- Oct 7, 2016
Loving PayPal getting hammered in the Stock Market today. Down 25% so far. Horrible company.
They don’t support knife makers or the sale of knives. If flagged they will hold your money and close your account.Why are they a “horrible company”? Details!
Me too , and everyone else I guess ?my paypal email address has the word "knives" in it. i have been helped by customer service on the phone in the past. i am guessing if knives were a red flag they might have noticed by now. on facebook, i am in many knife groups. a few times a month, someone proclaims "paypal shut my account down and kept my money for no reason !". then you find out all of their online deals in the past 2 years were to "friends and family" to cheat paypal out of their percentage. paypal does not enjoy working for free.
What makes them a horrible company is the non-transparent, inconsistent and punitive nature of how they handle their TOS and perceived violations of the TOS. It's outlined in this article https://arstechnica.com/tech-policy...after-freezing-seizing-funds-lawsuit-alleges/This is news to me since most knife supply companies take PayPal. I have never had an issue and pay for 99% of my knife supply and knife purchases by PayPal..
I believe that they restrict the sale of knives deemed illegal such as switchblades and hidden/disguised knives.
And even if they did restrict knife and gun sales that doesn't make them a "horrible company". I know a lot of people who don't like guns and guns the way some of us do, and they aren't horrible people.
Exactly. I’ve been told non kitchen knife sales violate their TOS and they would shut down my account. Directly from their mouth. Which I was I pay more to use a high risk merchant service. It’s certainly not about avoiding fees as I pay a slightly higher total percentage elsewhere.If they deem the knives you make as "weapons" they can and have shutdown accounts, some people get their money back some do not.
Now I move the money quickly and only leave a couple hundred in it.