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Paypal account closed

Legacy_user
Legacy_user Posts: 0 Newbie
in Bankruptcy & living with it
Paypal have closed my account after being informed by the OR about my bankruptcy.

I gave the OR no details about my Paypal account as it is not technically a bank account, nor was it requested.

!!!!!! is wrong with these people?
«1

Comments

  • stuart30
    stuart30 Posts: 499 Forumite
    Paypal can hold a very large amount of money..so the fact you could well have hidden a large amount of £££ in paypal just might have something to do with it.

    Also the fact many people can earn a good second income from selling on ebay and similar sites..use paypal as the "Bank" and OF never gets to know of it.
  • meg72
    meg72 Posts: 5,164 Forumite
    Part of the Furniture 1,000 Posts I've been Money Tipped!
    Was wondering how they found out but i suppose it would be from bank statements.
    Slimming World at target
  • System
    System Posts: 178,163 Community Admin
    10,000 Posts Photogenic Name Dropper
    >> ".so the fact you could well have hidden a large amount of £££ in paypal just might have something to do with it.
    "

    I had £5.42 in the account.

    As far as I'm aware there are no limitations on my bankruptcy saying that I cannot legitimately use Paypal as part of my business, or that I can't sell some old CDs or other crap on eBay if I want.
  • meer53
    meer53 Posts: 10,217 Forumite
    Tenth Anniversary 10,000 Posts Combo Breaker
    You will have a card, either debit or credit, linked to your Paypal account. There's nothing wrong with these people.
  • System
    System Posts: 178,163 Community Admin
    10,000 Posts Photogenic Name Dropper
    A debit card, yes. Crime of the century.
  • System
    System Posts: 178,163 Community Admin
    10,000 Posts Photogenic Name Dropper
    I'll speak to the OR on Monday. I told him during the meeting that we use PP for a certain aspect of our business income and he made no mention of any problems with it. If he decides we can't use it then that's one thing, but the way PP handled closing my account is crap to say the least. At least with the banks I got a letter!

    Funny thing is on the phone, the guy insisted that Paypal are a bank, even though they've denied this in the past.
  • System
    System Posts: 178,163 Community Admin
    10,000 Posts Photogenic Name Dropper
    btw meer53, sorry, I'm not having a pop at you there, just a bit whizzed off right now.
  • antrobus
    antrobus Posts: 17,386 Forumite
    messedupmoney wrote: »
    ....
    Funny thing is on the phone, the guy insisted that Paypal are a bank, even though they've denied this in the past.

    Paypal has a banking licence in Luxembourg.
  • System
    System Posts: 178,163 Community Admin
    10,000 Posts Photogenic Name Dropper
    The amount of complaints to them regarding arbitrary closure of accounts (and keeping the money) is huge. If they are a real bank they need to start acting like one.
  • System
    System Posts: 178,163 Community Admin
    10,000 Posts Photogenic Name Dropper
    ...mind you, maybe acting like a real bank isn't such a great idea on reflection.
This discussion has been closed.
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