Don’t use PP, you can’t trust them with your money. My account was frozen for 18 months and then they said I’d not kept to the guidelines and they kept almost £4,000 of my money. I wished I’d not left money in there and drawn it out as soon as it went in
I used to work with a lot of small business getting involved in selling online, and many of those wanted to use Paypal as they saw it as an easy way to get started and quicker or easier than a proper credit card merchant account. After a few sales the dreaded limitation comes along, nearly aways stated as “unusual account behaviour”. Next after providing every document requested the message will usually suggest that you still have steps to complete.. despite having provided everything. Then they ask for even more documents. In the end it will usually be restored to normal operation, but as soon as you log in on holiday abroad or accidentally use a VPN while connecting to Paypal..it all starts again.
The worst thing anyone can do is give Paypal access to your bank account. I closed my account around 4 years ago. I could see them for what they are, yet many people I contacted via Ebay and other sites, swore they were the safest option. Not in my experience they weren’t. The only way I accept payment now is by BITCOIN or you turn up at my front door with cash.
This is just the beginning of “Institutions” controlling us… I have pulled my cash from all institutions and had everyone I know do the same… It is not if, but WHEN the liquidity freeze happens…
PayPal stand a very good chance of going out of business. Companies with these attitudes are going to learn a major lesson.
