Important PayPal Change and Notice - GoFuckYourself.com

Barefootsies · 06-23-2009, 09:45 PM

Quote:

An important change to your PayPal account

Hello polish_aristocrat,

Your business is important to us, and we are working hard to provide an easy, fast and secure payment service to you and your customers while keeping our prices competitive. We're also committed to clearly communicating changes to our policies and procedures. To that end, we are writing to inform you of a change to your PayPal account, which will take effect 30 days from the date of this email.

Beginning 07/23/2009, a small percentage of the total payments you receive will be held temporarily as a reserve in your account. This small reserve amount helps to ensure that funds are available to cover payment reversals or buyer chargebacks, if you do not have a sufficient PayPal account balance and do not provide the funds to do so.

A reserve is like a security deposit for your PayPal account and is standard practice in the payments industry, especially for retail segments like Internet & Network S where there is a higher-than-average risk of reversals or chargebacks. This does not mean that you have done anything wrong. We are requiring a small reserve in your account because you sell in a category that has a higher risk of reversals and chargebacks and because you are relatively new to PayPal as a seller.

Your reserve amount will be 10% of the total payments you receive, which will be held on a rolling 60-day schedule. That means 10% of the money you take in each day will be held in your account, and then made available for withdrawal 60 days later.

For example, if you receive $2,000 every 60 days into your PayPal account, then a reserve amount of about $400 would be required on a rolling 60-day period. In other words, about $6.67 would be held in reserve each day, then released 60 days later.

If you are a PayPal Money Market Fund customer, you will still earn interest on your total balance while your money is in reserve. Click here for more information or to enroll in the PayPal Money Market Fund.

We recognize this is a change in the way we do business with you. By requiring some merchants to reserve money in their accounts, we're able to lower our own costs. Keeping our costs low helps us to continue providing competitive pricing for all sellers who use PayPal.

If you have any questions about this change, please call us at 1-877-729-7252. We appreciate your business and look forward to a continued partnership.

Sincerely,

PayPal

Just received this little gem today.

sortie · 06-23-2009, 09:48 PM

Welcome to traditional payment processing.

NaughtyRob · 06-23-2009, 10:05 PM

Barefootsies is polish_aristocrat?

Va2k · 06-23-2009, 10:08 PM

Quote:

Originally Posted by GetNaughty

Barefootsies is polish_aristocrat?

WOW didn't see that one coming!

Iron Fist · 06-23-2009, 10:10 PM

Quote:

Originally Posted by GetNaughty

Barefootsies is polish_aristocrat?

Barefootsies · 06-23-2009, 10:12 PM

Quote:

Originally Posted by GetNaughty

Barefootsies is polish_aristocrat?

SuckOnThis · 06-23-2009, 11:55 PM

Paypal likes to steal money.

http://www.paypalsucks.com
http://paypalsucks.org
http://www.internationalterrorist.com/paypal.html
http://yro.slashdot.org/yro/04/05/18...id=9 5&tid=99
http://www.gnutellanews.com/article/12148
http://www.tcj.com/messboard/ubb/For...ML/007500.html
http://seclists.org/lists/politech/2003/Mar/0040.html
http://dir.salon.com/tech/feature/20...pal/index.html
http://www.whatreallyhappened.com/paypal.html
http://www.aboutpaypal.org/
http://groups.yahoo.com/group/paypalperil/
http://www.outofthedark.com/Corporat...Pal/index.html
http://www.ygoodman.com/paypal.asp

WiredGuy · 06-23-2009, 11:58 PM

I assume this is just business accounts and not personal?
WG

JD · 06-24-2009, 12:27 AM

i didn't get that email and I've got a business account

polish_aristocrat · 06-24-2009, 12:34 AM

Quote:

Originally Posted by Barefootsies

hello polish_aristocrat

Axzar · 06-24-2009, 12:57 AM

Could be a phishing email. Did you get pissed off and click a link and log in to your account to address this email?

JamesK · 06-24-2009, 12:59 AM

strange... I didn't get that email

Roby · 06-24-2009, 01:01 AM

i do not like paypal... they can limitate account without any reason

Barefootsies · 06-24-2009, 01:30 AM

Quote:

Originally Posted by Axzar

Could be a phishing email. Did you get pissed off and click a link and log in to your account to address this email?

Nope.

halfpint · 06-24-2009, 01:36 AM

They froze my account and kept my money for using it for porn related shit. Because one of the guys I was doing biz with went and put his porn website name on a transaction. I will never use paypal again

SGS · 06-24-2009, 01:38 AM

Barefootsies · 06-24-2009, 01:46 AM

Quote:

Originally Posted by halfpint

They froze my account and kept my money for using it for porn related shit. Because one of the guys I was doing biz with went and put his porn website name on a transaction. I will never use paypal again

Damn foo.

voa · 06-24-2009, 03:54 AM

I dont have paypal but maybe i will get one so thanks for this info

Darkhorse · 06-24-2009, 04:02 AM

Quote:

Originally Posted by JD

i didn't get that email and I've got a business account

Ya I have one to didn't get it either.....

Klen · 06-24-2009, 04:04 AM

There was thread about it already and there was blog post from paypal about this.And i have premier account.

Si · 06-24-2009, 06:46 AM

Quote:

Originally Posted by polish_aristocrat

u-Bob · 06-24-2009, 07:01 AM

Quote:

Originally Posted by polish_aristocrat

06-23-2009, 09:48 PM	#2
sortie Confirmed User Industry Role: Join Date: Mar 2007 Posts: 7,771	Welcome to traditional payment processing. __________________

06-23-2009, 10:05 PM	#3
NaughtyRob Two fresh affiliate progs Industry Role: Join Date: Nov 2004 Location: Inside teen pussy Posts: 29,602	Barefootsies is polish_aristocrat? __________________ [email protected] Skype: 17026955414 Vacares Web Hosting - Protect Your Ass with Included Daily Backups

06-23-2009, 11:58 PM	#8
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,469	I assume this is just business accounts and not personal? WG __________________ I play with Google.

06-24-2009, 12:59 AM	#12
JamesK hi Industry Role: Join Date: Jun 2002 Posts: 16,731	strange... I didn't get that email __________________ M3Server - NATS Hosting

06-24-2009, 01:01 AM	#13
Roby Confirmed User Industry Role: Join Date: Nov 2004 Location: Praga Posts: 8,033	i do not like paypal... they can limitate account without any reason __________________ PicsForDesign - images for your Promo Work for Designers and Artists

06-23-2009, 11:55 PM	#7
SuckOnThis So Fucking Banned Join Date: Oct 2003 Location: In my head Posts: 6,844	Paypal likes to steal money. http://www.paypalsucks.com http://paypalsucks.org http://www.internationalterrorist.com/paypal.html http://yro.slashdot.org/yro/04/05/18...id=9 5&tid=99 http://www.gnutellanews.com/article/12148 http://www.tcj.com/messboard/ubb/For...ML/007500.html http://seclists.org/lists/politech/2003/Mar/0040.html http://dir.salon.com/tech/feature/20...pal/index.html http://www.whatreallyhappened.com/paypal.html http://www.aboutpaypal.org/ http://groups.yahoo.com/group/paypalperil/ http://www.outofthedark.com/Corporat...Pal/index.html http://www.ygoodman.com/paypal.asp

06-24-2009, 12:27 AM	#9
JD Too lazy to set a custom title Industry Role: Join Date: Sep 2003 Posts: 22,651	i didn't get that email and I've got a business account

06-24-2009, 12:57 AM	#11
Axzar Random Jackass Industry Role: Join Date: Feb 2003 Posts: 1,837	Could be a phishing email. Did you get pissed off and click a link and log in to your account to address this email?

06-24-2009, 01:36 AM	#15
halfpint GFY's Halfpint Industry Role: Join Date: Jun 2007 Location: UK Posts: 15,223	They froze my account and kept my money for using it for porn related shit. Because one of the guys I was doing biz with went and put his porn website name on a transaction. I will never use paypal again __________________ Get FREE website listings on Cryptocoinshops.net

06-24-2009, 01:38 AM	#16
SGS Confirmed User Industry Role: Join Date: Dec 2002 Location: Mallorca - Nottingham Posts: 5,176	__________________ See sig...

06-24-2009, 03:54 AM	#18
voa Too lazy to set a custom title Join Date: Nov 2006 Posts: 16,532	I dont have paypal but maybe i will get one so thanks for this info

06-24-2009, 04:04 AM	#20
Klen Industry Role: Join Date: Aug 2006 Location: Little Vienna Posts: 32,235	There was thread about it already and there was blog post from paypal about this.And i have premier account.