Just a few months after Paypal made huge waves in the Philippines, there’s already a horror story in our midst. Paypal lockdowns — yup, unexplained Paypal account cancellation without refund.
One of the well-known Pinoy bloggers around emailed me about the recent demise of his Paypal account. For no apparent reason, all his funds have been frozen — the $750+ amount was reduced to zero (nil, ziltch, nada)! With no explanation whatsover. (Can’t name the blogger as of the moment. He’s still filing an appeal.)
The only possible reason for this lockdown would have been an unverified account. That could be the reason. A fairly active account from a country where Paypal has only been recently delisted from the blacklist, it is possible that it was frozen due to such activity. More so that it hasn’t been verified by the account holder.
Is there a way out of there? An appeal may be in order. It would be unfair if they would not reconsider it. The account should also be verified soon, either with a debit card from Union Bank’s EON or a credit card.
Just a fair warning to most of us who are overly ecstatic with Paypal in the Philippines. It does not come without its disadvantages.
For more horror stories about Paypal, visit AboutPaypal.org.
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Hahaha luckily I haven’t validate my paypal account and haven’t tried using it so sad
me rin, hindi pa verified!
(kailangan ko lng kase ng paypal for my paid blog reviews)
it happened to my premier account too. good thing there’s just about $25 or so there. i tried to contact paypal several times but they really didn’t help much or provide any reason at all regarding this lock down. i’m hoping my personal account stays the way it is now. i know i’m being overly paranoid, but whenever my money in PayPal reaches over $100, I immediately transfer to my eon account.
it happened to my premier account too. good thing there’s just about $25 or so there. i tried to contact paypal several times but they really didn’t help much or provide any reason at all regarding this lock down. i’m hoping my personal account stays the way it is now. i know i’m being overly paranoid, but whenever my money in PayPal reaches over $100, I immediately transfer to my eon account. does having the account verified change anything about its security? i wonder.
How about verified paypal account? Do we have to worry about this? This is alarming.
so far wala pa ako nyan….. if i have funds in my paypal i right away use it to purchase something online.
maybe if i have more than $100+ i transfer kona agad sa eon card or purchase nalang or renew my domain names. hehe.
Thanks for the info. Perhaps I shouldn’t try to unblock my account. It got blocked before we had full access, so I don’t have balance in there.
Why don’t you guys try a more classy online payment system like epassporte?
I hope that’d not happen on my account. ;D
Actually of this post, paypal.com is down.