3 ms·
This is a case of KYC. Paypal wants to get to know you. Just talk to them. This looks scary to people who dont deal with banks and entities that act like banks,
by wayn3 10y ago
This is a case of KYC. Paypal wants to get to know you. Just talk to them. This looks scary to people who dont deal with banks and entities that act like banks, but paypal is doing this because they need to protect themselves from aiding people in money laundering, which is a pretty big deal.
If you explain to them what youre doing and come up with some proof, they will release your money. They do not want to steal it. Almost all these cases revolve around someone not communicating with paypal and then acting surprised when they freeze funds.
Any bank would do that. If my bank is hit wit ha 100k transfer and I don't say a word about it and then appear at the local branch and demand to cash it all out without an explanation of whats going on, they will refuse that, as well. And probably call the cops just to cover their asses. Seriously. Talk to them.