[Ipg-smz] PayPal bans Hacker News

[Dana Blankenhorn]

Paypal is bringing these onorous terms of service into a world where the
company is becoming more of a transaction processor. They are selling their
receivables to Synchrony and signing global alliances for things like
mobile transaction processing.

On Tue, Jan 1, 2019 at 8:55 PM Andy Patrizio <andy at andypatrizio.com> wrote:

> Idiots.
>
>
>
>
> https://www.cryptovibes.com/crypto-news/paypal-bans-the-hacker-news-bitcoin/
>
>
>
> he Hacker News (THN), a cybersecurity news resource, has become the latest
> notable PayPal user to have all its accounts frozen without notice. The
> company alleged that PayPal acted without mentioning any reason and went on
> to hold funds in these accounts illegally for 180 days.
>
> In a series of December 28 tweets, officials announced that money from all
> its corporate accounts with the global money transmitter was no longer
> available. THN described that situation as ‘frustrating’ and accused
> PayPal
> <https://www.cryptovibes.com/knowledge/5-quick-ways-to-buy-bitcoin-with-paypal/>
> of acting without offering valid reasons for their drastic bans. The money
> transmitter has regularly initiated funds blocking against corporate
> clients in the past including those in the cryptocurrency industry without
> explanations.
>
> Such blocks are a part of the service’s terms of use, that feature the
> caution that users can be frozen from their accounts without the company
> having to explain.
>
>
> --
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-- 
Dana Blankenhorn
http://www.danablankenhorn.com
http://investorplace.com/author/danablankenhorn/#.WJzBOzsrLIV
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