PayPal Bans BitTorrent Friendly Hosting Provider PRQ
Found on TorrentFreak on Wednesday, 26 December 2012
After a fruitful partnership lasting three years, PayPal decided to ruin their relationship with the so-called “bullet-proof” hoster by freezing the company’s funds for up to 180 days. On PayPal’s advice PRQ opened a second account to get by while the dispute was being sorted out, but then without warning PayPal seized those funds too.
Not content with freezing two accounts, last week PayPal sent an email stating that they will be keeping all funds in PRQ’s primary account for up to 180 days to act as a reserve in case of any chargebacks. PRQ informs us that historically there have been almost none of those.
Paypal is the biggest joke ever. Either they want to do business with the PRQ, or they don't. In that case say so and return all funds to PRQ. If there is a chargeback they just need to tell the requester to deal with PRQ directly, simple as that. However, this would not allow Paypal to keep the money for half a year. They won't even tell the reason for the locking. Pretty convenient: no reason to make up some lies. It's even more idiotic that Paypal suggests to simply open another account: do people only violate their rules with the first account? I hope PRQ does not wait too long and complain directly to the CSSF, the Luxembourg regulator for Paypal Europe's banking business. Paypal can bully customers all they want, but it's still afraid to get in trouble with the CSSF.