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Paypal closing accounts

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    Paypal closing accounts

    From time to time online you hear that paypal has closed accounts without a good reason. This is scary of you are working online and use paypal as your main payment processor. Some of the reasons that paypal gives are: Suspicious source of payment, using different IP addresses to access your account and not being to verify your identity. Have you ever heard a problem with your paypal account? How did you sort it out. Was your account closed or just limited for a while?

    #2
    I haven't read any news about paypal concerning on closure of accounts. This maybe because of anti-money laundering act to avoid suspicious accounts. I doubt, if paypal will close an account without prior notice. They value their client. There is a law governing on those kind of business. If ever paypal well do that, it will be a global issue.

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      #3
      I recently got an email from PayPal informing me about updates on their policy. It's mostly about a change in fees when someone sends and receives money from different geographic locations, and I haven't understood anything.

      From my experience, I encountered one instance where I am being restricted from accessing my account before without further notice (I have $200 in there), and according to them, their reason is they're trying to verify a few things. I bombarded their customer support with emails and only got access after a week.
      Last edited by NerdIndeed; 10-10-2018, 11:27 PM.

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        #4
        Well I am relatively new to PayPal but I have not faced any problems with PayPal so far . In fact the Sign up process and the verification process for PayPal is very easy. The customer service is very prompt and they do solve any difficulties that you may be facing. But as i said I am a newbie on PayPal and i am keeping my fingers crossed for the future.

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          #5
          I wonder where you got that news about Paypal on clising accounts? Take note that Paypal has competition and although I am not hinting that the issue of closing account is a smear campaign but it is highly possible. My point is for us to be careful in spreading negative info about a business.

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