Paypal froze the Rippaverse account!
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Paypal has been doing this to everyone for many years. Paypal tends to be pretty aggressive with chargebacks, so to cover themselves, they put the burden on the account holder to prove they aren't scamming.
Paypal is worried this guy is going to not deliver on the "pre-orders" or that the product will be unsatisfactory, and that they'll get flooded with chargebacks, meanwhile this dude has moved all the money and Paypal can't get it back.
This confirms my low opinion of this guy. 1st of all, Paypal didn't "steal" it. He agreed to Paypal's terms of service, which allows Paypal to hold funds like this. The funds are in his account. They haven't been "stolen. 2ndly, it isn't the customer's money anymore, it's HIS MONEY. It was PAID TO HIM already. It doesn't matter if Paypal fucks with it, he cannot say "oh well, I'm not shipping the product because Paypal". This is a HIM problem, not a customer problem.
I can write in the terms of service that I can have you buttfucked by 300 angry Russians every 12 hours and if you agree, I guess you better lub up right ?
Just because it's in the terms of services doesn't make it legal or binding.
Paypal has always been dishonest hacks who freeze people's account for absolutely no valid reason and then profit off the funds. There's about thousands of horror stories of people losing money because of Paypal over the years.
Don't use Paypal.
They're in an account with his name on it, but he can't use them or withdraw them. And may never be able to. The fact that Paypal has an account with his name on it doesn't make it "not stolen", any more than if you steal a milk crate the fact that it still says "property of 7-11" on it means it isn't stolen.
It wasn't paid to him. It never got to him. It was paid to Paypal on his behalf, and Paypal held it up.
Nonsense. Obviously Paypal is holding the funds so he can't take them and scam his followers. Once he delivers the product, Paypal would have no reason to continue the hold.
It does, because we can look at Paypal's long history of honoring the money in accounts instead of stealing it, unlike crypto startups who actually do steal account holders money.
Worst case scenario is that Paypal unwinds the payments and refunds them. There is a 0% chance that Paypal steals the money.
You must be a child who has never had a bank account. Banks routinely hold funds that you deposit for a period of time as a fraud prevention measure.
It 100% was paid and "got to" him. It's sitting in his account. The fact that he can't transfer it out is irrelevant.
No, it was paid to HIS ACCOUNT hosted by paypal. His dispute with paypal is irrelevant to the fact that his customers did, in fact, fully pay him. For him to say that paypal stole "their" money implies that he is not responsible for shipping the product because the product was not paid for. That's a lie.
The simps that this guy has are worse than thirst simps somehow.
So the money he was going to be paid to fulfill the orders and deliver the product is now going to be held by Paypal until he can complete the orders. All because they think he's going to scam them.
Are you actually too stupid to not see the problem here?
He never spoke the words "I need this money to pay to ship the product or I can't ship it".
Don't make up bullshit on his behalf.
"Obviously", my ass.
Banks hold the funds for various lengths of time, up to 9 days for a new account. Paypal, on the other hand, holds the funds indefnitely and sometimes just declares them a violation of their AUP and takes them.
Uh, no. Paypal reserves the right to just take as liquidated damages $2500 per transaction which violates their acceptable use policy, in their opinion. And they do exercise that right. Which means, since each transaction is less than $2500, they might well just take it all.
Yo, Jammie, pull up that Early Life section.
Stanning for Paypal. Amazing.
You really have an irrational hatred of Eric July.