There was also a period where PayPal would tell people that your account has been locked pending money laundering checks. Which made you sound really dodgy. It was a regulatory thing that was mandatory over a certain amount. Not sure if it overlapped with when this happend but it's pretty close.
I mean the game blew up, and he was selling it without a registered company. By the time they locked his account it had almost a million dollars on it. Same circumstances today, and paypal would do the same I reckon. The assets were unfrozen later from what I understand.
Maybe i'm being judgemental but I think you just aged yourself; the early days of PayPal were a nightmare and I know several people that had their businesses ruined after they froze funds in CONNECTED bank accounts, not the paypal funds, the funds in the bank simply connected to paypal for absolutely no wrong-doing.
Don't trust me; go look it up and realise how insane it is that this company was allowed to continue.
They also have one of the most intense tracking cookies out there.
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u/bigmonmulgrew 2d ago
There was also a period where PayPal would tell people that your account has been locked pending money laundering checks. Which made you sound really dodgy. It was a regulatory thing that was mandatory over a certain amount. Not sure if it overlapped with when this happend but it's pretty close.