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WARNING: Your PayPal Account is at Risk! (PayPal closing seller accounts for dubious reasons)
derrickvandyke.com blog ^ | Derrick VanDyke

Posted on 06/11/2011 1:11:29 AM PDT by UnwashedPeasant

If you sell or promote products online and you accept payments through PayPal, I encourage you to read this entire post. I have personally processed over $1,000,000 in sales through PayPal in the last few years. PayPal recently froze my account... They canceled well over $20,000 in recurring subscriptions. You know what their reason was? They said my site was a work-at-home business opportunity site and that it violated their terms of service! Yesterday, my friend Spencer (one of THE top sellers in the WSO forum) got his account shut down too. He sells Word Press plugins. I started talking to other Warriors and discovered that dozens of people have been shut down in the last few weeks.

(Excerpt) Read more at derrickvandyke.com ...


TOPICS: Business/Economy; Extended News
KEYWORDS: paypal
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To: SunkenCiv

I am humbled. When it comes to links we are all deep in your debt, Civ.

(SunkenCiv links have been found in Troy VI!)

:’)


21 posted on 06/11/2011 4:54:08 AM PDT by 668 - Neighbor of the Beast (Bad posters drive out good. Don't post and drive!)
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To: UnwashedPeasant

This is OLD NEWS!

Back in 2003 they did this to me. Been selling on feebay for years. Buddy asked me to sell some farm equipment. So I went out, got photos, wrote up the listings and off to the races we went.

Items sold for just north of 50,000 bucks. Most under 3K many paid with paypal on smaller things. Anything over 3K was to be paid in person with cashiers check (in the listing) most ignored it and paypaled so they could put it on their credit cards.

Anyways. In one day over 30,000 dollars was deposited in my paypal account. I hit the transfer to checking account button and the next day paypal canceled the transfer and locked the account.

Only 2 items had been picked up at that point and we sure as heck where not releasing the rest with paypal holding the money hostage.

1 year later we FINELY got paypal to let go of the 10,000 they where holding for the two items that had been picked up. The rest requested refunds at our direction. Some of those paid by other means. The rest just said the hell with it.

I still sell on ebay. but I REFUSE to use paypal in any manor.


22 posted on 06/11/2011 5:08:37 AM PDT by cableguymn
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To: 668 - Neighbor of the Beast

:’)


23 posted on 06/11/2011 5:51:26 AM PDT by SunkenCiv (Thanks Cincinna for this link -- http://www.friendsofitamar.org)
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To: GreenAccord

There’s actually an entire conference about tachs? ;’)

Email the promoter and point out what a dumb idea that is, then use caution.


24 posted on 06/11/2011 5:54:15 AM PDT by SunkenCiv (Thanks Cincinna for this link -- http://www.friendsofitamar.org)
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To: NoLibZone
This site! => FanPageTrafficSystem.com

You may be on the up and up, but your site looks like a scam to me.
25 posted on 06/11/2011 6:21:05 AM PDT by WackySam (Obama got Osama just like Nixon landed on the moon.)
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To: UnwashedPeasant

Good to know that Paypal is on the lookout of MLMs and other scams.

I feel better now when I see their name on a store website.


26 posted on 06/11/2011 6:31:52 AM PDT by BobL (PLEASE READ: http://www.freerepublic.com/focus/f-news/2657811/posts))
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To: BobL

Why do you say MLM’s are scams?


27 posted on 06/11/2011 7:21:51 AM PDT by badbass
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To: BobL

Why do you say MLM’s are scams?


28 posted on 06/11/2011 7:21:58 AM PDT by badbass
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To: Lazamataz

Same here. I use Z Money or Web Money from Europe when someone uses my Fileserve and Filesonic accounts. The last time I complained to Paypal about a buyer account, instead of replying to me professionally then sent me the entire user agreement in pdf form...to read again. F*** Paypal.

Plus, a close bud of mine told me they squealed on the IRS on some of his accounts on how much he really made.


29 posted on 06/11/2011 8:09:42 AM PDT by max americana (.)
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To: wiseone

>if your off US ,its only way to make transactions,

I use Z Money or any web money operations from Europe and they’re OK. It’s just the name branding of Paypal but there are other alternatives there that I use. Unfortunately, the other party in a transaction is too lazy to use them so it’s Paypal to some degree.


30 posted on 06/11/2011 8:12:45 AM PDT by max americana (.)
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To: cableguymn

>I still sell on ebay. but I REFUSE to use paypal in any manor.

Paypal is the de facto merchant service on Ebay so how do you receive your funds and pay for the fees?


31 posted on 06/11/2011 8:15:55 AM PDT by max americana (.)
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To: UnwashedPeasant

Does anyone know of alternatives to Paypal?

Some people at the link were talking about Alertpay.com but I don’t know anything about them.

Any recommendations?


32 posted on 06/11/2011 8:44:27 AM PDT by PastorBooks
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To: badbass

Sorry for the implication. I guess it depends on how much money you’ve got handy to toss away needlessly. For a lot of people with cash to play with...it’s their choice.


33 posted on 06/11/2011 8:50:47 AM PDT by BobL (PLEASE READ: http://www.freerepublic.com/focus/f-news/2657811/posts))
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To: SunkenCiv

I used paypal once, had a problem with the seller, was told it’s not paypal’s problem, and never used them again.


34 posted on 06/11/2011 9:06:43 AM PDT by TheOldLady (Freepmail me to get on or off the ZOT Lightning ping list.)
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To: max americana

http://pages.ebay.com/help/pay/accepted-payment-methods.html

They just want you to THINK you have to use paypal.

You do not.


35 posted on 06/11/2011 9:36:05 AM PDT by cableguymn
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To: PastorBooks

See post 35. There is a link to the ebay accepted ways to collect payment.

Short of that list, you are forced to use paypal.


36 posted on 06/11/2011 9:40:13 AM PDT by cableguymn
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To: BobL

You paint with a broad brush. Some are better than others, but it’s just product distribution. I’ve worked with some pretty large corporations in traditional forms of product distribution. Trust me
- scams come in many forms.


37 posted on 06/11/2011 6:07:10 PM PDT by badbass
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To: BobL

You paint with a broad brush. Some are better than others, but it’s just product distribution. I’ve worked with some pretty large corporations in traditional forms of product distribution. Trust me
- scams come in many forms.


38 posted on 06/11/2011 6:07:15 PM PDT by badbass
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To: BobL

You paint with a broad brush. Some are better than others, but it’s just product distribution. I’ve worked with some pretty large corporations in traditional forms of product distribution. Trust me
- scams come in many forms.


39 posted on 06/11/2011 6:07:20 PM PDT by badbass
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To: badbass

Don’t know whaf’s going on with the double posts.I


40 posted on 06/11/2011 6:13:14 PM PDT by badbass
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