Paypal banning accounts of people selling bitcoin miners or anything related. wow

Looks like they're crapping themselves. This is completely a business decision, they're abusing their position to stamp out competition.


Just got this email from Paypal since I had in-hand actual Bitcoin miners for sale on eBay:

Hello [name removed],
We have reviewed your PayPal account and found that you are selling bitcoin mining machines. Per our current Acceptable Use Policy for Money Service Businesses, PayPal may not be used to operate a currency exchange, bureau de change or check cashing business including the sale of bitcoins, bitcoin mining units, and other related bitcoin products.
To continue using your PayPal account, we need some additional information from you. Keep in mind that we have placed a limitation on your PayPal account, and this limitation will remain until we receive and review this information. Please provide us with the following:
• A brief affidavit stating that you understand and will comply with PayPal's terms and conditions. • The type of payments you will send and receive, including the type of goods or services you will accept payments for in the future.
Below you will find suggested affidavit language. Please make sure that the requested affidavit is signed and notarized.
I the undersigned do affirm that I understand and will comply with PayPal's policy regarding the use of PayPal Accounts to sell e-currency, such as bitcoins, bitcoin mining units, and other related bitcoin products. I understand that PayPal may not be used to sell e-currency, such as bitcoins, bitcoin mining units, and other related bitcoin products. I further affirm that any further detected violation of the policy may result in the immediate closure of, or restriction to access to the account.
Please log in to your account and go to the Resolution Center to find out what you need to do. Your account will remain limited until the issue is resolved.
Additionally, in the future, if we find that your account is selling bitcoin products, we will need to sever our business relationship with you.
We look forward to hearing from you and thank you for choosing PayPal as your business partner.
Sincerely, Mike PayPal Compliance Department PayPal, an eBay Company
Please do not reply to this email address as it is not monitored and we will not receive your response. You can get in touch with us by clicking "Contact Us" at the bottom of any PayPal page.
Copyright © 1999-2013 PayPal. All rights reserved.

paypal are scum! mark of the beast type shit for sure.

As much as I think Bitcoin is futticaca,

Paypal or anything like them asking for personal information is even more futticacaious.

Someone has to write laws about these Banks being used as policing agencies, the economy will completely die because of it.

By acting like this, Paypal is actually demonstrating why BTC has value.

With BTC no one can freeze your accounts, halt payments, or confiscate your money for any reason.

You are in control. Not a bunch of douche bags in ivory towers.

Paypal is the devil. There is no disguise presented, it's just straight up in your face fucking evil.

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Originally Posted by Mouse

Paypal is the devil. There is no disguise presented, it's just straight up in your face fucking evil.

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Its just a notch below Income Tax, all evil generates from Income Tax.

That was actually quicker than I thought. I figured Banks and Paypal would wait at least another year or so before they'd sever ties with people dealing in Bitcoins. They must be getting worried. :)

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Originally Posted by Hillbilly

paypal are scum! mark of the beast type shit for sure.

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founded by Peter Thiel. also i think maybe Elon Musk.

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First they ignore you, then they laugh at you, then they fight you, then you win.

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If this were to hold true then we are 3/4 of the way to the win. I somehow think it won't be quite that easy.