paypal just took me for $400

[YoYoFat]

I think people are buying and sending Bitcoin through PayPal.

And this is viewed by PP as potential money laundering.

 

[brittmiche]

I read through most of SRY - Lisa’s posts about payment methods and none (at least recent posts) offered PayPal. I have also bought from them three times and PayPal wasn’t an acceptable payment route. How did you end up using that method?

Crypto

 

[brittmiche]

Not sure BBB is going to help with a financial institution (PayPal) following rules/regs regarding red flags for money laundering.

That’s the danger with using PayPal, they’re keeping an eye on transactions that raise red flags. One of many reasons why many vendors only use crypto.

It was crypto

 

[brittmiche]

I think if you're not willing to read through the multiple crypto guides floating out there, which make it super clear that you should absolutely use your own wallet, then you have no business paying in crypto. I'm not willing to read or figure it out lol, so I don't use crypto. It sucks that you're out money, but there was a high likelihood of this happening by using paypal.

Now I know.

 

[normal]

It concerns me the amount of people who are unaware the bbb is a private company with absolutely no power over anything

 

[keangkong]

It concerns me the amount of people who are unaware the bbb is a private company with absolutely no power over anything

BBB is a private organization. It's not a company in the sense that it has owners who make money.

 

[Sunflower]

A reminder for everyone. You don’t own the wallets being used at apps like PayPal or CashApp so they can shut you down at any time. The quickest way for that to happen is to send money to a wallet they have flagged (I.e- a vendor wallet). The safest way to use these apps is to set up a self custody wallet on Exodus (It’s pretty straightforward).

Always send your crypto to that wallet before sending it to a vendor.

Keep your money safe folks!

Thank you for explaining the reasoning! I’ve used crypto on CashApp for Canadian research analogue LSD, South African Iboga, Indian pharmacy tretinoin, etc. I’m surprised they didn’t get suspicious yet

 

[Sunflower]

It concerns me the amount of people who are unaware the bbb is a private company with absolutely no power over anything

It’s the Boomer version of calling out bad business practices on Twitter or whatever SM you have a following. Although sometimes I have read BBB reports can be effective.