3 ms·
It wouldn't blow your mind if you did a bit of research. Payment processors will ALL (including stripe, authorize, adyen, etc) lock your account (with your mon
by droopyEyelids 4y ago
It wouldn't blow your mind if you did a bit of research.
Payment processors will ALL (including stripe, authorize, adyen, etc) lock your account (with your money still in it!) if:
1) You're taking money for a product that will be delivered in the distant future (like tickets for an event, or preorders)
2) Your account has a sudden change in ticket size or quantity
3) You're violating their TOS. On HN that might look like a service that winks about piracy, or being a spamming tool.
Ever since I learned about this ~10 years ago, I've been looking into the details every time someone gets their account shut down, and it's always the above. The way people describe what happened to them to carefully leave out one of those points prevents it from ever being shocking.
- chris_wot 4y agoThose dastardly people successful at selling their products and services at scale.
- vetinari 4y agoI wonder why they are even allowed to do 1). There are entire industries (like airlines, for example) which rely on negative working capital to operate at all.
- deleted 4y ago[deleted]
- from 4y agoThe only one of the examples you listed that makes me even remotely sympathetic to Paypal is TOS violations but Paypal or any big company's TOS is sufficiently vague to make any suspension justifiable as a TOS violation.
- handsclean 4y agoI have trouble believing that you were always able to get to the bottom of it and determine it to be one of these causes, not only because it entails a remarkable ability to connect with many otherwise unresponsive posters, and the because it’s so easy for a person to read a challenging story and just assume that missing pieces would make it fit a prior conviction, but because it’d be pretty remarkable if I’m really the end of your ten-year streak. Hi. PayPal stole from me and I fit none of those points. I had a personal account, a friend made a habit of repaying me via PayPal despite my already knowing better, PayPal allowed it for a while then switched to accepting transfers to my account but barring withdrawals or return transfers, in effect taking out a non-consensual unannounced month-long loan from me. You can tell me how PayPal may have become confused and incorrectly believed I’m taking pre-orders, breaking their TOS, money laundering, etc, but those beliefs are factually incorrect, my usage was not inappropriate, and it’s very different to say “PayPal only does it when X” and “PayPal only does it when they believe X, which they frequently do mistakenly”.