4 ms·
I ran into this with Paypal and have given up/chalked it up to lessons learned. For backstory, I'd purchased an RTX3080 about a year ago at Microcenter after w
by soylentcola 5y ago
I ran into this with Paypal and have given up/chalked it up to lessons learned.
For backstory, I'd purchased an RTX3080 about a year ago at Microcenter after waiting in way-too-long lines for several mornings. I bought it as part of a new PC I intended to use for gaming, graphical work, and general use, but with all the talk of crypto miners and scalpers ruining things, I took a look at mining Ether during downtime.
It wasn't the reason I got the card, but I figured it might be an interesting way to recoup some of the cost of the card since I was already running a small space heater in that room during the winter anyway. Mined the equivalent of $200-250 and saw that I could "cash out" via Coinbase to Paypal with minimal fees and hassle, so I set up an account, took care of all the tax stuff, and transferred to Coinbase, then a few days later, to Paypal.
Almost immediately, my Paypal account was banned. No explanation. No option to have it reinstated. I can only assume it had something to do with them thinking the Coinbase stuff was shady, but Coinbase-to-Paypal seems like a legit and supported thing to do. I have never been able to contact anyone at Paypal and get an explanation. Nothing was ever "returned" to the Coinbase account. It all just went "poof!"
At this point I am over it because as far as I'm concerned, it was fake money generated by running my GPU when I wasn't on the computer. I'm only really out the added cost of electricity and some time. But it makes me wonder who ended up with those funds.