PAYPAL PAYMENTS FOR VAPE PRODUCTS
IF YOU ARE A BUSINESS OWNER, SELLING GOODS ONLINE OR A YOUNG ENTREPRENEUR USING PAYPAL OR THINKING ABOUT USING PAYPAL AS A PAYMENT PROCESSOR PROCEED WITH EXTREME CAUTION.
PAYPAL WAS FOUNDED IN 1998 BY ELON MUSK(NO LONGER OWNER) AND OTHERS AND HAS GROWN INTO ONE OF THE LARGEST ONLINE PAYMENT PROCESSORS GLOBALLY. QUICKLY AND EASILY INTEGRATED INTO ALMOST ALL WEBSITE BUILDING PLATFORMS PAYPAL CONTINUES TO DOMINANT IN A MARKET WITH LITTLE TO NO COMPETITION. HOWEVER, IN THE FINE PRINT ARE CRIPPLING BUSINESS TACTICS,ABSURDLY POOR CUSTOMER SERVICE THAT COULD ULTIMATELY BECOME THE DEMISE OF YOUR BUSINESS IN AN INSTANT.
ANY ONLINE VAPE RELATED WEBSITE USING PAYPAL AS A PAYMENT PROCESSING METHOD BEWARE!!!! WITHDRAWAL ALL YOUR FUNDS IMMEDIATELY AND REMOVE PAYPAL AS PAYMENT PROCESSOR FROM YOUR STORE OR FACE PREHENSILE REPERCUSSIONS. PAYPAL HAS RECENTLY CHANGED THEIR STANCE YET AGAIN REGARDING VAPE PRODUCT SALES AND WILL FREEZE YOUR MONEY FOR 180+ DAYS. YEP, NO NOTICE SENT OR RENEWED AGREEMENT TO CONSENT TOO. IT WAS UPDATED MARCH 19 2020 (ACCEPTABLE USE POLICY) MAY 19 2020 (USER AGREEMENT) AS PER PAYPAL'S WEBSITE.
https://www.paypal.com/webapps/mpp/ua/useragreement-full
JOINING THE LONG LIST OF BUSINESSES THAT HAVE BEEN FINANCIALLY BURDENED BY PAYPAL. WE UNFORTUNATELY ARE THE LATEST VICTIM OF PAYPAL'S RUTHLESS ENFORCEMENT ACTIONS. WITHOUT NOTICE OUR STORE HAS BEEN BLINDSIDED BY PAYPAL. FREEZING OUR BUSINESS REVENUE WITH NO REASON OR RESOLUTION METHOD GIVEN. AFTER RECEIVING TO EMAIL LIMITING MY ACCOUNT, I INSTANTLY CALLED PAYPAL TO RESOLVE TO SITUATION IMMEDIATELY. PAYPAL'S RESPONSE WAS ARROGANT, RUDE AND CONDESCENDING. NO HELP OR REASON GIVEN, JUST WAIT 180 DAYS FOR A EMAIL. AND I I WAS LEFT COMPLETELY DUMBFOUNDED THINKING........ARE YOU F@*#ING KIDDING ME!!!!!! MY MONEY IS JUST FROZEN WHILE YOU DEDUCT INTEREST MONTHLY? HOW IS THIS EVEN LEGAL??
AFTER MUCH RESEARCH, I FOUND COUNTLESS OTHER SIMILAR PAYPAL HORROR STORIES. LARGE SUMS OF MONEY JUST FROZEN WITH NO EXPLANATION OTHER THAN "AN ACCOUNT ALERT STATING "WE NOTICED ACTIVITY IN YOUR ACCOUNT THAT'S INCONSISTENT WITH OUR USER AGREEMENT AND WE NO LONGER OFFER YOU PAYPAL SERVICES" .ALL YOUR PAYMENTS RECEIVED THAN ALL BECOME FROZEN FOR 180 PLUS DAYS AND IN SOME INSTANCES I'VE READ THEY HAVE HELD FUNDS FOR 400+ DAYS!! FOR A NEW BUSINESS WITH LITTLE TO NO OVER HEAD THE CONSEQUENCES COULD LITERALLY PUT YOU OUT OF BUSINESS AND FLUSH YOUR ONLINE DREAMS DOWN THE TOILET.
I DON'T DISAGREE WITH THE UPDATED USER AGREEMENT OR THE UPDATED ACCEPTABLE USE POLICY. NOR AM I UPSET THAT I CAN NO LONGER USE PAYPAL AS A PAYMENT METHOD, I'M COMPLETELY O.K WITH THAT. THIS IS NOT A PUBLIC SLANDER OR HATE BLOG AGAINST PAYPAL. IT'S MERELY AN EXTREME WARNING TO THE UNEXPECTED, REGARDING PAYPAL'S UNPROFESSIONAL BUSINESS TACTICS. A QUICK EMAIL STATING WE ARE NO LONGER ELIGIBLE WITH A PRESET DATE TO REMOVE PAYPAL FROM MY STORE AND THE ALLOWANCE OF WITHDRAW MY BUSINESS FUNDS WOULD OF BEEN THE MORE PROFESSIONAL ROUTE. NOT REMOVE IT NOW, YOUR FUNDS ARE MINE FOR 6 MONTHS.(IN BASIC TERMS). HOW IS IT LEGAL TO NOT LET YOUR USER'S RE CONSENT TO ADJUSTMENTS MADE IN PAYPAL'S UPDATED USER AND POLICY AGREEMENT. HOW DO YOU GET AWAY WITH NOT INFORMING YOUR USER'S THAT YOU HAVE EVEN CHANGED IT AT ALL?? WHY NO EMAIL?? WHY NO NOTIFICATION?? THAT'S ALL BECAUSE PAYPAL SET IT UP THAT THEY DON'T HAVE TOO, YOU USE IT YOU CONSENT.
I'M A BUSINESS OPERATING WITH BOTH A ONLINE STORE AND BRICK AND MORTAR STOREFRONT SELLING 100% LEGITIMATE, REGULATED VAPE PRODUCTS IN COUNTRIES WHERE IT IS ALSO 100% LEGAL TO POSSES, USE & SELL. MY PAYPAL ACCOUNT ALSO HAS 0 CHARGE BACKS WITH HUNDREDS OF SUCCESSFUL TRANSACTIONS.
I HIGHLY RECOMMEND NOT USING PAYPAL AS A PAYMENT SOLUTION FOR YOUR BUSINESS OR PERSONAL USE. ONLY USE AS A LAST OPTION AND WITHDRAWAL YOUR FUNDS DAILY TO PREVENT HUGE FINANCIAL LOSSES.
FOR A LIST OF COMPLAINTS AGAINST PAYPAL OR TO FILE A COMPLAINT VISIT
https://www.bbb.org/consumer-complaints/file-a-complaint/get-started
PAYPAL STOCK INVESTORS CAUTION . DUE TO THE RECENT DROP OF HUNDREDS IF NOT THOUSAND OF ONLINE STORES IN A RECENT USER AGREEMENT UPDATE DATED MAY 19 2020. EXPECT A MAJOR DECLINE IN REVENUE IN THE UPCOMING FINICAL REPORTING. THAT ACCOMPANIED BY THE EASE OF GOVERNMENT RESTRICTIONS IN NORTH AMERICA REOPENING BRICK & MORTAR STORES TO THE PUBLIC. THE COVID 19 INDUCED BLACK FRIDAY ONLINE SALE HIGH'S BUBBLE WILL SUBSIDE AND I PREDICT THAT THE SECOND HALF OF 2020 AND INTO EARLY 2021 WILL NOT BE FAVORABLE FOR PAYPAL.
THE VIEWS AND OPINIONS EXPRESSED ARE THOSE OF THE AUTHOR AND DO NOT NECESSARILY REFLECT THE OFFICIAL POLICY OR POSITION OF ECLOUDZ. ANY CONTENT PUBLISHED BY OUR BLOGGERS OR AUTHORS ARE THEIR OPINION AND ECLOUDZ DOES NOT ENDORSE AND IS NOT RESPONSIBLE OR LIABLE FOR ANY VIEWS STATED REGARDING PAYPAL. ANY VIEWS OR OPINIONS ARE NOT INTENDED TO MALIGN ANY CLUB, BUSINESS, RELIGION, ETHIC GROUP, ORGANIZATION, COMPANY OR INDIVIDUAL.