Banned for life, but Paypal still on my side?? - eBay Suspension & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

If you have purchased eBay Stealth, Amazon Ghost or IPBurger services you can get six-months free as a paid member.

Paid membership grants you access to the private forums, live forum chat, larger PM box, and no pop-ups ads among other features.

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Aspkin Forums > Introductions > eBay & Paypal Horror Stories

eBay & Paypal Horror Stories Do you have an eBay or Paypal horror story? This is the place to tell it!

Closed Thread
 
Thread Tools
  #1 (permalink)  
Old 05-07-2013
Subscribed [VIP]
 
Join Date: May 2013
Posts: 23
Thanks: 2
Thanked 3 Times in 3 Posts
Activity: 0%
Longevity: 45%
iTrader: (0)
Default Banned for life, but Paypal still on my side??

I'm gobsmacked (sorry, couldn't find an appropiate smilie)

I was suspended indefinitely on 22/12/2012 and today I get an email from Paypal saying that they have successfully disputed a chargeback case made against me. Cheeky buggers have put about 10 quid in my account that they won't allow my withdraw from until 22/06/2013!

That makes it just under 2000 of my money they've had for 180 days and they seem to want to keep adding more money to it.

It beggers belief, it really does.
The complete step-by-step guide to get back to selling today!

  #2 (permalink)  
Old 05-07-2013
BigCJ's Avatar
Executive [VIP]
 
Join Date: Apr 2011
Posts: 2,585
Thanks: 1,085
Thanked 943 Times in 652 Posts
Activity: 50%
Longevity: 63%
iTrader: (6)
Default

Its all about making the buck for PP.

The more money in your account the more interest that they can collect on the funds just sitting there. This is how pp makes their bank.
__________________
NEW account verification services! Please Inquire with a PM!
  #3 (permalink)  
Old 05-07-2013
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 53,653
Thanks: 4,399
Thanked 6,523 Times in 5,931 Posts
Activity: 100%
Longevity: 74%
iTrader: (7)
Default

In spite of documenting that they dont make interest off of held money cjmixers...but then again they are not a bank and not subject to similar legislations...
  #4 (permalink)  
Old 05-07-2013
JamesNorth101's Avatar
Super Moderator
 
Join Date: Apr 2013
Posts: 14,832
Thanks: 1,037
Thanked 3,640 Times in 2,831 Posts
Activity: 83%
Longevity: 46%
iTrader: (293)
Default

I think in some countries they do make interest on held fund, but they say that they then donate any interest to charities.
  #5 (permalink)  
Old 05-11-2013
Banned
 
Join Date: Apr 2009
Posts: 8,611
Thanks: 1,580
Thanked 2,023 Times in 1,354 Posts
Activity: 0%
Longevity: 80%
iTrader: (47)
Default

Quote:
Originally Posted by rsot View Post
In spite of documenting that they dont make interest off of held money cjmixers...but then again they are not a bank and not subject to similar legislations...
The judge told them they cannot make money off the money being held in their 180 trust fund.

What they are doing is moving the monies around into other interest bearing accounts and when your time comes to be paid the money is being paid from the trust fund which is funded by the newer holds members.

There is a rumor that the same judge is going to force them to release all funds in 45 days. Whether it happens or not we will see.
  #6 (permalink)  
Old 05-30-2013
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 53,653
Thanks: 4,399
Thanked 6,523 Times in 5,931 Posts
Activity: 100%
Longevity: 74%
iTrader: (7)
Default

Yes a legit-sort of ponzi scheme at the expense of the members - ugh
  #7 (permalink)  
Old 07-04-2013
Banned
 
Join Date: Apr 2009
Posts: 8,611
Thanks: 1,580
Thanked 2,023 Times in 1,354 Posts
Activity: 0%
Longevity: 80%
iTrader: (47)
Default

I am hoping the back log of court cases get done and he will reduce the time paypal can hold funds to 45 days.
  #8 (permalink)  
Old 07-04-2013
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 53,653
Thanks: 4,399
Thanked 6,523 Times in 5,931 Posts
Activity: 100%
Longevity: 74%
iTrader: (7)
Default

While we can hope, I wont hold my breath - 45 days isnt enough to protect PP (ugh) from the ability of chargebacks and such (justifiably so)
  #9 (permalink)  
Old 07-04-2013
jeffweico's Avatar
Executive [VIP]
 
Join Date: Mar 2010
Posts: 7,220
Thanks: 895
Thanked 4,048 Times in 2,167 Posts
Activity: 0%
Longevity: 72%
iTrader: (12)
Default

Yes, this is a case of being careful what you wish for. If PayPal is forced to do that, they may tighten up requirements for all new accounts. They could require an SSN, a credit report, or whatever.
  #10 (permalink)  
Old 07-04-2013
JamesNorth101's Avatar
Super Moderator
 
Join Date: Apr 2013
Posts: 14,832
Thanks: 1,037
Thanked 3,640 Times in 2,831 Posts
Activity: 83%
Longevity: 46%
iTrader: (293)
Default

If I can live without the money for 45 days then generally I can live without it for 180. As it stands making a PP stealth is pretty simple, so I am not keep for anything to upset that balance.

I do wonder if it would change across the rest of the world as well, or just the US... Time will tell
  #11 (permalink)  
Old 07-04-2013
jeffweico's Avatar
Executive [VIP]
 
Join Date: Mar 2010
Posts: 7,220
Thanks: 895
Thanked 4,048 Times in 2,167 Posts
Activity: 0%
Longevity: 72%
iTrader: (12)
Default

Quote:
Originally Posted by JamesNorth101 View Post
If I can live without the money for 45 days then generally I can live without it for 180. As it stands making a PP stealth is pretty simple, so I am not keep for anything to upset that balance.

I do wonder if it would change across the rest of the world as well, or just the US... Time will tell
It would probably apply in the US only at first. Then it would roll out to other countries that adopted similar laws. Or, if their new system reduced fraud significantly and was cost-effective, then it would likely roll out worldwide. Of course, that would take some time. Any medium-sized or larger business will do a LOT of testing before making such changes. And that can take awhile.
  #12 (permalink)  
Old 07-06-2013
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 53,653
Thanks: 4,399
Thanked 6,523 Times in 5,931 Posts
Activity: 100%
Longevity: 74%
iTrader: (7)
Default

The issue remains with the chargeback potential.
  #13 (permalink)  
Old 07-06-2013
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 41,588
Thanks: 5,301
Thanked 8,892 Times in 6,946 Posts
Activity: 74%
Longevity: 94%
iTrader: (6)
Default

Changes take time

Preferable if they are for good reasons

Closed Thread



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Banned for life... STILL! jayy Paypal Limited 2 05-06-2013 09:30 AM
Shipping woes: Banned for life bruceuk Shipping Talk 11 01-03-2013 05:07 PM
New to this side... dexterhollister Introductions 6 10-15-2012 12:29 PM
One day a Gold PS, next day a BANNED BUM for LIFE? TermedPS Introductions 18 06-22-2009 01:52 PM
Banned for life!!! litvinal24 Paypal Limited 6 12-24-2008 06:42 PM


Aspkin Group

All times are GMT -5. The time now is 02:37 PM.


vBulletin® Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81