dominictarason.com profile picture

Dominic Tarason @dominictarason.com

Because some people haven't heard it yet: PAYPAL IS NOT A BANK, DO NOT LEAVE MORE THAN A COUPLE HUNDRED DOLLARS SITTING IN YOUR ACCOUNT AT ANY TIME. MOVE IT TO YOUR BANK ACCOUNT IMMEDIATELY.

Paypal can and will close your account and steal all your money without warning. And have done MANY times.

Replies

  2. crystalqueen200.bsky.social profile picture

    @crystalqueen200.bsky.social

    I had 20 some bucks, but this motivated me to finally stop procrastinating and put it in my real bank account

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  4. chemiwizard.bsky.social profile picture

    David Schumm @chemiwizard.bsky.social

    I will also argue do not use PAYPAL to receive your income. Sure use it like Visa or whatever to shop online and split the pizza bill. But if you receive regular income have it directly deposited in your bank. PAYPAL surveils. and judges your transactions

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  5. pig0gre.bsky.social profile picture

    pig0gre @pig0gre.bsky.social

    People leave money in PayPal? They don't just use it as an immediate go-between? Fuckin hell, scary thought, let alone the reality that all this can happen

    1
  6. harryamoros.com profile picture

    Harriet Amorós @harryamoros.com

    It fucking sucks because some people dont have a choice, in my country if you get dollars they are basically stolen in taxes like 75%

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  8. thereader099.bsky.social profile picture

    Fi @thereader099.bsky.social

    They stole my money few years ago. And no amount of back and forth helped. They do a whole roundabout and you start again from the 0.

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  10. racc00nm0nster.bsky.social profile picture

    🌈Racc00nm0nster☀️ @racc00nm0nster.bsky.social

    Its so frustrating everyone is blaming the developer for letting the money "sit in the account" when they had no choice but to use PayPal to receive the lump sum whwen it was then seized. Which they wouldn't have to do if they weren't already debanked by several other banks!!!

    2
  11. tacko3d.bsky.social profile picture

    Tacko The 3D Guy @tacko3d.bsky.social

    I've even set up automatic transfers just in case I ever forget to withdraw. I never let it go past at least 20 bucks. Back when the Sketchfab store was open, they'd lock my account for suspicious activity ALL TIME because people would just buy my 3D models every other day

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  12. diebooth.bsky.social profile picture

    Die Booth @diebooth.bsky.social

    Does anyone have recommendations from experience of a good, widely used alternative to PayPal that allows an individual to receive fee-free payments?

    1
  16. jonn254.bsky.social profile picture

    @jonn254.bsky.social

    Every time I see this happen I feel frustrated that people don't instantly transfer funds from Paypal.

    Unless it is your bank your trust of anything handling money should be 0.

    and if its your bank it should be almost 0

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  20. comicgoblinart.bsky.social profile picture

    Misha Willow Gehr @comicgoblinart.bsky.social

    I trust paypal as far as I can throw them, and given that they are a non-corporeal financial entity, that's not very far.

    I always transfer $ as soon as it comes into my account, and given the way they continue to behave, recommend that everyone who uses it as a processor to do the same.

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  21. tonyacatte.bsky.social profile picture

    it's bev! @tonyacatte.bsky.social

    I remember reading so many stories of like, donation drives using paypal as a go-between, then having the account locked down because they got So Much Money So Quickly.

    It made me learn to deposit my paypal balance into a bank as soon as I got it, just to avoid that problem from happening.

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  22. mikesand.com profile picture

    Mike Sanderson @mikesand.com

    I tried to pay someone once and PayPal: 1) transferred money out of my bank account, 2) then flagged the transaction as suspicious, 3) required me to jump through hoops to unfreeze my account. If the transaction was suspicious why'd you take money out of my bank account! Can't believe that's legal!

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  23. scioneon.bsky.social profile picture

    Scion Eon @scioneon.bsky.social

    I just heard about this, this morning. I hope the people involved get the money and that PayPal rightfully gets sued on this.

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  26. magebad.bsky.social profile picture

    MAGEBAD @magebad.bsky.social

    Shouldn't PayPal be legally required to give them their currency if it's theirs? Sounds like a lawsuit

    1
  27. lizzybrynn.fr profile picture

    Lizzy Brynn ☕ @lizzybrynn.fr

    I learn thanks to this post that it's only technically a bank in Europe (as a European citizen, I have to declare my account to the French IRS)

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  32. igorama0.bsky.social profile picture

    RETRO @igorama0.bsky.social

    Its soo funny see how you guys need to trust in a fking paypal thing to have just a tiny service who brazilian pix aways did (and we do better) How barbaric thing is need to trust in a fking corporation to spend you money

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  33. qdbuckwheat.bsky.social profile picture

    @qdbuckwheat.bsky.social

    Bonus reason to keep money in an actual bank account: Earning interest/dividends on it. Not sure about the UK, but in the US your funds are also insured up to $250K in the event something happens to that institution.

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  35. chloevz.bsky.social profile picture

    Chloe @chloevz.bsky.social

    I never leave a cent in PayPal. PayPal is for international transfers, everything else is bloatware.

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  38. karnoss.bsky.social profile picture

    Karnoss @karnoss.bsky.social

    The guy was debank everywhere and paypal was is last option. And he got trap by it.

    But it's just insane nsfw artist and developer are just abuse by bank and paypal.

    And when I heard it's common and paypal stole all those money through "fine" is just insane

    1
  41. rinvars.bsky.social profile picture

    Arnis Vaivars @rinvars.bsky.social

    Part of the story is local banks and other services like Wise deplatforming them, so Paypal was their last option for paying contractors and whatnot. Still shouldn't hold that kind of sums on Paypal, but the bank/payment processor cartel has its hand in everything.

    1
  42. allmxther.bsky.social profile picture

    Allmxther @allmxther.bsky.social

    This is not fearmongering, this happens ALL THE TIME, personally lost my whole business account and they don't have to give you a reason, let you arbitrate, it's just gone.

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  44. kaly.bsky.social profile picture

    KaL @kaly.bsky.social

    I think I first was warned about this years and years ago when they locked Notch's PayPal because Minecraft was making too much money, people really need to understand that PayPal is some kinda not bank that just has tons of money in it.

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  49. yello.ooo profile picture

    yellow @yello.ooo

    Lost $3k in birthday money years back because I couldn't verify my identity. Got put on the banking blacklist 6 years ago, expires next year, can't open any accounts for now, all I have left is PayPal, fucking miserable existence.

    PayPal sucks ass, and what they're doing to people is unforgivable.

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  54. andy-pearce.com profile picture

    Andy Pearce 🇬🇧👨🏻‍💻 @andy-pearce.com

    I don’t dispute this advice, but how can PayPal steal this money? It’s clearly not their money, they need to dispose of it somewhere. I could understand if they, say, released the money and then closed the user’s account and banned them from creating another. But keeping the funds is theft.

    2
  57. dominictarason.com profile picture

    Dominic Tarason @dominictarason.com

    Like, by all means, use Paypal as it's one of the most supported payment processors online. But the moment you recieve funds, consider immediately shuffling it straight into your bank account.

    Do not treat Paypal as a bank. Do not hold money there. I've heard horror stories like this for a decade!

    3
  59. viopercus.bsky.social profile picture

    Violet @viopercus.bsky.social

    Unfortunately they take a big cut when transfering to my bank so I let it stay use the funds I had to purchase online stuff. I wanted to keep them but I fear they wouldn't have stayed for long

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  60. davidseed.bsky.social profile picture

    David Seed @davidseed.bsky.social

    If you leave cash in there for more than a couple of days I’ve found that rather than pinching it, they’re apt to return it to your customer which is bloody annoying though not catastrophic. I transfer my cash as soon as I know it’s there now.

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  62. darkjaguar64.bsky.social profile picture

    Dark Jaguar @darkjaguar64.bsky.social

    I didn't know this sort of thing was happening, but now that I do I'm very glad I never bothered to comply with their request for things like my birth certificate and so on. I simply don't trust them with that information now, and as a result, they simply don't hold money sending it right through.

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  66. kusy.bsky.social profile picture

    Kusy @kusy.bsky.social

    And because it's not a bank it's not as easily supervised by governments in some countries. People gamble with this because as soon as it touches your bank account it's taxed income.

    1
  67. waporefugee.bsky.social profile picture

    PenToPaper @waporefugee.bsky.social

    PayPal refused to release some $800 of compensation I’d earned as a contractor, threatening to keep 25% of MY money for “tax purposes.” My accountant told me that was bull, as my tax rate was only 12%. Friends thought I was crazy to fight PP. No more! I’m still out that $800.

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  68. biggus.bsky.social profile picture

    Biggus @biggus.bsky.social

    PayPal literally has an option for regular payments - ours is set to empty itself into our company account every Monday morning. Why anyone would trust PayPal is beyond me.

    1
  70. roryvalart.bsky.social profile picture

    RoryValArt 💛🤍💜🖤(VGen comms open) @roryvalart.bsky.social

    I use Paypal and Revolut but I only leave pocket change on them. Yes I would be pissed in losing that money but it'd be 20€ at most, I'm not gonna go bankrupt for that. Use them, because they ARE useful, but do not trust them with your money more than necessary.

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  71. vidstudent.bsky.social profile picture

    Nicholas Eckert @vidstudent.bsky.social

    Reading the article and Reddit thread, this person is probably out of options. PayPal was a workaround because they were getting debanked everywhere else because of what they do. They may need a high-risk processor, which is its own load of problems (shady as ****, exorbitant cost, flagged).

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  72. his-hairiness.bsky.social profile picture

    His_Royal_Hairiness @his-hairiness.bsky.social

    People leaving money in Paypal are missing out on every penny of interest they'd be making if it was in their bank account. Meanwhile, Paypal gets every penny of interest, instead. It boggles the mind people don't realise this.

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  73. cyboly.bsky.social profile picture

    Cyboly @cyboly.bsky.social

    I have literally never left any money in my Paypal account, I've always set immediate transfers to my bank, idk how people can just leave it in there

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  74. destross.bsky.social profile picture

    2 FAST 2 ZANARKAND @destross.bsky.social

    I had to keep about $5,000 in Paypal Savings for six months while I moved from the United States to the United Kingdom late last year/early this year and it was the scariest thing imaginable.

    Couldn't open a bank here til my Visa was sorted, fees would've eaten me with my USA bank.

    Cant recommend

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  79. marco.jard.im profile picture

    Marco Jardim @marco.jard.im

    I get that Paypal's alternatives aren't much better but seriously, if you still trust Paypal in God's year of 2025 I don't know what to tell you.

    This all has happened before and it will happen again. Paypal is not a company you can trust with your earnings.

    0
  82. freetahfox.bsky.social profile picture

    Freetah Fox @freetahfox.bsky.social

    I’m closing my account. Had to shut down my Patreon while I tried to figure out what to replace it with. I’m sooooo over PayPal. It was great when it came out. But jeeez all these fucking services turn so shitty after a while. What gives with that?

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  84. psilicybins.bsky.social profile picture

    🍄kitchen synk @psilicybins.bsky.social

    You can change your PayPal settings to automatically transfer your balance to the bank every night at around midnight. Ive had mine like that for years after seeing multiple artists I follow get wrongfully banned and their money taken

    Just be careful not to spend it if you haven't earned it yet!

    1
  86. frymaster.127001.org profile picture

    frymaster (Phil) @frymaster.127001.org

    I read the original Reddit thread. Part of the issue is the guy in question either keeps getting his accounts closed by banks. General consensus was that was a problem he really should solve first

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  90. levobertus.bsky.social profile picture

    Levobertus @levobertus.bsky.social

    I start sweating when there's 2 digits on my paypal, how can people sit on 5 digits and not think about like immediately transferring it to their bank?

    0
  93. megasoups.bsky.social profile picture

    @megasoups.bsky.social

    What the shit? Isn't this literally stealing from the user? Quite a lot of money too.

    1
  94. duskoni.bsky.social profile picture

    Dusk @duskoni.bsky.social

    We haven't owned our money since they invented banks. But this is disgusting. Payment processors run the world and now dictate how you are allowed to spend, and earn your money, even within legal limits.

    God. Bro. Asteroid 2.0? Anytime now.

    0
  95. duketyrag.bsky.social profile picture

    DukeTyrag 😈🐮 @duketyrag.bsky.social

    need the rest of the story. paypal deposits your money in a linked bank account or sends you a check and paypal will hold onto funds for a time to cover any outstanding payment. the ONLY reason they do not give you your funds is if your account was closed for fraud.

    2
  97. honkhonkhonkhonkho.bsky.social profile picture

    @honkhonkhonkhonkho.bsky.social

    I remember shit like this happening back when Minecraft was in dev, too. It was like a million bucks of Notch's money they more or less just tried to steal.

    Mass public outrage made them backtrack, so they're not immune to bullying. Make them afraid.

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  98. drkimberlyd.bsky.social profile picture

    Salty KD 🧂 @drkimberlyd.bsky.social

    Adding to this I am a PR for a family member’s estate and have been trying to get their PayPal Account closed for more than 6 months…they seem to think the money in the account belongs to them.

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  99. winterfloofy.bsky.social profile picture

    WinterFloof @winterfloofy.bsky.social

    I NEVER leave money in there, I've heard horror stories of it happening to people who are close friends of mine, it almost happened to me.

    In fact, you should add NEVER LINK YOUR BANK THEY WILL ROB YOU. It's so evil.

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  101. lionstarlion.bsky.social profile picture

    Lionstar @lionstarlion.bsky.social

    They have no right to to do that just Because they don’t like something it’s not their Dam job to censor stuff or refuse payments

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  109. civil4liberties.bsky.social profile picture

    @civil4liberties.bsky.social

    Ya know Musk? How about Thiel? These are the two NRx instigators of the chaos of DOGE. They also created PayPal. That’s how they started their wealth. I closed my account when I learned the above mentioned. Alex Chriss is the CEO. He also is ahead of Intuit. Boycott them.

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  111. pawsta.bsky.social profile picture

    Pawsta @pawsta.bsky.social

    Get a lawyer Force them to unfreeze the money and move it immidiately.

    FIle a Lawsuit against Paypal for hurting your business by witholding money without proper reason

    1
  112. pixeljail.com profile picture

    Pixie in Jail 🔞 nsfw horrorporn @pixeljail.com

    there's no good reason to even leave a few hundred dollars or less in there. Every penny left in paypal account is a penny left in the hands of people who WILL take it from you if left alone for too long

    withdraw immediately and regularly it takes like 30 seconds

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  113. scomatth.bsky.social profile picture

    Mr. Scratch @scomatth.bsky.social

    I pretty much only use it for commission transactions, and that money is typically used on online purchases like video games on Steam. But this is good to keep in mind regardless. :)

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  114. wachi.bsky.social profile picture

    wachi™ @wachi.bsky.social

    What's more scummy is how much they try to hide the buttons to transfer to your bank. Lots of ads and crap i don't care about first

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  115. madalovin.bsky.social profile picture

    Madalovin @madalovin.bsky.social

    Yeah, an artist friend o' mine who regularly commissions spicy artwork just had his paypal 'permanently on suspension' as of this week.

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