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Isn't your balance gone when PayPal cancels your account? Also what's with people having recurring payments to the cancelled PayPal account? Honest questions.
by AnonCoward42 4y ago
Isn't your balance gone when PayPal cancels your account? Also what's with people having recurring payments to the cancelled PayPal account? Honest questions.
- throwaway837562 4y agoIn our case, yes. Our balance of around $4k was frozen for 180 days then PayPal said they will keep it all due to "damages", which they did not specify. Subscriptions will fail to be renewed.
- twawaaay 4y agoIDK. "Normal" financial institutions like banks have obligation to send the balance to the account of your choosing upon closing the account unless it is frozen. But the money can only be frozen for a specific reason and the bank has no ability to claim those money for themselves. There is a good chance we will get a resolution because there is a potential class action brewing: https://www.bloomberg.com/news/articles/2022-01-13/paypal-sued-for-freezing-customer-accounts-without-explanation https://www.bloomberg.com/news/articles/2022-01-13/paypal-su...