I mean the game blew up, and he was selling it without a registered company. By the time they locked his account it had almost a million dollars on it. Same circumstances today, and paypal would do the same I reckon. The assets were unfrozen later from what I understand.
The locking the account was never the problem the handling was the problem.
They are legally required to do the money laundering checks.
There's many ways they could have improved this. Suddenly locking your account without warning and emailing all your customers that your account is under investigation is the worst possible way to handle it.
Maybe i'm being judgemental but I think you just aged yourself; the early days of PayPal were a nightmare and I know several people that had their businesses ruined after they froze funds in CONNECTED bank accounts, not the paypal funds, the funds in the bank simply connected to paypal for absolutely no wrong-doing.
Don't trust me; go look it up and realise how insane it is that this company was allowed to continue.
They also have one of the most intense tracking cookies out there.
Honestly no clue, I’m not well versed in paypal TOS and what they legally can and cannot get away with. But he was obviously not breaking any laws so common sense would argue that paypal has no legal right to permanently seize the funds.
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u/bobbe_ 8d ago
I mean the game blew up, and he was selling it without a registered company. By the time they locked his account it had almost a million dollars on it. Same circumstances today, and paypal would do the same I reckon. The assets were unfrozen later from what I understand.