Forum Moderators: buckworks
SAN FRANCISCO (Reuters) - PayPal, the online payments arm of eBay Inc. (EBAY.O: Quote, Profile, Research) , on Friday said it will soon fine people up to $500 for uses related to gambling, adult content or services, and buying or selling prescription drugs from noncertified sellers.The new policy, which takes effect Sept. 24 and applies to both buyers and sellers, marks the first time PayPal has imposed fines for violations of its use policy, spokeswoman Amanda Pires said.
entire article [reuters.com]
The list of areas where we have to be very careful is actually pretty long and is much broader than merely "adult":
[paypal.com...]
Needless to say, I would never keep anymore money in my paypal account than I need to make a purchase. I guess that would mean also keeping my paypal and bank account close to being max out also, just incase they try an unauthorized transfer.
The list of areas where we have to be very careful is actually pretty long and is much broader than merely "adult"
Wow. I am currently breaking this list. I know of dozens of sites (my competition) that are also breaking different sections of this list. These items that I am selling are banned by PayPal, but are perfectly legal in the US. Also, EBay currently has listed over 300 items specified in the PayPal list. Most of which (if not all) accept PayPal.
Maybe this list should be prominently displayed on the home page?
The new policy, which takes effect Sept. 24 and applies to both buyers and sellers
Does the fine apply to the list of verboten products or to just the big 3 (Porn, Pills, Poker)?
I have yet to find a service which will handle my eBooks and if I don't I'll have to scrap the eBook idea altogether. I guess self-publish isn't possible on the internet?
I found one host site, which I like, so far.