[Ipg-smz] PayPal bans Hacker News

[Richi Jennings]

Prospective customers who want to use PayPal to pay me: This is why I'm
hesitant (plus PayPal's ridiculous cross-border fees).


// @RiCHi <http://twitter.com/RiCHi> | +44.7789.200701 | 1.408.256.0084
// Other contact details: www.richi.uk/contact <http://richi.uk/contact>




On Wed, Jan 2, 2019 at 11:52 AM Dana Blankenhorn <danablankenhorn at gmail.com>
wrote:

> 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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> http://netpress.org/mailman/listinfo/ipg-smz_netpress.org
>
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