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IPFS News Link • Unintended Consequences

What the Hell Happened to PayPal?

• https://www.thefp.com By Rupa Subramanya

One by one, they go to start their business day only to find a baffling message from their payments app informing them: "You can no longer do business with PayPal."

There is little or no explanation. They have somehow offended the sensibilities of someone somewhere deep inside the bureaucracy. 

They are simply told via an email from PayPal's Risk and Compliance Department that, after an internal review, "we decided to permanently limit your account as there was a change in your business model or your business model was considered risky."

In case there is any doubt, the email adds: "You'll not be able to conduct any further business using PayPal."

Then, toward the bottom: "If you have funds in your PayPal balance, we'll hold it for up to 180 days. After that period, we'll email you with information on how to access your funds."


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