We have had it with our paypal account, and this after having assisted paypal for four months during their beta roll-out. No reason, no possibility to petition, simply bang all your funds are now belong to us, come back in 6 months and maybe we'll give it back to you.
This really screwed us up, we used to pay out our best members a part of the proceeds (the 'camarades goldrush program'), and we had about $50K in our paypal account at the time, in reserve for payouts.
We ended up having a serious hickup in our cashflow, paid out the users from our other income and quit the goldrush program.
Users that were using paypal and that did not have an alternative way to pay (such as a credit card) were lost as paying members.
Since then I've used paypal only when I absolutely have to, and I really loathe their support department.
Anybody that uses paypal to receive funds for their business is asking for trouble.
More reason why you should use a real bank that offers online banking services rather than a website, especially one that is not regulated in some parts of the world.
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[ 22.8 ms ] story [ 1711 ms ] threadWe have had it with our paypal account, and this after having assisted paypal for four months during their beta roll-out. No reason, no possibility to petition, simply bang all your funds are now belong to us, come back in 6 months and maybe we'll give it back to you.
We ended up having a serious hickup in our cashflow, paid out the users from our other income and quit the goldrush program.
Users that were using paypal and that did not have an alternative way to pay (such as a credit card) were lost as paying members.
Since then I've used paypal only when I absolutely have to, and I really loathe their support department.
Anybody that uses paypal to receive funds for their business is asking for trouble.