FYI, paypal has started a massive banning campaign on accounts selling anything bitcoin related, whether it's mining equipment, ebooks, or the currency itself.

This is a new action they started around mid Jan of this year.

You will be warned once, then your account will be perm banned from paypal, with all money inside frozen.  

I got called from paypal because i sold a few casascius coins (no issues with the transaction itself, buyers all happy).  But the lady said because i sold bitcoin my account is now under review for a perm ban. I stated i have been selling since early 2013 with no issues, and it's perfectly legal within ebay they even created a new category called virtual currency for it.

But she could careless just reading off a script, but I managed to get it out of her it's some new policy they are now implementing against bitcoin. She doesnt really even understand what it is, as long as the auction has the word bitcoin in it, over certain $ amount, and buyer paid with paypal, you are at risk getting the hammer.  If you check online many similar stories in the last month or so.

That's one way to try shut down the competition.  ,,!,, paypal

You were selling a physical item that was perfectly allowed and they froze your money because they didn't like it...  How is that not illegal?

exactly, i explained very clearly everything i sold was physical - casascius coins and some asic mining equipment, nothing virtual.  But she doesnt care or even understand, to be fair i dont think it's her fault she's just a drone.

i have been with paypal for over 10 years with a business account and paypal credit card, do about $10k transaction with them each month. And they would just ban me because i listed a few bitcoin auction is insane

I wondering if i should withdraw money from paypal now, got about $6k in there, but if i do i think it will worsen my chance of not getting perm ban.

what a nightmare, becareful guys.

edit:  i dont think buyers are affected, they are only targeting sellers.

There is someone else around here suing paypal for similar reasons. See if you can get in touch with them.

some banks closed user's account for the same reason, why? because bitcoin is supposed to destroy them! bank and paypal of cause will fight back!

As long as they don't "ban" users who've purchased $50 of Virwox second life currency to convert to BTC.

Though I did that only once and over 3-4 months ago.

Otherwise, I've been using PayPal for something like 6+ years. I'm not their biggest fan, but I still find it useful for some things.

What about private transaction???  Are they banning that as well?? (Can they see what we're selling?)

I'm talking about transaction conducted via forum or chatroom...

just wondering.. 

Paypal is so hypocritcal. Paypal is owned by Ebay and ebay itself allows people to sell miners, coins, etc but then once the transactions are all processed and stuff, they wanna ban the account and keep all the money to themselves.

Paypal is quite popular for banning a lot of accounts with $1000+.. they ask you to submit all kinds of documents, and still they won't activate the account for another 6 months. They freeze millions of dollars each year to earn interest on the money.

that is not true. they can implement your coin address to your paypal account just like u add debit/credit card. actually ill go as far to say that they are the ones who are able to gain most if they incorporate btc correctly. they have huge user base and they still need to pay the banksters % off every transaction.

PayPal is such a bunch of greedy, selfish retarded freaks...

Point is, whatever PayPal thinks is fine for them, seems to be rediculous for those who bring them the money. Does this understand anyone? Even worse is, you can't argue with them, only clones and drones on the phone, not to speak of automated funny email answering bots.

Sue PayPal? Haha, good luck, make the lawyers happily suck your last drop of blood...

Not to say that I've been through all of this, up today I could dodge some bad nightmares with PayPal, but if you have trouble with them, they suck, really suck. They freeze your account and wait until you beg on knees and swear the hell out of your mind

They dominate the market and they piss on those who bring them the money, fucking lots of money. And still everyone happily uses them (mainly because of nonexistance of a real competitor with adequate market penetration). Strange world and I wish PayPal to go down and burn in flames as they deserve it.