck for next 6 months.

    Thank you paypal, you made my day:rolleyes:
     
  2. jacobpov

    jacobpov Junior Member Premium Member

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    I can relate so much we can be best friends :)
     
  3. mickyfu

    mickyfu Jr. VIP Jr. VIP Premium Member

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    They do it to everyone at some point, they are scruffs and thieves, I would not trust them with a banana.
     
    • Thanks Thanks x 1
  4. Theodore

    Theodore Power Member

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    $27k is a lot... I would fight that all the way, I would even take legal action if I had to. Paypal just get to cocky and up them selfs because they know there the number 1 payment processor and can mess people around without any repercussions...
     
  5. evilclown

    evilclown Senior Member

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    There must be a reason. They don't just go picking up people randomly, in addition there is no reason why to have more than $5,000 on paypal.
     
  6. Junefog

    Junefog Junior Member

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    wow $27k in paypal is a lot of money, should've never left that much capital in there in the first place, but I'm sure you'll use your wits to get it back
     
  7. Loak

    Loak Jr. VIP Jr. VIP

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    Same thing called me the same thing too, High Risk. Totally legit business totally legit business accounts everything as per normal.. In all honesty paypal has a monopoly. The user agreements are air tight. Took me so long to get back up and running, everything was soo damn easy with pp.. My problem was transferring 3k too many times and too close together.

    Here is my tip, go and get a real deal payment gateway right now with a business bank account and save yourself the drama of finding alternatives, there is none, you need your own merchant account period.
     
  8. SEOMagicianAL

    SEOMagicianAL Regular Member

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    WHAT REALLY? I had like over 20-30 chargebacks (go figure, selling social media, thank god i left that niche) and NEVER had any problem. Where are you from if i may ask?
     
  9. ariang86

    ariang86 Newbie

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    Paypal sucks, end of story !
     
  10. auxiliarus

    auxiliarus Regular Member

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    Wow, I can't believe this.
    I read one of your awesome threads and it teached me a lot, man.
    I feel sorry for you, try to contact them, maybe?
     
  11. singlegrain

    singlegrain Newbie

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    Try other payment gateways. Like amazon,google,etc
     
  12. bluematter

    bluematter Jr. VIP Jr. VIP Premium Member

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    Thanks, well It's tough but this will pass as well. I have seen far worse times then this In my IM Grind:)
     
  13. auxiliarus

    auxiliarus Regular Member

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    Good luck with the post count, especially your useful posts!
    [​IMG]
     
  14. auxiliarus

    auxiliarus Regular Member

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    Well, this kind of sucks, because at the another side - PayPal is pretty secure and I saw a lot of posts about people getting their credit card's ripped off and nulled because they bought service at xxx.com or let's just say xxx.com had poor security.
    Using alternatives to PayPal is kind of risky, using your bank account is risky too, it's like PayPal trapped you x_x.
    Edit : And doomed you forever to use their service!
     
  15. SEOMagicianAL

    SEOMagicianAL Regular Member

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    You know paypal can't be used for porn, right?
     
  16. auxiliarus

    auxiliarus Regular Member

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    How does that somehow has something to do with my post?
     
  17. bluematter

    bluematter Jr. VIP Jr. VIP Premium Member

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  18. KHer0

    KHer0 Senior Member

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    Well, I am pretty sure it's not a big deal for you Sam :D

    What are you planning to do ? Wait for the 6 months ? Let us know how it goes ...
     
  19. Birdz

    Birdz Regular Member

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    Dang 27K Why the world would you keep that much in once place
     
  20. KHer0

    KHer0 Senior Member

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    I haven't personally used it but I met many people who don't accept it as a payment option. They say its sucks and too much hustle. With such figures I will go for a higher solution.
     
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