#9 by MJWPro » Fri Sep 26, 2014 15:14
Many of you may have seen the statement made by the admin of a PTC claiming PayPal was responsible for the closing of his PTC, and that all PTCs would be affected due to PayPal closing the accounts of PTCs.
With this in mind, I wish to reassure you somewhat.
This information (between the lines below) has come from PayPal (from my Partnership Manager in the UK who I e-mailed when I first saw the statement on the PTC in question) and therefore clarifies the situation to a large degree. Of course, PayPal review their policies all the time, so nothing is guaranteed.
===================================================================================
PayPal is getting very tough on PTCs.
New sites will have various problems trying to keep PayPal as a payment option, this is due to the high number of disputes PayPal has dealt with in regard to spam PTC sites. In effect, new site owners may have to provide supportive documents to show they are legit. Anyone can open a PayPal account, and it is only after activity that PayPal can assess anyone's account, should the account be in order PayPal should take no action, and allow the account to remain active without any restrictions. If, however, they are concerns appropriate action will be implemented, these include temporary blocks on receiving/sending funds or termination of accounts.
Established sites who have a good relation with PayPal will be unaffected. Of course, if disputes raise PayPal will take action.
===================================================================================
In effect, these PayPal measures are good for the PTC industry... in time, if a PTC is (still) offering PayPal as a payment option, then you will know it is a good site.
No PayPal option should raise your suspicions, but do also take into regard that PayPal is not in every country and sometimes the fees are excessive due to location (e.g. India), meaning PTC site owners may prefer other payment options.
Finally, if a PTC site claims to be in 'PayPal maintenance' you can be sure of one thing... they have had problems with their PayPal account (e.g. too many disputes or funding issues from bank accounts etc...). While these may be temporary, be careful... it could also be the end of that PTC, so avoid depositing funds into that PTC (from any payment processor) until the PayPal option is fully available again.