[Ipg-smz] PayPal bans Hacker News

[Dana Blankenhorn]

I wrote about Paypal as a stock last week
https://investorplace.com/2018/12/paypal-stock-a-perennial-buy/ but, as I
said, its no longer an alternative payments company but a global mobile
payment play, rapidly integrating with other networks and, thus, losing the
advantages that once made it interesting.

On Wed, Jan 2, 2019 at 7:15 AM Richi Jennings <richi.ipg at richi.uk> wrote:

> 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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>>> Ipg-smz at netpress.org
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>>>
>> --
>> Dana Blankenhorn
>> http://www.danablankenhorn.com
>> http://investorplace.com/author/danablankenhorn/#.WJzBOzsrLIV
>> --
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>>
> --
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-- 
Dana Blankenhorn
http://www.danablankenhorn.com
http://investorplace.com/author/danablankenhorn/#.WJzBOzsrLIV
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