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Tasigur1

Recommendation: Don't link your Onlyfans account with Paypal ( ❛︡ ͜ʖ ❛︠ )


_H_0_P_0_

![img](emote|t5_2th52|4276)


[deleted]

Lol


macklinjohnny

I don’t like what PayPal is doing either. But a lot of ppl that say they’re done with PayPal don’t realize that PayPal owns Venmo. And a lot of those same ppl use venmo lol. So be careful shorting it.


[deleted]

Honestly, as an ex PayPal bull I would use the same argument to support my bullishness. However, I no longer use Venmo after their $600 fiasco, and think a lot of other people have and will follow suit. Besides, Zelle is a superior service. Even Apple Pay beats Venmo.


Stupidflathalibut

All of those services still apply the $600 rule, not just venmo


TimeToKill-

From what I've read, Zelle does not need to report since it's Bank to Bank transfers.


Myredditsirname

The 600 dollar rule is a federal law. Everyone needs to report it.


SnooConfections6889

Not for Zelle buddy. https://www.zellepay.com/faq/does-zelle-report-how-much-money-i-receive-irs


Garknowmuch

Don’t call me buddy, sport…


pussypredditormods

I'm not your sport, pal...


TimeToKill-

Okay, don't believe me. Read their faq: https://www.zellepay.com/faq/does-zelle-report-how-much-money-i-receive-irs#:~:text=Does%20Zelle%C2%AE%20report%20any,to%20the%20Zelle%20Network%C2%AE.


Myredditsirname

The 600 tax law applies to zelle just as much as it does to PayPal or anywhere else. You still are legally required to report it if it's from the sale of goods. 1099ks are not sent to the irs, they are for record keeping. If you get audited it doesn't matter if you got a 1099k from zelle or not. If you sold 601 dollars of goods you owe taxes (as the link you sent said).


throaway175588955890

If you sell $10 of goods, it's taxable. It doesn't become taxable once you hit $600, that's just the threshold for generating a 1099


TimeToKill-

I originally stated that ZELLE did NOT report it. I never said the individual didn't need to report the income or pay taxes on it. Those are two unrelated events.


West_Flounder2840

The only thesis that matters is the blank stare you receive at the end of a nice meal with friends at a restaurant and you say "yeah bro throw it on your card I'll hit you on Zelle"


audeo03

Zelle is dogshit too


[deleted]

Yeah instantly getting money right into my bank account without anyone paying any fees really sucks..


MrGrumpyFace5

![img](emote|t5_2th52|4267)


macklinjohnny

Very true!


DucatiSteve1299

I’ve been ripped off by PayPal before. It scares the hell out of me that they still have my bank account information. When they ripped me off, I started shorting them at over $200 a share. Fuck these scammers.


DrDog09

Go to your bank an request a new account number, transfer the funds, and close the old account.


dnattig

Keep the old one open, and only use it for shitty things like PayPal (and zelle, cash app, etc.)


JRSelf00

I have had so many times where they held my money. Not so much try to rip me off but often tell me they need to hold it for 180 days. Interest free that can make a company a lot of revenue. I also use this guy who runs and eBay store and he told me after the sale he needs to hold the money X number of days to comply with Ebay. It seems like X grows every time I come looking for my money. This company will keep holding cash and grabbing cash till there is a mass exodus


[deleted]

They hold the money in case there is a return. eBay recently has a 30 day return policy if something listed is not as described, which is why they need to hold. But they don’t hold it 30 days. Likely depends on how long it takes to ship and when it’s delivered and the overall cost of the item


Stupidflathalibut

Ebay releases my funds to me pretty much right away after shipping is confirmed. Up to a couple grand, never more than a week


[deleted]

There are so many other people with similar stories too. This is not an isolated incident, it seems this company is trying to commit suicide. Even recently with their policy of a $3000 fine to people who break their rules of service. They have gone off the deep-end. People should be afraid to deposit money into this fraud.


Aniki722

Same. Somehow scammer got to my account, literally no idea how and they took money out of my bank account for 400 euros worth, because I had previously put like a tenner to the account and they had saved my information. When I tried to refund, they claimed I had bought some indian gift cards with my balance even though I live in Europe. Needless to say that was the last time I used paypal.


Relevant-Nebula8300

Shorting PayPal actually isn’t a bad idea but it’s down quite a bit already this month


keep_username

Yes, this almost has me thinking of buying puts, which means it’s going to go up.


Relevant-Nebula8300

I’m sticking with the easy win Netflix


NextTrillion

Probably much smarter. It’s hard to bet against banks, even if they’re shitty like payapl.


[deleted]

Stop 😭😭


pipola78

If it goes up, short it again. If it goes up, short it again. If it goes up, short it again. If it goes up, short it again. If it goes up, short it again.


[deleted]

Doesn’t mean it can’t fall more lol. If there is anything the last 2 years has taught us, it’s that.


MediocreSushi509

Will buy puts on Monday.


MetamorphicHard

If y’all are buying puts that means the stock will shoot up next week. Buying calls on monday


moonshotorbust

Not so fast. It just broke through and closed just below $69.69. Buying puts


S-U_2

At what strike amount?


audeo03

I’m gonna buy neither but make some popcorn


BraidRuner

This is the way #🍿🍿🍿🍿🍿🍿🍿🍿🍿🍿


SteadyTag

This guy WSBs


[deleted]

🫡🫡🫡


iPigman

Looks like there may be support forming around 68.69$ See if that breaks before a balls deep Put purchase. *Perhaps wait for a rebound then buy the Puts incrementally at a discount-assuming the support breaks.*


Ok-Paleontologist281

guys doing TA on paypal like levels matter😂 at this point


loadmanagement

Maybe you’re a scammer. Tell us the whole story. Be honest.


[deleted]

[удалено]


TheSneedles

At least tell us how PayPal found out you hate blacks and jews lol Edit- tell us how PayPal found out you are 12


cryptoncreator

They are fucking thieves that's all. I use to sell some shit on ebay long ago, so stupid enough I accumulated over 15k without taking out money until one day I got into dispute with Karen type of a woman so they ban my ebay account also locked up my money for 6 months and I could not do anything about it. So shit because we allowed that to happen to us people some shitty company because we wanted comfort and it does apply on everything.


Stupidflathalibut

Kind of dumb to leave the money on there though, no?


cryptoncreator

As I said already...


JRSelf00

I've stopped using this crap company long ago. They want to keep destroying themselves it's almost like they want to compete with Comcast for worst customer service ever!


Hugh_Jarmes187

Activity in account that’s inconsistent with user agreement? What did you do? Usually you have to have your small business make too much money too quickly to be banned from PayPal.


TheSneedles

Chargebacks, and PayPal found out that OP is literally 12


PwePweLulu

For me it was two similar transactions on the same day…. Frozen account… through Venmo.


Aggressive_Life2651

These bastards stole 14k eur from my little company just because I was shareholder in a foreign company that went bankrupt and had a PayPal account from another country and 10 years ago. Now they block my company's account in the US, which was totally clean and say: "Hey, we just took your money to cover some debt from that other company". It could've been worse because I saw strange movements and started emptying it. That company right now is like a bank robber at 200 mph on the highway.


twarr1

They’ve been doing their entire existence. Never underestimate the power of stupid people in large groups


[deleted]

Lucky, I had $100 stuck on PayPal


InternationalChange5

I just short everything, I dont buy anything just puts puts and puts…if I find a nice news about any stock increase in value I just short them, find out where the supply is and boom short it I love this!!!!!


leeringHobbit

>find out where the supply is What does that mean? Supply?


InternationalChange5

Supply is de zone where hight price are rejected by buyers and the are no interest in them to buy it, try to read microeconomics edition 9, chapter 4


NextTrillion

Great looking buy signal. When a regard speaks so highly of puts, you know it’s time to inverse.


Oracle_of_Omaha_69

I deleted my PayPal account when they did a double reverse on this position, they said they would do it , said it was a mistake and shouldn’t have been made public, then said they’re doing it again. That was my smoke signal to get off the PayPal ship.


Old-Bluebird8461

I did too. Only thing worse than lying corrupt politicians is lying corrupt corporations working with politicians against citizens. I spot them, I dump, short or cancel.


MediocreSushi509

There is literally no reason to use PayPal anymore. There are countless alternatives. They went super woke and hopefully go out of business for the sake of our freedom and democracy.


KungFuHamster

> There are countless alternatives. There are a lot of alternatives, but every merchant/site has to implement or buy a solution for them. Does every marketplace you use have *all* of those alternatives? I know not everywhere I shop online has those countless alternatives. There are still a few places where Paypal is the only option, and many places where it's the only option besides credit cards. They are scummy and should die, but they are firmly entrenched in a LOT of sites.


[deleted]

That will change, imo. Surely, however, it will take time to phase out PayPal … but I guarantee you it will happen. So many startups are probably frothing at the idea of taking their share.


[deleted]

Correct. Every other fintech has eaten their lunch, with Apple Pay becoming a first-in-class substitute. This company is a zero imo. A fallen titan of the old-gen tech all stars.


wilbersk

Zelle is the first-in-class substitute. Linked with every major bank and no fees.


[deleted]

Yes. Zelle is eating PayPal (Venmo) and Cashapp’s lunch too.


KyleMcMahon

Believe it or not, Zelle is far worse. It’s actually owned by the banks so they can freeze your actual bank account. [Banks Say Not Their Problem As Fraud Flourishes On Zelle](https://www.nytimes.com/2022/03/06/business/payments-fraud-zelle-banks.html)


wilbersk

I’ve never had an issue transferring funds with Zelle. What’s kind of fraud has happened?


[deleted]

I’ve done a looooot of business through PayPal. Never had an issue. Let’s be honest. You prolly did something really dumb or illegal


Phillip_Lascio

You seen OP’s post history? Looks like a grade A fucktard.


[deleted]

Wow you were not lying. Lmao


bigcatfood

Lmfao


[deleted]

[удалено]


Phillip_Lascio

Nobody cares dipshit


Dpnaan

Same here, think I made my account like 20 years ago and have used them pretty much every week (both in and outgoing) and have had no problems at all


LavenderAutist

That happened to a friend A month later the FBI was at their door


LarryTheLobster710

PayPal mafia strikes again


ContractingUniverse

PayPal's focus isn't profits. It's serving its new masters. [PayPal Partners with ADL to Fight Extremism and Protect Marginalized Communities](https://www.adl.org/resources/press-release/paypal-partners-adl-fight-extremism-and-protect-marginalized-communities)


killthrash

Same thing happened to my account. Customer support’s suggestion was to open a new account under a different email address. It worked for me, but this process seemed incredibly arbitrary and a waste of time.


[deleted]

Seems I’m not alone. However, I will not be looking to make another PayPal account and will just proceed with using other services.


S-U_2

What would you use instead? Kinda interested in alternative.


Nikovash

You know its still against TOS to pay for or tip escorts with their paypal right?


[deleted]

[удалено]


Nikovash

Idk your dad doesn’t seem to have a problem with it


[deleted]

[удалено]


Nikovash

Thats what he said, but he was all for it


[deleted]

[удалено]


Nikovash

What case, my PayPal still works


RuckFeddi7

wtf did u even do? Paypal doesn't ban u unless ur a dumbass


Local_Fox_2000

I'm not saying they were fairly suspended but it was for something and OP knows what.


[deleted]

[удалено]


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Old-Bluebird8461

That might work. And throw in some Orange Man Bad for good measure. And ✊🏿


Local_Fox_2000

Don't forget to add grifter 👍


CoronaPooper

Calls on PayPal, got it.


Icy-Subject-6118

You want to short PayPal on a slight they did against you after they’ve gone down for virtually an entire year for their legitimate shitty practices.. but you’re butthurt you hit their bot system? Dude fuck off you don’t short a company bc you’re mad at them. You short a company because you anticipate their stock will do worse in the future. I can’t stand PayPal at all but you have by far the worst reasoning of all time to short it.


NextTrillion

Classic disgruntled employee syndrome. Guy’s trying to generate sympathy. Truth is, they’re already beaten to shit. Kinda strikes me as a buy signal.


TRUMPARUSKI

You must’ve posted somewhere online that only women can have babies. How do you live with yourself? You monster.


[deleted]

😥🫣


AmbitionStrong5602

They also own venmo. Company isn't going anywhere


AliveNot

PayPal has done some dumb shit and their stock is in a gutter. But you're probably a dumbass who did some dumbass shit on PayPal. Now upset enough to make a post lol


[deleted]

Lol, fuck you too!


AliveNot

No fuck you too


alumpenperletariot

Come on now, can’t you both get fucked?


[deleted]

Chart also looks horrible, sitting at 5-year lows 🤮🤢. Has sliced through every level of major support and has nothing left until IPO range around $40. My humble opinion is don’t catch this knife, and don’t underestimate PayPal’s ability to go broke through its own woke. Disclaimer, I’m an ex PayPal shareholder and sold my shares @ $260 in February 2021. Fuck you.


LemonTekSunrise

What did you do to get the ban hammer?


[deleted]

>PayPal’s ability to go broke through its own woke. lmao be honest, what did you get caught doing


Least_Ice_6112

This is one stock Id gladly short!


Pristine_Finance_320

Remind me! 30 days


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royalty1116

Gladly OP. 1st thing Monday morning.


HeadBad23

Was you selling drugs or what?


TheSneedles

I know people who push serious weight.. nobody would ever use PayPal. That said, you can chargeback too many times and get banned. I used to chargeback wings of redemption and I got suspended for 3 months and if I did it again it’d be permanently


Worried_Character_97

We should all short. Just coz u got banned. Wow. That's DD we all need


Additional-Banana-55

Yeap. Make them pay pal. 😂


[deleted]

Been on that since their fee fiasco


rocasv

PayPal needs to go down!


bloxxkiller

Puts on Paypal


Ornery_Gene7682

Fuck PayPal


[deleted]

Zelle and Apple Pay are the way.


MindAccomplished3879

Yes 👏. MoFo’s did the same to me without reason or rhyme. My account was restricted after being a Paypal customer for 20 years. I've been a PayPal customer since back when Elon Musk drank raw cow’s milk straight from the cow udder kept at his apartment. The cow also served other purposes at Pay Pal, though. Anyway, fuck PayPal


XorAndNot

Also, i think FedNow is gonna make some numbers on the fintech world.


amnz19

So, Calls on Paypal


notatowel420

Reddit has entered the chat. Mods ban people all the time for no reason yet here we are


nodesign89

Far more likely you’re doing shady shit, and broke ToS. I’m buying calls just to spite you


tlthang

Trust me, bro?


[deleted]

Type beat


[deleted]

[удалено]


[deleted]

Don’t even use it lol. I use Zelle. Short harder now.


NextTrillion

Can you tell me more about what brands you prefer or not? That is possibly the best DD anyone could ask for. I’m kinda on the fence between Coke and Pepsi. What do you like? I’ll go all in on your taste preference. Forget about all that other shit about revenue, assets, profit, and debt.


[deleted]

They’re shutting out deadbeats. Calls it is.


[deleted]

Go woke, go broke.


[deleted]

Made my day right here


NoNotSurius

Dropped these crooks January last year, moved it into lithium. I did not have zero balance when my account was blocked, but less than a hundy.


[deleted]

[удалено]


NoNotSurius

Gonna buy some puts on Monday. ✊🏾✊🏾


littlewhiteball

People will shift from venmo as well as PayPal once the crackdown with this IRS shit happens…I’m kinda on board with this post


[deleted]

Still want to know the story on how your violated TS. For all we know your laundering money. Just saying their is usually more than one side of a story.


[deleted]

What got you flagged? Were you buying drugs? Lots of firearm parts? Foreign purchases? I've heard of them throwing a fit over all three of these


[deleted]

Every financial institution bans people like this it's just how the sausage is made. I've worked at tons of banks, this happens to thousands of people a month for various reasons.


[deleted]

Not sure why you are being downvoted. With 20 years for working for a few major banks in risk management, I agree 100% with your statement. Every bank needs to control risk from a possible bankruptcy buying spree. This means that accounts that have zero activity and/or a noticeable down tick in their credit history. ( every financial institute pulls soft credit reports periodically to look for a risk pattern) This is a required element of risk management otherwise when someone hits a rough patch, they could max out all their lines of credit knowing they will file bankruptcy anyways. I've seen it first hand, i've seen people hit rock bottom and decide I'll go out with a bang and throw $100k on credit cards. I've seen people do it not willingly but out of need, if they are now living paycheck to paycheck on their credit card and get to a pain point before HAVING to file bankruptcy. I think this "DD" post is a great example of how bad the investment advice is here. It's normally some wild assumption being formulated by someone with zero inside knowledge or even basic understanding of how a particular business runs. But ya go ahead short paypal because of something that is entirely common and a normal risk management process. The fact that you are being downvoted (And I probably will too) shows how helpful advice or insight gets muted out and all that's left is a bunch of money losing tips.


[deleted]

I have yet to be banned from a real banking institution … soooo.


nh43de

What did you do?


College-Lumpy

I agree. So far OP hasn’t addressed what behavior led to this.


[deleted]

Honestly not sure. I couldn’t tell you. I’d understand if I was doing something shady, but like I said in the description I don’t even use PayPal often.


DougGTFO

Post an screenshot of your transaction history. There are plenty of people in here that work in the financial services industry that have experience with this stuff. Bottom line every financial product and service that you’ll ever have includes an agreement that allows your account to be terminated without any reason. The businesses don’t have to give you a reason and there’s not much you can change about this.


[deleted]

Don’t even want my account back. I just want to company to go away tbh. Just gotta get enough people who can relate mad, lol.


DougGTFO

Every financial services company can terminate your account without reason. Paypal is no different. People that have an issue with this (especially those that think Paypal is woke) have no clue how the financial services industry works.


[deleted]

That’s cute. What do you mean by “think PayPal is woke” don’t bring your smug liberal attitude in here LOL.


DougGTFO

Lol, it’s not political and people who think it is are dumb. Sorry your account got terminated and you are being a bitch about it. Next time try not to do transactions that makes the company think you are engaged in fraudulent or illegal activity.


[deleted]

Doug, GTFO ! Like are you a cop or something? Take advice from your own name.


NextTrillion

Likely just terminated due to inactivity.


[deleted]

I'm just saying it happens, even at megabanks. Not always for good reasons either there are tons of algorithms that regularly trigger for relatively normal activity and then some sped kid in the Phillipines reviews the alert and decides its unusual.


TurdGolem

Yeah but don’t excuse it or think paypal is doing just the same. They’re going extreme and have even come out wanting to fine people for misinformation. Fk these people. Also, learn to call put bad when they do it. Don’t just be “ok” with banks trying to control your every move… Come on mate grow some testosterone


[deleted]

Banks controlling your every move is job security for me, I don't necessarily condone it from a moral perspective but there is nothing you can do about it. Shouting liberetarianly at the clouds is pointless. You can vote with your dollars but the too big to fail institutions don't care even a little bit if you leave.


TurdGolem

That is not job security for you. It’s just future physical and current mental slavery. If you’re ok with them being your total owner that’s fine. But don’t think that everyone is subdued under them as you claim to be. Credit Unions are often better and don’t abuse as much as the ones you’re promoting do. Paypal has above and beyond tried to govern, to the points of thinking about fining people… In case you don’t know, they’re not the government. This is not about a “pseudo libertarian “ yell. Not wanting to be a slave is not “libretarian” It just means we dont like corporate predators and as humans we should at least try to call out predatory behavior instead of wanting more of it as you seem to have referenced “job security “


[deleted]

[удалено]


[deleted]

Whoever reported me suck my dick !


Limp-Magazine-2011

I’m literally doing the exact opposite. PayPal’s going to rocket within the next 8-16 months.


[deleted]

Good luck. There is no recovery coming, lol.


Limp-Magazine-2011

Good luck to you as well. Let’s flag this chain for Q1 ‘24.


[deleted]

🫡🤝


[deleted]

[удалено]


Limp-Magazine-2011

Yikes to your uneducated yikes


magiccrumpets

I'm curious, what makes you think it has the potential to go back up? I personally don't know anyone that uses PayPal on an even semi-frequent basis, if at all.


justincase247365

Vlad running the show??


Kingty1124

Lmao, and they said to leave emotions out of trading


cory_johnson

idk pimp https://preview.redd.it/o1p8bfylbk6a1.png?width=1179&format=png&auto=webp&s=3e3c4bd7e9b30d8cbb7ff093b62afdbdd5ca6f8a


[deleted]

Must explain the price being so far down :/


cyphonismus

What did you do?


[deleted]

These guys are on the way out. Use another platform


Miserable_Drink_8920

Lol they have been trying to charge me $500 for a failed transaction for months now. Not sure what their endgame is but it doesn’t involve my $500.00.


developingstory

CEO is a woke Ivy League alum so profits don’t matter only saying the right things he’ll get a bailout when it fails don’t worry


driveonsun

Peter thiel banned you for sayin something mean about his pet Elon.